Level 3 Communications Inc (LVLT) Files Form 4 Insider Selling : Andrew Crouch Sells 8,500 Shares

Level 3 Communications Inc (LVLT): Andrew Crouch , Regional President, EMEA of Level 3 Communications Inc sold 8,500 shares on Apr 11, 2016. The Insider selling transaction was disclosed on Apr 11, 2016 to the Securities and Exchange Commission. The shares were sold at $52.02 per share for a total value of $442,196.34.

Company has been under the radar of several Street Analysts.Level 3 Communications is Upgraded by Morgan Stanley to Overweight. Earlier the firm had a rating of Equal-Weight on the company shares. The Rating was issued on Feb 11, 2016.

Currently the company Insiders own 0.37% of Level 3 Communications shares according to the proxy statements.In the past twelve weeks, the net percent change held by company insiders has changed by -3.59%.During last six month period, the net percent change held by insiders has seen a change of -4.77%.

Shares of Level 3 Communications (LVLT) ended Monday, Apr 11, 2016 session in red amid volatile trading. The shares closed down -0.08 points or -0.15% at $51.75 with 15,54,115 shares getting traded. Post opening the session at $52.02, the shares hit an intraday low of $51.67 and an intraday high of $52.58 and the price vacillated in this range throughout the day. The company has a market cap of $18,466 M and the number of outstanding shares has been calculated to be 35,68,40,480 shares. The 52-week high of Level 3 Communications is $57.08 and the 52-week low is $40.86.

Level 3 Communications Money Flow Index Chart

Level 3 Communications Inc. is a provider of a range of integrated communications services. The Company’s operating segments include North America includes operations in Georgia Colorado Florida Canada New York Arizona Pennsylvania Michigan and Oklahoma; Europe includes operations in England Ireland The Netherlands and France; The Latin America includes operations in Colombia Argentina Venezuela Peru Ecuador Chile and Brazil. The Asia or Pacific includes operations in China Singapore and Japan. The tw telecom inc. (tw telecom) is an indirect wholly owned subsidiary of the Company. The Company offers services which includes core network services and wholesale voice services. It offers products which include core network services including transport and fiber services colocation and data center services IP and data services managed services cloud and IT services voice services and wholesale voice services including voice termination and toll free.

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