Level 3 Communications Inc (LVLT) Files Form 4 Insider Selling : Jeffrey K Storey Sells 20,000 Shares

Level 3 Communications Inc (LVLT): Jeffrey K Storey , President and CEO of Level 3 Communications Inc sold 20,000 shares on Jun 1, 2016. The Insider selling transaction was reported by the company on Jun 2, 2016 to the Securities and Exchange Commission. The shares were sold at $53.38 per share for a total value of $1,067,556.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 2, 2016, Andrew Crouch (Regional President, EMEA) sold 8,500 shares at $53.38 per share price.On Jun 2, 2016, Hector Alonso (Regional President, Latin Amer) sold 5,000 shares at $53.38 per share price.Also, On Apr 5, 2016, Laurinda Y Pang (Regional President NA and Asia) sold 581 shares at $52.90 per share price.On Apr 4, 2016, John Michael Ryan (EVP, CLO) sold 11,040 shares at $52.95 per share price.

Shares of Level 3 Communications (LVLT) ended Wednesday, Jun 1, 2016 session in red amid volatile trading. The shares closed down -0.65 points or -1.20% at $53.3 with 21,64,704 shares getting traded. Post opening the session at $53.58, the shares hit an intraday low of $53.105 and an intraday high of $53.87 and the price vacillated in this range throughout the day. The company has a market cap of $19,078 M and the number of outstanding shares has been calculated to be 35,79,32,840 shares. The 52-week high of Level 3 Communications is $56.45 and the 52-week low is $40.86.

Level 3 Communications Money Flow Index Chart

Company has been under the radar of several Street Analysts.Level 3 Communications is Downgraded by BofA/Merrill to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 29, 2016.

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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