Equities analysts expect that Level 3 Communications, Inc. (NYSE:LVLT) will post earnings per share of $0.38 for the current quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Level 3 Communications’ earnings. The highest EPS estimate is $0.40 and the lowest is $0.35. Level 3 Communications reported earnings of $0.39 per share in the same quarter last year, which would indicate a negative year over year growth rate of 2.6%. The firm is scheduled to report its next earnings results on Monday, October 30th.

According to Zacks, analysts expect that Level 3 Communications will report full year earnings of $1.45 per share for the current year, with EPS estimates ranging from $1.39 to $1.50. For the next year, analysts anticipate that the company will post earnings of $1.81 per share, with EPS estimates ranging from $1.62 to $2.29. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover Level 3 Communications.

Level 3 Communications (NYSE:LVLT) last issued its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.03. Level 3 Communications had a return on equity of 5.80% and a net margin of 7.85%. The company had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.06 billion. During the same quarter in the previous year, the company posted $0.53 earnings per share. Level 3 Communications’s revenue was up .2% compared to the same quarter last year.

LVLT has been the topic of several analyst reports. BidaskClub downgraded Level 3 Communications from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 24th. Barclays PLC reaffirmed an “equal weight” rating and set a $59.00 price target (down from $61.00) on shares of Level 3 Communications in a research report on Friday, July 14th. UBS AG reaffirmed a “buy” rating and set a $68.00 price target (down from $71.00) on shares of Level 3 Communications in a research report on Tuesday, July 18th. Finally, Zacks Investment Research cut Level 3 Communications from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the stock. Level 3 Communications currently has an average rating of “Hold” and a consensus target price of $61.67.

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In other Level 3 Communications news, insider Hector Alonso sold 4,455 shares of the business’s stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $59.10, for a total value of $263,290.50. Following the completion of the transaction, the insider now owns 148,228 shares in the company, valued at $8,760,274.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP John Michael Ryan sold 5,927 shares of the business’s stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $59.10, for a total transaction of $350,285.70. Following the completion of the transaction, the executive vice president now owns 144,994 shares of the company’s stock, valued at approximately $8,569,145.40. The disclosure for this sale can be found here. Insiders sold a total of 28,224 shares of company stock valued at $1,668,038 in the last quarter. 0.49% of the stock is owned by insiders.

Large investors have recently bought and sold shares of the business. Tiverton Asset Management LLC acquired a new position in shares of Level 3 Communications in the second quarter worth $126,000. Sun Life Financial INC grew its stake in shares of Level 3 Communications by 23,733.3% in the second quarter. Sun Life Financial INC now owns 2,145 shares of the technology company’s stock worth $127,000 after acquiring an additional 2,136 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Level 3 Communications by 155.3% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 2,226 shares of the technology company’s stock worth $132,000 after acquiring an additional 1,354 shares in the last quarter. Bronfman E.L. Rothschild L.P. grew its stake in shares of Level 3 Communications by 449.0% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,306 shares of the technology company’s stock worth $137,000 after acquiring an additional 1,886 shares in the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new position in shares of Level 3 Communications in the second quarter worth $211,000. Institutional investors and hedge funds own 98.74% of the company’s stock.

Level 3 Communications (LVLT) traded up 0.66% during mid-day trading on Friday, reaching $53.28. The company’s stock had a trading volume of 340,069 shares. Level 3 Communications has a one year low of $44.01 and a one year high of $64.61. The stock has a 50-day moving average price of $55.23 and a 200-day moving average price of $58.10. The company has a market capitalization of $19.32 billion, a price-to-earnings ratio of 30.31 and a beta of 1.23.

Level 3 Communications Company Profile

Level 3 Communications, Inc is a provider of a range of integrated communications services. The Company’s operating segments include North America, EMEA and Latin America. The North America includes operations in Atlanta, Georgia; Littleton, Colorado; Miami, Florida; Montreal, Canada; New York, New York; Phoenix, Arizona; Pittsburgh, Pennsylvania; Southfield, Michigan, and Tulsa, Oklahoma.

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