Level 3 Communications (LVLT) : The consensus price target for Level 3 Communications (LVLT) is $59.75 for the short term with a standard deviation of $4.56. The most optimist securities analyst among the 8 who monitor the stock believes that the stock can reach $67, however, the pessimist price target for the company is $53.
Level 3 Communications (LVLT) encountered a rise of 12.1% or 476,960 shares in the short positions. The number escalated from 3,944,697 on June 15,2016 to 4,421,657 on June 30,2016. The final interest is 1.2% of the floated stock. The days to cover figure of 2 can be arrived using the average daily exchange of 2,006,513 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, In the latest statement by the brokerage house, Bank of America downgrades its outlook on Level 3 Communications (NYSE:LVLT). The current rating of the shares is Neutral, according to the research report released by the firm. Previously, the company had a rating of Buy. The rating by the firm was issued on April 29, 2016.
Level 3 Communications (NYSE:LVLT): stock turned positive on Thursday. Though the stock opened at $56.74, the bulls momentum made the stock top out at $57.05 level for the day. The stock recorded a low of $56.195 and closed the trading day at $56.55, in the green by 0.44%. The total traded volume for the day was 2,299,865. The stock had closed at $56.3 in the previous days trading.
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.