Ownership Action Alert: Sentiment Change Report: Level 3 Communications Inc (NYSE:LVLT)

November 28, 2016 - By Richard Conner   ·   0 Comments

Ownership Action Alert: Sentiment Change Report: Level 3 Communications Inc (NYSE:LVLT)

Sentiment for Level 3 Communications Inc (NYSE:LVLT)

Level 3 Communications Inc (NYSE:LVLT) institutional sentiment increased to 1.46 in 2016 Q2. Its up 0.32, from 1.14 in 2016Q1. The ratio has increased, as 207 investment professionals opened new and increased equity positions, while 182 sold and trimmed holdings in Level 3 Communications Inc. The investment professionals in our partner’s database now hold: 365.06 million shares, down from 369.32 million shares in 2016Q1. Also, the number of investment professionals holding Level 3 Communications Inc in their top 10 equity positions increased from 22 to 26 for an increase of 4. Sold All: 41 Reduced: 141 Increased: 168 New Position: 39.

Level 3 Communications, Inc. is a provider of a range of integrated communications services. The company has a market cap of $20.53 billion. The Company’s operating divisions include North America, EMEA and Latin America. It has a 5.57 P/E ratio. The North America includes activities in Atlanta, Georgia; Littleton, Colorado; Miami, Florida; Montreal, Canada; New York, New York; Phoenix, Arizona; Pittsburgh, Pennsylvania; Southfield, Michigan, and Tulsa, Oklahoma.

About 912,286 shares traded hands. Level 3 Communications, Inc. (NYSE:LVLT) has risen 5.97% since April 25, 2016 and is uptrending. It has underperformed by 0.04% the S&P500.

Analysts await Level 3 Communications, Inc. (NYSE:LVLT) to report earnings on February, 2. They expect $0.45 earnings per share, down 13.46% or $0.07 from last year’s $0.52 per share. LVLT’s profit will be $162.56 million for 31.57 P/E if the $0.45 EPS becomes a reality. After $0.39 actual earnings per share reported by Level 3 Communications, Inc. for the previous quarter, Wall Street now forecasts 15.38% EPS growth.

According to Zacks Investment Research, “Level 3 Communications is an international communications and information services company. The company operates one of the largest Internet backbones in the world, is one of the largest providers of wholesale dial-up service to ISPs in North America and is the primary provider of Internet connectivity for millions of broadband subscribers, through its cable and DSL partners. The company offers a wide range of communications services over its mile broadband fiber optic network including Internet Protocol services, broadband transport and infrastructure services, colocation services, and patented softswitch managed modem and voice services.”

Singapore Technologies Telemedia Pte Ltd holds 100% of its portfolio in Level 3 Communications, Inc. for 65.03 million shares. Temasek Holdings (Private) Ltd owns 65.03 million shares or 26.16% of their US portfolio. Moreover, Southeast Asset Advisors Inc. has 21.04% invested in the company for 1.24 million shares. The Georgia-based Covey Capital Advisors Llc has invested 19.61% in the stock. West Family Investments Inc., a Illinois-based fund reported 1.93 million shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 20 sales for $11.83 million net activity.

Level 3 Communications, Inc. (NYSE:LVLT) Ratings Coverage

Ratings analysis reveals 40% of Level 3’s analysts are positive. Out of 15 Wall Street analysts rating Level 3, 6 give it “Buy”, 0 “Sell” rating, while 9 recommend “Hold”. The lowest target is $50 while the high is $66.50. The stock’s average target of $59.94 is 5.47% above today’s ($56.83) share price. LVLT was included in 23 notes of analysts from July 30, 2015. The firm has “Outperform” rating by Oppenheimer given on Friday, October 28. The firm earned “Hold” rating on Tuesday, November 1 by Jefferies. Moffett Nathanson upgraded the shares of LVLT in a report on Wednesday, August 24 to “Buy” rating. The firm has “Outperform” rating by Macquarie Research given on Thursday, September 3. The firm earned “Outperform” rating on Tuesday, September 22 by RBC Capital Markets. The stock has “Neutral” rating given by BTIG Research on Tuesday, November 1. The stock of Level 3 Communications, Inc. (NYSE:LVLT) has “Equal Weight” rating given on Wednesday, November 16 by Barclays Capital. The company was upgraded on Thursday, February 11 by Morgan Stanley. The rating was downgraded by Bank of America on Friday, April 29 to “Neutral”. JP Morgan upgraded Level 3 Communications, Inc. (NYSE:LVLT) on Friday, October 14 to “Overweight” rating.

LVLT Company Profile

Level 3 Communications, Inc., incorporated on December 10, 1985, is a well-known provider of a range of integrated communications services. The Company’s operating divisions include North America, EMEA and Latin America. The North America includes activities 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 activities in Basingstoke, England; Crewe, England; Dublin, Ireland; London, England; Naarden, The Netherlands, and Paris, France. The Latin America includes activities in Bogota, Colombia; Buenos Aires, Argentina; Caracas, Venezuela; Lima, Peru; Quito, Ecuador; Santiago, Chile, and Sao Paulo, Brazil. The Firm offers optical, Internet Protocol, computing and storage technologies.

More recent Level 3 Communications, Inc. (NYSE:LVLT) news were published by: Wsj.com which released: “CenturyLink to Buy Level 3 Communications for $25 Billion” on October 31, 2016. Also Prnewswire.com published the news titled: “Communication Services Stocks Under Scanner — Level 3 Communications, Crown …” on November 28, 2016. Fool.com‘s news article titled: “Why Level 3 Communications, Inc. Gained 21% in October” with publication date: November 03, 2016 was also an interesting one.

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By Richard Conner


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