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JPMorgan Chase & Co. upgraded Level 3 Communications, Inc. (NYSE:LVLT) to Overweight in a report released today.

Yesterday Level 3 Communications, Inc. (NYSE:LVLT) traded 2.62% higher at $45.09. The company’s 50-day moving average is $47.88 and its 200-day moving average is $51.10. The last closing price is down -9.46% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 843,703 shares of the stock traded hands, down from an average trading volume of 2,727,620

JPMorgan Chase & Co. has upgraded Level 3 Communications, Inc. (NYSE:LVLT) to Overweight in a report released on 10/14/2016.

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Level 3 Communications, Inc. (NYSE:LVLT)

Level 3 Communications, Inc. has a 52 week low of $41.73 and a 52 week high of $57.59 with a P/E ratio of 4.65 The company’s market cap is currently $0.

In addition to JPMorgan Chase & Co. reporting its stock price target, a total of 13 brokers have issued a research note on the company. The average stock price target is $62.62 with 6 brokers rating the stock a strong buy, 7 brokers rating the stock a buy, 5 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About Level 3 Communications, Inc. (NYSE:LVLT)

Level 3 Communications, Inc. is a provider of a range of integrated communications services. The Company's operating segments include North America, EMEA and Latin America. The North America includes operations in Atlanta, Georgia; Littleton, Colorado; Miami, Florida; Montreal, Canada; New York, New York; Phoenix, Arizona; Pittsburgh, Pennsylvania; Southfield, Michigan, and Tulsa, Oklahoma. The Europe segment includes operations in Basingstoke, England; Crewe, England; Dublin, Ireland; London, England; Naarden, The Netherlands, and Paris, France. The Latin America includes operations in Bogota, Colombia; Buenos Aires, Argentina; Caracas, Venezuela; Lima, Peru; Quito, Ecuador; Santiago, Chile, and Sao Paulo, Brazil. The communications services include transport and fiber services, colocation and data center services, Internet Protocol (IP) and data services, security services and voice services. Its wholesale voice services include voice termination and toll free service.

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