Level 3 Communications Inc. (NYSE:LVLT) has earned an average recommendation of “Hold” from the twenty-two research firms that are presently covering the stock. Fourteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $60.81.

Several research analysts have commented on LVLT shares. Zacks Investment Research downgraded shares of Level 3 Communications from a “hold” rating to a “strong sell” rating in a research report on Monday, September 26th. Wells Fargo & Co. cut shares of Level 3 Communications from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 1st. Goldman Sachs Group Inc. reaffirmed a “buy” rating on shares of Level 3 Communications in a research note on Monday, September 12th. BTIG Research cut shares of Level 3 Communications from a “buy” rating to a “neutral” rating in a research note on Monday, October 31st. Finally, FBR & Co boosted their target price on shares of Level 3 Communications from $55.00 to $66.50 and gave the stock a “market perform” rating in a research note on Tuesday, November 1st.

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In related news, EVP John Michael Ryan sold 6,000 shares of the business’s stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $49.61, for a total value of $297,660.00. Following the transaction, the executive vice president now owns 109,956 shares in the company, valued at $5,454,917.16. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Hector Alonso sold 10,000 shares of the business’s stock in a transaction on Monday, October 31st. The shares were sold at an average price of $56.78, for a total transaction of $567,800.00. Following the completion of the transaction, the insider now owns 112,228 shares in the company, valued at approximately $6,372,305.84. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Global X Management Co. LLC raised its position in Level 3 Communications by 37.0% in the second quarter. Global X Management Co. LLC now owns 1,961 shares of the company’s stock valued at $101,000 after buying an additional 530 shares during the last quarter. Hall Laurie J Trustee raised its position in Level 3 Communications by 14.6% in the second quarter. Hall Laurie J Trustee now owns 1,963 shares of the company’s stock valued at $104,000 after buying an additional 250 shares during the last quarter. Bellwether Investment Group LLC purchased a new position in Level 3 Communications during the second quarter valued at about $105,000. Capital Guardian Trust Co. raised its position in Level 3 Communications by 105.0% in the second quarter. Capital Guardian Trust Co. now owns 2,550 shares of the company’s stock valued at $131,000 after buying an additional 1,306 shares during the last quarter. Finally, Feltz Wealth PLAN Inc. purchased a new position in Level 3 Communications during the second quarter valued at about $103,000.

Shares of Level 3 Communications (NYSE:LVLT) opened at 56.79 on Wednesday. Level 3 Communications has a 52 week low of $41.73 and a 52 week high of $57.59. The company’s 50-day moving average price is $51.19 and its 200 day moving average price is $50.98. The firm has a market cap of $20.44 billion, a P/E ratio of 5.49 and a beta of 1.60.

Level 3 Communications (NYSE:LVLT) last announced its quarterly earnings data on Thursday, November 3rd. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.43 by $0.04. Level 3 Communications had a net margin of 45.64% and a return on equity of 6.18%. The firm had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.07 billion. During the same quarter in the prior year, the firm earned $0.48 earnings per share. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. On average, equities analysts anticipate that Level 3 Communications will post $1.59 earnings per share for the current year.

Level 3 Communications Company Profile

Level 3 Communications, Inc is a provider of a range of integrated communications services. The Company’s operating segments include North America, EMEA and Latin America. The North America includes operations in Atlanta, Georgia; Littleton, Colorado; Miami, Florida; Montreal, Canada; New York, New York; Phoenix, Arizona; Pittsburgh, Pennsylvania; Southfield, Michigan, and Tulsa, Oklahoma.

5 Day Chart for NYSE:LVLT

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