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Shares of Level 3 Communications (NYSE:LVLT) have earned a consensus recommendation of “Hold” from the eleven analysts that are covering the company, American Banking News reports. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $35.70.

Level 3 Communications (NYSE:LVLT) traded down 0.68% during mid-day trading on Monday, hitting $36.50. The stock had a trading volume of 303,946 shares. Level 3 Communications has a one year low of $19.12 and a one 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 $8.243 billion.

Level 3 Communications (NYSE:LVLT) last announced its earnings results on Wednesday, February 5th. The company reported $0.06 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted ($0.26) earnings per share. The company’s quarterly revenue was down .7% on a year-over-year basis. On average, analysts predict that Level 3 Communications will post $1.10 earnings per share for the current fiscal year.

In other Level 3 Communications news, Director Archie Clemins unloaded 1,000 shares of Level 3 Communications stock in a transaction dated Friday, February 7th. The shares were 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 of the company’s stock, valued at approximately $1,448,811. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

A number of research firms have recently commented on LVLT. 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.

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

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