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L-3 Communications Holdings (NYSE:LLL) was downgraded by analysts at Merrill Lynch to an “underperform” rating in a research report issued to clients and investors on Tuesday, AnalystRatings.NET reports.

Other equities research analysts have also recently issued reports about the stock. Analysts at Bank of America Corp. downgraded shares of L-3 Communications Holdings from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday. They now have a $106.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of L-3 Communications Holdings in a research note to investors on Friday, December 6th. They now have a $106.00 price target on the stock. Finally, analysts at Drexel Hamilton raised their price target on shares of L-3 Communications Holdings from $98.00 to $115.00 in a research note to investors on Wednesday, November 6th. They now have a “buy” rating on the stock. Four research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. L-3 Communications Holdings has a consensus rating of “Hold” and an average target price of $100.46.

Shares of L-3 Communications Holdings (NYSE:LLL) traded down 0.80% during mid-day trading on Tuesday, hitting $104.74. 717,239 shares of the company’s stock traded hands. L-3 Communications Holdings has a one year low of $74.28 and a one year high of $108.69. The stock has a 50-day moving average of $103.5 and a 200-day moving average of $95.80. The company has a market cap of $9.283 billion and a price-to-earnings ratio of 12.25.

L-3 Communications Holdings (NYSE:LLL) last announced its earnings results on Tuesday, October 29th. The company reported $1.97 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.95 by $0.02. The company had revenue of $3.00 billion for the quarter, compared to the consensus estimate of $3.07 billion. During the same quarter in the prior year, the company posted $1.87 earnings per share. The company’s quarterly revenue was down 8.7% on a year-over-year basis. Analysts expect that L-3 Communications Holdings will post $8.35 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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