Headlines about Level 3 Communications (NYSE:LVLT) have trended somewhat positive on Saturday, Accern Sentiment reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Level 3 Communications earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave media coverage about the technology company an impact score of 46.5092710954168 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the headlines that may have effected Accern’s rankings:
- Level 3 Communications, Inc. (NYSE:LVLT) Receives Average Recommendation of “Hold” from Brokerages (americanbankingnews.com)
- Level 3 Reports Second Quarter 2017 Results - PR Newswire (press release) (prnewswire.com)
- LVLT Crosses Below Key Moving Average Level - Nasdaq (nasdaq.com)
- CenturyLink Shares Get Hit Again as Q2 Results Fail to Impress - Barron’s (barrons.com)
- Level 3 Communications Inc. Earnings Drop 1% In Q2 - Nasdaq (nasdaq.com)
A number of equities analysts have weighed in on LVLT shares. BidaskClub downgraded shares of Level 3 Communications from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. Zacks Investment Research downgraded shares of Level 3 Communications from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. Barclays PLC reaffirmed an “equal weight” rating and issued a $59.00 target price (down from $61.00) on shares of Level 3 Communications in a research note on Friday, July 14th. UBS AG reaffirmed a “buy” rating and issued a $68.00 target price (down from $71.00) on shares of Level 3 Communications in a research note on Tuesday, July 18th. Finally, Jefferies Group LLC dropped their target price on shares of Level 3 Communications from $64.00 to $59.00 and set a “hold” rating for the company in a research note on Thursday, May 4th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $61.49.
Level 3 Communications (NYSE LVLT) traded up 0.09% during midday trading on Friday, hitting $57.38. 1,452,555 shares of the company were exchanged. The firm’s 50-day moving average price is $59.51 and its 200-day moving average price is $58.93. Level 3 Communications has a one year low of $44.01 and a one year high of $64.61. The stock has a market capitalization of $20.79 billion, a PE ratio of 33.03 and a beta of 1.23.
Level 3 Communications (NYSE:LVLT) last posted its earnings results on Wednesday, August 2nd. The technology company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.39 by $0.03. Level 3 Communications had a net margin of 7.85% and a return on equity of 5.80%. The business had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same period last year, the company earned $0.53 EPS. The firm’s revenue was up .2% compared to the same quarter last year. Equities research analysts anticipate that Level 3 Communications will post $1.43 earnings per share for the current year.
In related news, EVP John Michael Ryan sold 5,927 shares of Level 3 Communications stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $59.10, for a total transaction of $350,285.70. Following the sale, the executive vice president now directly owns 144,994 shares in the company, valued at approximately $8,569,145.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Eric Mortensen sold 1,189 shares of Level 3 Communications stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $59.10, for a total transaction of $70,269.90. Following the sale, the senior vice president now owns 77,944 shares in the company, valued at $4,606,490.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 28,224 shares of company stock worth $1,668,038. 0.49% of the stock is owned by corporate insiders.
About Level 3 Communications
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.
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