Economy

Level 3 Communications Inc

Level 3 Communications, Inc. Capstone Asset Management Co. now owns 21,215 shares of the technology company's stock worth $1,258,000 after acquiring an additional 60 shares during the last quarter. About 3.15M shares traded or 42.53% up from the average. (NYSE:LVLT) has risen 15.09% since September 13, 2016 and is uptrending. It has underperformed by 1.61% the S&P500. Therefore 28% are positive. The stock has "Sell" rating by Zacks on Wednesday, August 19. (NYSE:LVLT) has "Neutral" rating given on Friday, April 29 by Bank of America. The rating was maintained by Wood with "Hold" on Monday, May 29. Wood maintained it with "Hold" rating and $75 target in Monday, April 24 report. The stock of South State Corporation (NASDAQ:SSB) has "Outperform" rating given on Monday, January 25 by FIG Partners. Goldman Sachs Group, Inc.

10/31/2016 - Level 3 Communications, Inc. was downgraded to "neutral" by analysts at BTIG Research.

About 22,987 shares traded. (LVLT) has risen 15.09% since September 15, 2016 and is uptrending. It has outperformed by 9.18% the S&P500.

Investors sentiment decreased to 0.96 in Q4 2016. Its up 0.07, from 0.82 in 2016Q3. 24 funds opened positions while 37 raised stakes. Hanson & Doremus Mgmt holds 830 shares. Cipher Capital L P invested 0.46% in Torchmark Corporation (NYSE:TMK). (NYSE:LVLT). Sigma Planning holds 10,782 shares. Synovus Financial Corp holds 2 shares. Ahl Prns Limited Liability Partnership invested in 0.01% or 4,526 shares. (NASDAQ:JBSS). Qs Invsts Limited Liability invested in 6 shares or 0% of the stock. Capital Fund Mgmt invested in 0.02% or 46,831 shares. Manufacturers Life Insur The holds 0.02% or 304,700 shares. M&R Mgmt reported 0.52% in Torchmark Corporation (NYSE:TMK). Wedbush Securities Inc. now owns 5,848 shares of the technology company's stock valued at $347,000 after acquiring an additional 550 shares during the period. The institutional investor held 416,164 shares of the public utilities company at the end of 2016Q4, valued at $23.46M, down from 681,164 at the end of the previous reported quarter. 851,301 were accumulated by Swiss Retail Bank. Royal Retail Bank Of Canada holds 487,113 shares. The total amount of shares outstanding is 363.93 million, giving the company a market capitalization of about 19.51 billion. It has a 25.94 P/E ratio. The Company's operating divisions include North America, EMEA and Latin America. DICHIARO STEVEN JOHN had sold 4,500 shares worth $337,862 on Wednesday, May 31. NEWTON LLOYD W had bought 2,500 shares worth $188,200.

Investors sentiment decreased to 0.96 in 2016 Q4. McDermott International, Inc.is given 1 equivalent recommendations, 0 sells and 6 holds. State of Wisconsin Investment Board raised its stake in shares of Level 3 Communications by 51.5% in the 2nd quarter. There were 47 sold out positions, amounting to 10.7 million shares. Parkside Bankshares And Tru holds 803 shares. The stock of Level 3 Communications, Inc. (NYSE:LVLT) advice adding it to buy candidate list. Highland Cap Lp owns 22,052 shares for 0.06% of their portfolio. Mitsubishi Ufj Bk holds 608,638 shares or 0.07% of its portfolio. (NASDAQ:JBSS). Aqr Mngmt Ltd accumulated 255,506 shares or 0.02% of the stock. Panagora Asset Mngmt Incorporated owns 1,260 shares for 0% of their portfolio. Bessemer Group Inc has 65 shares for 0% of their portfolio.

Gluskin Sheff & Assoc Inc, which manages about $7.77 billion and $1.14 billion US Long portfolio, upped its stake in Wci Communities Inc (NYSE:WCIC) by 152,974 shares to 191,198 shares, valued at $4.48M in 2016Q4, according to the filing.

11 number of analysts have estimated the sales of the company for the quarter ending Oct 30, 2017- Nov 3, 2017, analysts estimated mean sale target of 2078.5 million while high and low sale targets are estimated at 2116.25 million and 2032 million respectively. 952,536 were reported by Westchester Capital Management Llc. Parametric Portfolio Associates LLC grew its holdings in Level 3 Communications by 9.8% during the 1st quarter.

Want to see what other hedge funds are holding LVLT? Level 3 Communications, Inc. has had 17 insider trades in the last 3 months, including 10 open market buys and 7 sells. Therefore 28% are positive. Level 3 had 31 analyst reports since July 30, 2015 according to SRatingsIntel. Macquarie Research maintained the stock with "Neutral" rating in Tuesday, August 4 report. JP Morgan upgraded the shares of LVLT in report on Friday, October 14 to "Overweight" rating. The fund owned 167,049 shares of the technology company's stock after acquiring an additional 84,934 shares during the period.

11/02/2016 - Level 3 Communications, Inc. was downgraded to "sector perform" by analysts at RBC Capital. Barclays Capital downgraded the stock to "Equal Weight" rating in Wednesday, November 16 report. Barclays PLC reaffirmed an "equal weight" rating and set a $59.00 target price (down from $61.00) on shares of Level 3 Communications in a research note on Friday, July 14th.

Taking a look at Rogers Communications Inc. The firm has "Hold" rating given on Tuesday, December 13 by SunTrust.

10/31/2016 - Level 3 Communications, Inc. was downgraded to "market perform" by analysts at Cowen. Also, SVP Eric Mortensen sold 1,189 shares of the company's stock in a transaction on Wednesday, July 5th. The firm has "Hold" rating given on Tuesday, November 1 by Jefferies. The firm has "Overweight" rating by Morgan Stanley given on Thursday, February 11.



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