Level 3 Communications, Inc. (NYSE:LVLT) has been downgraded to Strong Sell in a statement by Zacks Investment Research earlier today.
- Updated: September 26, 2016
Having a price of $47.14, Level 3 Communications, Inc. (NYSE:LVLT) traded -1.00% lower on the day. With the last close down -8.86% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Level 3 Communications, Inc. has recorded a 50-day average of $49.20 and a two hundred day average of $51.65. 895,657 shares of LVLT traded hands, down from an average trading volume of 2,722,830
Zacks Investment Research has downgraded Level 3 Communications, Inc. (NYSE:LVLT) to Strong Sell in a statement released on 9/26/2016.
Recent Performance Chart
Level 3 Communications, Inc. has 52 week low of $40.86 and a 52 week high of $57.59 with a PE ratio of 4.73 and has a market capitalization of $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 13 brokerages have issued a research note on the company. The average stock price target is $62.62 with 6 brokerages rating the stock a strong buy, 7 brokerages rating the stock a buy, 5 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On 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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