Level 3 Communications (LVLT) : The consensus price target for Level 3 Communications (LVLT) is $59.25 for the short term with a standard deviation of $3.45. The most optimist securities analyst among the 8 who monitor the stock believes that the stock can reach $63, however, the pessimist price target for the company is $53.
Level 3 Communications (LVLT) : 15 analysts are covering Level 3 Communications (LVLT) and their average rating on the stock is 1.93, which is read as a Buy. 7 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Level 3 Communications (LVLT) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
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.
Level 3 Communications (NYSE:LVLT): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $49.52 and $49.47 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $49.83. The buying momentum continued till the end and the stock did not give up its gains. It closed at $49.73, notching a gain of 0.20% for the day. The total traded volume was 2,265,074 . The stock had closed at $49.63 on the previous day.
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.