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.

Several large investors have recently made changes to their positions in the business. Virtu KCG Holdings LLC boosted its stake in Level 3 Communications by 0.5% during the 2nd quarter. Virtu KCG Holdings LLC now owns 3,723 shares of the technology company’s stock worth $221,000 after purchasing an additional 17 shares during the period. MAI Capital Management boosted its stake in Level 3 Communications by 1.7% during the 2nd quarter. MAI Capital Management now owns 5,314 shares of the technology company’s stock worth $315,000 after purchasing an additional 90 shares during the period. Cadence Capital Management LLC boosted its stake in Level 3 Communications by 0.8% during the 2nd quarter. Cadence Capital Management LLC now owns 11,455 shares of the technology company’s stock worth $679,000 after purchasing an additional 96 shares during the period. Wetherby Asset Management Inc. boosted its stake in Level 3 Communications by 3.5% during the 2nd quarter. Wetherby Asset Management Inc. now owns 4,271 shares of the technology company’s stock worth $253,000 after purchasing an additional 145 shares during the period. Finally, Sentry Investment Management LLC boosted its stake in Level 3 Communications by 1.1% during the 2nd quarter. Sentry Investment Management LLC now owns 22,339 shares of the technology company’s stock worth $1,325,000 after purchasing an additional 234 shares during the period. 98.84% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Level 3 Communications (NYSE:LVLT)

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