L-3 Communications Holdings (LLL) was Upgraded by JP Morgan to ” Overweight”. Earlier the firm had a rating of “Neutral ” on the company shares. JP Morgan advised their investors in a research report released on Aug 25, 2016.
On the company’s financial health, L-3 Communications Holdings reported $1.88 EPS for the quarter, beating the analyst consensus estimate by $ 0.19 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $1.69. The company had revenue of $2664.00 million for the quarter, compared to analysts expectations of $2492.63 million. The company’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.36 EPS.
L-3 Communications Holdings closed down -1.88 points or -1.26% at $147.08 with 7,09,043 shares getting traded on Tuesday. Post opening the session at $149.48, the shares hit an intraday low of $147.02 and an intraday high of $149.48 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
In a different news, on Aug 22, 2016, Arthur L Simon (director) sold 3,600 shares at $149.00 per share price. According to the SEC, on Aug 11, 2016, Claude R Canizares (director) sold 2,469 shares at $150.23 per share price. On Aug 8, 2016, Steven M Post (officer ) sold 33,375 shares at $151.44 per share price, according to the Form-4 filing with the securities and exchange commission.
L-3 Communications Holdings Inc. (L-3 Holdings) operates through its wholly owned operating subsidiary L-3 Communications Corporation (L-3 Communications). L-3 is a prime contractor in intelligence surveillance and reconnaissance (ISR) systems aircraft sustainment (including modifications logistics and maintenance) simulation and training night vision and image intensification equipment enterprise and mission information technology (IT) solutions and cyber operations. L-3 also provides a range of communication and electronic systems and products used on military and commercial platforms. It operates in four segments: Electronic Systems Aerospace Systems Communication Systems and National Security Solutions (NSS). Its customers include the United States Department of Defense and its prime contractors the United States Government intelligence agencies the United States Department of Homeland Security foreign Governments and domestic and international commercial customers.