Level 3 Communications (LVLT) : $1.09 million worth of transactions were on upticks in Level 3 Communications (LVLT), compared to $0.45 million on downticks. The ratio between the two was 2.39, whereas, the net money flow stood at a healthy $0.63 million on Tuesdays session. The consistent buying on upticks in the stock accounted for $0.1million worth of trades. The total money flow into the stock stood at $0 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.02%. The stock was trading at $49.62, with a drop of $0.01 over the previous days close. The stock recorded 0.69% for the week.
Also, Major Brokerage house, Moffett Nathanson upgrades its ratings on Level 3 Communications (NYSE:LVLT). According to the latest information available, the shares are now rated Buy by the analysts at the agency. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on August 24, 2016.
Shares of Level 3 Communications, Inc. rose by 1.56% in the last five trading days and 0.93% for the last 4 weeks. Level 3 Communications, Inc. has dropped 6.14% during the last 3-month period . Year-to-Date the stock performance stands at -7.97%.
Level 3 Communications (NYSE:LVLT): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $49.67 and $49.58 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $50.04. The buying momentum continued till the end and the stock did not give up its gains. It closed at $50.03, notching a gain of 0.81% for the day. The total traded volume was 2,038,697 . The stock had closed at $49.63 on the previous day.
In a related news, The officer (Regional President, EMEA), of Level 3 Communications Inc, Crouch Andrew had unloaded 4,300 shares at $50 per share in a transaction on August 8, 2016. The total value of transaction was $215,000. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
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.