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L-3 Communications Holdings (NYSE:LLL) was upgraded by analysts at Cowen and Company from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Friday, TheFlyOnTheWall.com reports.

In other L-3 Communications Holdings news, Director Claude R. Canizares sold 1,393 shares of the company’s stock on the open market in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $109.35, for a total transaction of $152,324.55. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

L-3 Communications Holdings (NYSE:LLL) opened at 109.61 on Friday. L-3 Communications Holdings has a one year low of $75.20 and a one year high of $111.89. The stock has a 50-day moving average of $106.5 and a 200-day moving average of $98.71. The company has a market cap of $9.646 billion and a P/E ratio of 12.76.

L-3 Communications Holdings (NYSE:LLL) last announced its earnings results on Thursday, January 30th. The company reported $2.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.97 by $0.20. The company had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.16 billion. Analysts expect that L-3 Communications Holdings will post $8.36 EPS for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Barclays raised their price target on shares of L-3 Communications Holdings from $110.00 to $120.00 in a research note to investors on Wednesday. They now have an “equal weight” rating 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 Tuesday. They now have a $111.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of L-3 Communications Holdings from $117.00 to $124.00 in a research note to investors on Monday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $104.91.

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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