Positive News Coverage Somewhat Unlikely to Affect Level 3 Communications (LVLT) Stock Price

News headlines about Level 3 Communications (NYSE:LVLT) have trended positive this week, according to Accern Sentiment. Accern identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Level 3 Communications earned a news sentiment score of 0.28 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 46.6132011009556 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Several brokerages have recently issued reports on LVLT. BidaskClub raised shares of Level 3 Communications from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 27th. Barclays reduced 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 research note on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $61.47.

Level 3 Communications (LVLT) traded up $0.93 during trading on Wednesday, reaching $53.63. 3,119,100 shares of the company traded hands, 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 debt-to-equity ratio of 0.94, a quick ratio of 1.79 and a current ratio of 1.79.

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Level 3 Communications Company Profile

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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