Level 3 Communications (LVLT) : During the past 4 weeks, traders have been relatively bearish on Level 3 Communications (LVLT), hence the stock is down -8.83% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -3.04% relative to the S&P 500. The 4-week change in the price of the stock is -6.56% and the stock has fallen -2.63% in the past 1 week.
Level 3 Communications (NYSE:LVLT): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $49.29 and $49.05 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $49.56. The buying momentum continued till the end and the stock did not give up its gains. It closed at $49.27, notching a gain of 0.59% for the day. The total traded volume was 1,579,196 . The stock had closed at $48.98 on the previous day.
The stock has recorded a 20-day Moving Average of 8.43% and the 50-Day Moving Average is 6.35%. Level 3 Communications, Inc. has dropped 4.85% during the last 3-month period . Year-to-Date the stock performance stands at -9.36%.
Level 3 Communications (LVLT) : The highest level Level 3 Communications (LVLT) is projected to reach is $63 for the short term and the lowest estimate is at $53. The consolidated price target from 9 rating analysts who initiate coverage on the stock is $59.67 and the possibility the share price can swing is $3.46.
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.