Qwest Communications (Q) “appears to be on the block,” according a story in Sunday’s Denver Post.

The piece notes that “a growing number of Wall Street analysts” have been “speculating that the company is a prime acquisition target” while senior management has been “speaking more freely about consolidation.”

The Post contends the company’s assets are worth nearly $20 billion, which is comparable to the company’s current enterprise value, with $7.7 billion market cap and $13.2 billion in long-term debt.

The company declined comment.

Q is up 2 cents at $4.43.