Level 3 Communications Inc (NYSE:LVLT) has been upgraded from Neutral to Overweight in a statement by JP Morgan earlier today.
- Updated: October 14, 2016
JP Morgan has upgraded Level 3 Communications Inc (NYSE:LVLT) from Neutral to Overweight in a statement released on 10/14/2016.
Boasting a price of $46.11, Level 3 Communications Inc (NYSE:LVLT) traded 2.62% higher on the day. With the last stock price close down -9.46% 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 $47.88 and a two hundred day average of $51.10. Volume of trade was down over the average, with 843,703 shares of LVLT changing hands under the typical 2,727,620
With a total market value of $0, Level 3 Communications Inc has price-earnings ratio of 4.65 with a one year low of $41.73 and a one year high of $57.59 .
A total of 13 equity analysts have released a ratings update on LVLT. Six equity analysts rating the company a strong buy, seven equity analysts rating the company a buy, five equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $62.62.
Brief Synopsis 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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