Level 3 Communications (LVLT) Earning Somewhat Positive Media Coverage, Accern Reports
News coverage about Level 3 Communications (NYSE:LVLT) has trended somewhat positive on Tuesday, Accern reports. The research firm rates the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Level 3 Communications earned a coverage optimism score of 0.21 on Accern’s scale. Accern also gave news headlines about the technology company an impact score of 46.5597271832848 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
A number of analysts recently commented on the stock. Barclays PLC dropped their target price on shares of Level 3 Communications from $59.00 to $53.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 4th. Zacks Investment Research upgraded shares of Level 3 Communications from a “sell” rating to a “hold” rating in a report on Monday, August 7th. BidaskClub downgraded shares of Level 3 Communications from a “sell” rating to a “strong sell” rating in a report on Saturday, September 9th. Finally, UBS AG reiterated a “buy” rating and issued a $68.00 target price (down from $71.00) on shares of Level 3 Communications in a report on Tuesday, July 18th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. Level 3 Communications currently has a consensus rating of “Hold” and an average target price of $61.55.
Level 3 Communications (NYSE LVLT) traded up $0.93 during mid-day trading on Tuesday, hitting $53.63. 3,119,100 shares of the stock were exchanged, compared to its average volume of 2,423,731. Level 3 Communications has a twelve month low of $50.82 and a twelve month high of $64.61. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.94.
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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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