Many Level 3 Communications, Inc.(LVLT) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Level 3 Communications was Initiated by SunTrust to Hold on Dec 13, 2016. Level 3 Communications was Downgraded by MoffettNathanson to Neutral on Nov 22, 2016.
Company has reported several Insider transactions to the SEC, on Feb 3, 2017, Jeffrey K Storey (President and CEO) sold 35,001 shares at 58.65 per share price.On Feb 3, 2017, Sunit S Patel (Executive VP and CFO) sold 16,305 shares at 58.65 per share price.On Feb 3, 2017, John Michael Ryan (EVP, CLO) sold 4,908 shares at 58.65 per share price.
Level 3 Communications Last issued its quarterly earnings results on Oct 31, 2016. The company reported $0.40 EPS for the quarter, missing the analyst consensus estimate by $ -0.01. Analyst had a consensus of $0.41. The company had revenue of $2033.00 million for the quarter, compared to analysts expectations of $2069.29 million. The companys revenue was down -1.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.48 EPS.
Level 3 Communications, Inc. (NYSE:LVLT) has received a short term rating of sell from experts at Zacks with a rank of 4. The stock has been rated an average of 2.6 by 15 Brokerage Firm. 3 Wall Street Firms have rated the stock as a strong buys. 12 Brokerage Firms have advised hold.
Level 3 Communications, Inc. (NYSE:LVLT): 9 analysts have set the short term price target of Level 3 Communications, Inc. (NYSE:LVLT) at $61.83. The standard deviation of short term price target has been estimated at $2.74, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 67 and $57 respectively.
Level 3 Communications, Inc. (NYSE:LVLT) witnessed a decline in the market cap on Tuesday as its shares dropped 0.24% or 0.14 points. After the session commenced at $58.01, the stock reached the higher end at $58.1 while it hit a low of $57.73. With the volume soaring to 1,678,099 shares, the last trade was called at $57.87. The company has a 52-week high of $60.125. The company has a market cap of $20,829 million and there are 359,925,520 shares in outstanding. The 52-week low of the share price is $44.01.
Level 3 Communications is an international communications and information services company. The company operates one of the largest Internet backbones in the world, is one of the largest providers of wholesale dial-up service to ISPs in North America and is the primary provider of Internet connectivity for millions of broadband subscribers, through its cable and DSL partners. The company offers a wide range of communications services over its mile broadband fiber optic network including Internet Protocol services, broadband transport and infrastructure services, colocation services, and patented softswitch managed modem and voice services.