Level 3 Communications, Inc. (LVLT) Given Consensus Rating of “Hold” by Analysts
Shares of Level 3 Communications, Inc. (NYSE:LVLT) have received an average recommendation of “Hold” from the eight ratings firms that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $61.47.
Several brokerages recently commented on LVLT. Barclays decreased their target price 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. BidaskClub downgraded shares of Level 3 Communications from a “sell” rating to a “strong sell” rating in a research note on Saturday, September 9th.
Shares of Level 3 Communications (LVLT) traded up $0.93 on Tuesday, hitting $53.63. 3,119,100 shares of the stock were exchanged, compared to its average volume of 2,423,731. The company has a market cap of $19,450.00, a price-to-earnings ratio of 30.30 and a beta of 1.14. 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 1 year low of $50.82 and a 1 year high of $64.61.
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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