Stifel Nicolaus Maintains Buy on CenturyLink

Stifel Nicolaus is out with its report today on CenturyLink CTL, maintaining Buy. In its report, Stifel Nicolaus writes, "With the stock trading at an 18.8% 2012E free cash flow yield and 5.2x our 2012E EBITDA forecast, we believe the stock remains a compelling opportunity for investors seeking total return at current levels. Our rating remains Buy and our target price of $46 is 6.0x our 2012 EBITDA forecast." At the time of posting, shares of CTL were trading at $32.84, down 2.61% from Friday's close.