Level 3 Communications (LVLT) has been under a strong bear grip, hence the stock is down -2.4% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.2% in the past 1 week. The stock has risen by 1.52% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.61% in the past 4 weeks.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 0.22% and the fifty day Moving Average is 4.46%. Level 3 Communications, Inc. has dropped 8.2% during the last three month period . Year-to-Date the stock performance stands at -9.35%.
Level 3 Communications (LVLT) : Currently there are 8 street experts covering Level 3 Communications (LVLT) stock. The most bullish and bearish price target for the stock is $63 and $53 respectively for the short term. The average price target of all the analysts comes to $59.25. The estimated standard deviation from the target is $3.45.
Level 3 Communications (NYSE:LVLT): On Fridays trading session , Opening price of the stock was $49.4 with an intraday high of $49.98. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $48.86. However, the stock managed to close at $49.28, a loss of 0.32% for the day. On the previous day, the stock had closed at $49.44. The total traded volume of the day was 1,568,603 shares.
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.