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Shares of Level 3 Communications (NYSE:LVLT) have received a consensus rating of “Hold” from the ten analysts that are covering the stock, Analyst Ratings Net reports. Five investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $45.50.

A number of analysts have recently weighed in on LVLT shares. Analysts at Jefferies Group reiterated a “buy” rating on shares of Level 3 Communications in a research note on Wednesday, July 30th. They now have a $55.00 price target on the stock, up previously from $50.00. Separately, analysts at DA Davidson downgraded shares of Level 3 Communications from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 30th. They now have a $50.00 price target on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of Level 3 Communications from $50.00 to $55.00 in a research note on Wednesday, July 30th.

Shares of Level 3 Communications (NYSE:LVLT) opened at 41.39 on Wednesday. Level 3 Communications has a 1-year low of $21.91 and a 1-year high of $49.22. The stock’s 50-day moving average is $44.45 and its 200-day moving average is $40.56. The company has a market cap of $9.825 billion and a price-to-earnings ratio of 61.89.

Level 3 Communications (NYSE:LVLT) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.21 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.31 by $0.10. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter in the prior year, the company posted ($0.11) earnings per share. The company’s quarterly revenue was up 3.8% on a year-over-year basis. On average, analysts predict that Level 3 Communications will post $1.40 earnings per share 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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