Deutsche Bank Maintains L-3 Communications Holdings to Buy with Price Target $160.00

Brokerage firm Deutsche Bank Maintains its rating on L-3 Communications Holdings(NYSE:LLL). In a research note issued to the investors, the brokerage major Raises the price-target to $160.00 per share. The shares have been rated Buy. The rating by Deutsche Bank was issued on Jun 13, 2016.

In a different note, On May 19, 2016, RBC Capital said it Upgrades its rating on L-3 Communications Holdings. In the research note, the firm Raises the price-target to $137.00 per share. The shares have been rated ‘Outperform’ by the firm. On May 2, 2016, Goldman Sachs said it Upgrades its rating on L-3 Communications Holdings. In the research note, the firm Raises the price-target to $138.00 per share. The shares have been rated ‘Buy’ by the firm.

L-3 Communications Holdings (LLL) shares turned negative on Fridays trading session with the shares closing down -0.87 points or -0.60% at a volume of 6,45,002. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $144.75. The peak price level was also seen at $144.75 while the days lowest was $142.67. Finally the shares closed at $143.7. The 52-week high of the shares is $148.005 while the 52-week low is $101.11. According to the latest information available, the market cap of the company is $11,058 M.

L-3 Communications Holdings(LLL) last announced its earnings results on Apr 27, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $2.35B. Analysts had an estimated revenue of $2.36B. Earnings per share were $2.08. Analysts had estimated an EPS of $1.57.

Several Insider Transactions has been reported to the SEC. On May 24, 2016, John S Mega (officer ) sold 7,567 shares at $138.00 per share price.Also, On May 11, 2016, Ralph Dambrosio (SVP and CFO) sold 10,000 shares at $136.25 per share price.On May 5, 2016, Steven M Post (officer ) sold 16,640 shares at $133.96 per share price, according to the Form-4 filing with the securities and exchange commission.

L-3 Communications Holdings Inc. (L-3 Holdings) operates through its wholly owned operating subsidiary L-3 Communications Corporation (L-3 Communications). L-3 is a prime contractor in intelligence surveillance and reconnaissance (ISR) systems aircraft sustainment (including modifications logistics and maintenance) simulation and training night vision and image intensification equipment enterprise and mission information technology (IT) solutions and cyber operations. L-3 also provides a range of communication and electronic systems and products used on military and commercial platforms. It operates in four segments: Electronic Systems Aerospace Systems Communication Systems and National Security Solutions (NSS). Its customers include the United States Department of Defense and its prime contractors the United States Government intelligence agencies the United States Department of Homeland Security foreign Governments and domestic and international commercial customers.

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