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L-3 Communications (NYSE: LLL) was downgraded by analysts at JPMorgan Chase from a “neutral” rating to an “underweight” rating in a research report issued to clients and investors on Monday, TheFlyOnTheWall.com reports.

The analysts wrote, “We rate LLL UW since we view the company’s earnings as among those most exposed to defense budget pressure given the short cycle nature of its business, its relatively high degree of financial leverage and the relatively high proportion of sales it generates from supplemental budgets.”

A number of other analysts have also recently weighed in on LLL. Analysts at Bank of America reiterated an “underperform” rating on shares of L-3 Communications in a research note to investors on Monday, March 11th. Separately, analysts at Goldman Sachs reiterated a “neutral” rating on shares of L-3 Communications in a research note to investors on Wednesday, March 6th. They now have a $75.00 price target on the stock. Finally, analysts at CRT Capital reiterated a “fairly valued” rating on shares of L-3 Communications in a research note to investors on Tuesday, March 5th. They now have a $71.00 price target on the stock.

Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $77.46.

L-3 Communications (NYSE: LLL) traded down 1.27% on Monday, hitting $81.35. L-3 Communications has a 1-year low of $66.46 and a 1-year high of $82.44. The stock’s 50-day moving average is currently $78.61. The company has a market cap of $7.313 billion and a price-to-earnings ratio of 9.93.

L-3 Communications (NYSE: LLL) last posted its quarterly earnings results on Wednesday, January 30th. The company reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $0.13. The company had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.46 billion. During the same quarter in the prior year, the company posted $2.54 earnings per share. The company’s quarterly revenue was up .5% on a year-over-year basis. L-3 Communications has set its FY13 guidance at $8.15-8.35 EPS. Analysts expect that L-3 Communications will post $8.20 EPS for the current fiscal year.

L-3 Communications Holdings, Inc. (NYSE: LLL) is a prime contractor in Command, Control, Communications, Intelligence, Surveillance and Reconnaissance (C3ISR) systems, aircraft modernization and maintenance, and government services.

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