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Level 3 Communications, Inc. (NYSE:LVLT) has been downgraded to Buy in a statement by Goldman Sachs Group Inc. earlier today.

Goldman Sachs Group Inc. has downgraded Level 3 Communications, Inc. (NYSE:LVLT) to Buy in a statement released on 10/13/2016.

Boasting a price of $45.23, Level 3 Communications, Inc. (NYSE:LVLT) traded 2.35% higher on the day. With the last close down -9.62% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. LVLT has recorded a 50-day average of $47.79 and a two hundred day average of $51.06. Trade Volume was up over the average, with 3,581,578 shares of LVLT changing hands over the typical 2,747,300

Recent Performance Chart

Level 3 Communications, Inc. (NYSE:LVLT)

Level 3 Communications, Inc. has PE ratio of 4.64 with a one year low of $41.73 and a one year high of $57.59 and has a market capitalization of $0.

A total of 13 brokerages have released a report on Level 3 Communications, Inc.. Six brokerages rating the company a strong buy, seven brokerages rating the company a buy, five brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $62.62.

General Company Details For 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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