Level 3 Communications, Inc. (NYSE:LVLT) has earned an average recommendation of “Hold” from the nine ratings firms that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $61.55.
LVLT has been the topic of several recent analyst reports. Barclays decreased their price objective on shares of Level 3 Communications from $59.00 to $53.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 4th. BidaskClub raised shares of Level 3 Communications from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 27th.
Shares of Level 3 Communications (NYSE:LVLT) traded up $0.93 during mid-day trading on Friday, hitting $53.63. 3,119,100 shares of the stock traded hands, compared to its average volume of 2,423,731. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.94. Level 3 Communications has a 52-week low of $50.82 and a 52-week high of $64.61.
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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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