Level 3 Communications (LVLT) Shares are Up 0.93%

Level 3 Communications (LVLT) has been under a strong bear grip, hence the stock is down -13.13% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.88% in the past 1 week. The stock has risen by 0.93% in the past week indicating that the buyers are active at lower levels, but the stock is down -12.23% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 5.56% and the 50-Day Moving Average is 4.86%. Level 3 Communications (NYSE:LVLT): On Fridays trading session , Opening price of the stock was $50.06 with an intraday high of $50.06. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $49.56. However, the stock managed to close at $49.73, a loss of 0.82% for the day. On the previous day, the stock had closed at $50.14. The total traded volume of the day was 1,752,694 shares.


The company Insiders own 0.49% of Level 3 Communications shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -4.07% . During last six month period, the net percent change held by insiders has seen a change of -1.39%. Also, BTIG Research initiates coverage on Level 3 Communications (NYSE:LVLT). The shares have now been rated Buy by the stock experts at the ratings house. BTIG Research announces the current price target of $63 per share on Level 3 Communications . The rating by the firm was issued on August 8, 2016.

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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