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JPMorgan upgraded Level 3 (NYSE:LVLT) from Neutral to Overweight in a statement released earlier today.

JPMorgan has upgraded Level 3 (NYSE:LVLT) from Neutral to Overweight in a report released on 10/14/2016.

Yesterday Level 3 (NYSE:LVLT) traded 2.62% higher at $45.09. LVLT’s 50-day average is $47.88 and its two hundred day average is $51.10. With the last close 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

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Level 3 (NYSE:LVLT)

Level 3 has 52 week low of $41.73 and a 52 week high of $57.59 with a P/E ratio of 4.65 and has a market cap of $0.

In addition to JPMorgan reporting its target price, a total of 13 brokers have issued a report 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, five equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and lastly zero equity analysts rating the company a sell.

Brief Synopsis About Level 3 (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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