Level 3 Communications, Inc. (LVLT) Scheduled to Post Quarterly Earnings on Monday
Level 3 Communications, Inc. (NYSE:LVLT) will issue its quarterly earnings data after the market closes on Monday, October 30th.
Level 3 Communications (NYSE:LVLT) last posted its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.03. Level 3 Communications had a net margin of 7.85% and a return on equity of 5.80%. The company had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same quarter in the previous year, the firm posted $0.53 EPS. The business’s revenue was up .2% compared to the same quarter last year. On average, analysts expect Level 3 Communications to post $1.45 EPS for the current fiscal year and $1.81 EPS for the next fiscal year.
Level 3 Communications, Inc. (NYSE LVLT) traded up 0.49% on Monday, hitting $53.77. 75,950 shares of the stock traded hands. The stock has a market cap of $19.50 billion, a price-to-earnings ratio of 30.59 and a beta of 1.21. Level 3 Communications, Inc. has a 52 week low of $46.35 and a 52 week high of $64.61. The firm’s 50 day moving average is $53.85 and its 200 day moving average is $57.60.
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Several research firms have commented on LVLT. BidaskClub raised shares of Level 3 Communications from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 27th. Zacks Investment Research upgraded shares of Level 3 Communications from a “sell” rating to a “hold” rating in a research note on Monday, August 7th. Barclays PLC reduced their price target on shares of Level 3 Communications from $59.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 4th. Finally, UBS AG restated a “buy” rating and issued a $68.00 price target (down from $71.00) on shares of Level 3 Communications in a research note on Tuesday, July 18th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $61.73.
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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