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Shares of Level 3 Communications (NYSE:LVLT) have received a consensus rating of “Buy” from the eleven analysts that are covering the stock, Analyst Ratings News reports. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $42.84.

Shares of Level 3 Communications (NYSE:LVLT) opened at 44.61 on Tuesday. Level 3 Communications has a 1-year low of $19.71 and a 1-year high of $45.97. The stock’s 50-day moving average is $43.6 and its 200-day moving average is $37.8. The company has a market cap of $10.589 billion and a price-to-earnings ratio of 124.61.

Level 3 Communications (NYSE:LVLT) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.19. The company had revenue of $1.61 million for the quarter, compared to the consensus estimate of $1.59 million. During the same quarter in the previous year, the company posted ($0.13) earnings per share. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, analysts predict that Level 3 Communications will post $1.51 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on LVLT shares. Analysts at DA Davidson reiterated a “buy” rating on shares of Level 3 Communications in a research note on Thursday, June 5th. Separately, analysts at Zacks upgraded shares of Level 3 Communications from a “neutral” rating to an “outperform” rating in a research note on Thursday, May 29th. They now have a $47.60 price target on the stock. Finally, analysts at Macquarie raised their price target on shares of Level 3 Communications from $44.00 to $49.00 in a research note on Monday, May 12th.

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

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