Level 3 Communications (LVLT) : Analyst Rating Update

Level 3 Communications (LVLT) has an average broker rating of 1.75, which is interpreted as a Buy, as rated by 16 equity analysts. Nonetheless, 9 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 5 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell.

Level 3 Communications (LVLT) : Average target price received by Level 3 Communications (LVLT) is $60.67 with an expected standard deviation of $5.07. The most aggressive target on the stock is $68, whereas the most downbeat target is $53. 9 financial analysts are currently covering the stock.

Level 3 Communications (NYSE:LVLT): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $50.28 and $49.74 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $51.13. The buying momentum continued till the end and the stock did not give up its gains. It closed at $51.11, notching a gain of 1.05% for the day. The total traded volume was 1,948,435 . The stock had closed at $50.58 on the previous day.

Also, Major Brokerage house, Bank of America downgrades its ratings on Level 3 Communications (NYSE:LVLT). According to the latest information available, the shares are now rated Neutral by the analysts at the agency. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on April 29, 2016. The company shares have dropped -0.65% from its 1 Year high price. On Apr 28, 2016, the shares registered one year high at $56.11 and the one year low was seen on Sep 29, 2015. The 50-Day Moving Average price is $51.91 and the 200 Day Moving Average price is recorded at $51.04.

Level 3 Communications, Inc. is a provider of a range of integrated communications services. The Companys 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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