Qwest shares rise most in eight weeks.

The Denver Post

February 3, 2010

 

Qwest shares rose the most in eight weeks in New York trading after Goldman Sachs Group Inc. removed the stock from its "conviction sell" list.

The company's capital allocation has improved and it may become a takeover target, Jason Armstrong, an analyst at Goldman Sachs, wrote this week in a note to clients.

Qwest shares closed at $4.43 Tuesday, up 21 cents or nearly 5 percent, in New York Stock Exchange trading.