Large Outflow of Money Witnessed in Level 3 Communications

Level 3 Communications (LVLT) : Money flow in the Level 3 Communications (LVLT) stock was negative (6.09 million) on Wednesday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $17.98 million, compared to $24.07 million on downticks. The total uptick to downtick ratio was 0.75, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($5.08 million), indicating selling on the strength. The transaction value during uptick in block trades was $5.81 million. Downtick transaction value in block trades amounted to $10.9 million, indicating persistent selling. The uptick to downtick ratio was 0.53. Level 3 Communications (LVLT) traded $0.59 higher at $47.65 gaining 1.25% over the previous days close.

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Level 3 Communications, Inc. has lost 1.55% in the last five trading days and dropped 3.97% in the last 4 weeks. Level 3 Communications, Inc. has dropped 5.64% during the last 3-month period . Year-to-Date the stock performance stands at -12.33%.

Level 3 Communications (LVLT) : 6 brokerage houses believe that Level 3 Communications (LVLT) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 6 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Level 3 Communications (LVLT). Zacks Investment Research suggests a Sell with a rank of 4.The median of all the 13 Wall Street Analysts endorse the stock as a Buy with a rating of 2.

Level 3 Communications (NYSE:LVLT): The stock opened at $47.21 and touched an intraday high of $47.68 on Wednesday. During the day, the stock corrected to an intraday low of $46.87, however, the bulls stepped in and pushed the price higher to close in the green at $47.66 with a gain of 1.27% for the day. The total traded volume for the day was 2,444,531. The stock had closed at $47.06 in the previous trading session.

Level 3 Communications, Inc. is a provider of a range of integrated communications services. The Companys operating segments include North America includes operations in Georgia, Colorado, Florida, Canada, New York, Arizona, Pennsylvania, Michigan and Oklahoma; Europe includes operations in England, Ireland, The Netherlands and France; The Latin America includes operations in Colombia, Argentina, Venezuela, Peru, Ecuador, Chile and Brazil. The Asia or Pacific includes operations in China, Singapore and Japan. The tw telecom inc. (tw telecom) is an indirect, wholly owned subsidiary of the Company. The Company offers services, which includes core network services and wholesale voice services. It offers products, which include core network services, including transport and fiber services, colocation and data center services, IP and data services, managed services, cloud and IT services, voice services and wholesale voice services, including voice termination and toll free.

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