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Level 3 Communications (NYSE:LVLT) Director Archie Clemins unloaded 1,000 shares of Level 3 Communications stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $36.60, for a total value of $36,600.00. Following the transaction, the director now directly owns 39,585 shares in the company, valued at approximately $1,448,811. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Several analysts have recently commented on the stock. Analysts at DA Davidson upgraded shares of Level 3 Communications from a “neutral” rating to a “buy” rating in a research note to investors on Thursday. They now have a $40.00 price target on the stock, up previously from $34.00. Separately, analysts at Canaccord Genuity upgraded shares of Level 3 Communications from a “hold” rating to a “buy” rating in a research note to investors on Thursday. They now have a $41.00 price target on the stock, up previously from $30.00. Finally, analysts at Jefferies Group raised their price target on shares of Level 3 Communications from $36.00 to $40.00 in a research note to investors on Thursday. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $35.70.

Shares of Level 3 Communications (NYSE:LVLT) traded up 0.52% during mid-day trading on Friday, hitting $36.75. The stock had a trading volume of 1,729,576 shares. Level 3 Communications has a 1-year low of $19.12 and a 1-year high of $37.50. The stock has a 50-day moving average of $33.28 and a 200-day moving average of $28.13. The company’s market cap is $8.217 billion.

Level 3 Communications (NYSE:LVLT) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by $0.01. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter in the previous year, the company posted ($0.26) earnings per share. The company’s revenue for the quarter was down .7% on a year-over-year basis. Analysts expect that Level 3 Communications will post $1.11 EPS for the current fiscal year.

Level 3 Communications, Inc (NYSE:LVLT) is a facilities-based provider of a range of integrated communications services.

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