Level 3 Communications Inc (NYSE:LVLT) has been downgraded from Buy to Neutral in a statement by Moffett Nathanson earlier today.
- Updated: November 27, 2016
Having a price of $56.97, Level 3 Communications Inc (NYSE:LVLT) traded 0.39% higher on the day. With the last close up 11.40% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.03% over the same period. LVLT has recorded a 50-day average of $51.19 and a two hundred day average of $50.98. Trade Volume was down over the average, with 1,118,441 shares of LVLT changing hands under the typical 4,303,420
Moffett Nathanson has downgraded Level 3 Communications Inc (NYSE:LVLT) from Buy to Neutral in a statement released on Tuesday November 22, 2016.
On 11/16/2016, Barclays Capital released a statement on Level 3 Communications Inc (NYSE:LVLT) upped the target price from $54.00 to $57.00 that suggested an upside of 0.04%.
Recent Performance Chart
Level 3 Communications Inc has price-earnings ratio of 5.49 with a one year low of $41.73 and a 52 week high of $57.59 and has a market cap of $0.
In addition to Moffett Nathanson reporting its target price, a total of 13 firms have issued a report on the stock. The consensus target price is $62.62 with 6 firms rating the stock a strong buy, 7 firms rating the stock a buy, 5 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
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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