The share price of $52.94 is at a distance of 29.56 percent from its 52-week low and down -5.65 percent versus its peak. They now have a United States dollars 67 price target on the stock.
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Speculation of a possible Level 3 sale drove the stock price (NYSE: LVLT) of the network operator up by nearly 4% yesterday, with three times the normal trading volume. However, 8 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. The stock had a trading volume of 92,064 shares.
01/05/2016 – Level 3 Communications, Inc. had its “neutral” rating reiterated by analysts at Moffett NathansonN/A.
The stock’s 50 day moving average is 51.90 and its 200 day moving average is 51.05. Commonly named as P/E ratio, it helps investors know where the company stands in the market.
If rumours are to believed, Level 3 Communications may soon be acquired by Comcast in order to compete against US telecom behemoths AT&T Inc. (LVLT) sold shares in the company in a transaction completed on Tuesday July 05, 2016. The business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.08 billion.
Analysts await Level 3 Communications, Inc.
According to a new report, Level 3 Communications is exploring strategic alternatives, and Comcast (NASDAQ: CMCSA) may be interested in purchasing the company. They expect $0.48 EPS, up 14.29% or $0.06 from last year’s $0.42 per share.
Level 3 Communications now has a Zacks Rank #3 (Hold).
06/27/2016 – Level 3 Communications, Inc. had its “overweight” rating reiterated by analysts at Morgan Stanley.
“We have written that we believe LVLT will either pursue strategic M&A (most likely as a buyer) or a stock buyback given the significant free cash flow it is accumulating”, said Wells Fargo analyst Jennifer Fritzsche in a different research report. The 12 equity analysts who rate the stock have an average target price at $62, with individual targets ranging between $55 and $67.
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04/19/2016 – William Blair began new coverage on Level 3 Communications, Inc. giving the company a “outperform” rating. About 4.40 million shares traded hands or 154.34% up from the average.
