Economy

Barclays PLC Trims Level 3 Communications, Inc. (LVLT) Target Price to $53.00

About 34,149 shares traded. Following the sale, the senior vice president now directly owns 79,133 shares of the company's stock, valued at approximately $4,549,356.17.

Want to see what other hedge funds are holding LVLT?

Vivaldi Asset Management, LLC says it bought 72,955 shares in quarter ending 06/30/2017 increasing its holdings in Level 3 Communications, Inc.by 16.8%. The stock declined 0.13% or $0.07 reaching $54.98 per share. The stock has a market cap of $19.99 billion, a price-to-earnings ratio of 31.35 and a beta of 1.21. (NYSE LVLT) traded up 0.29% during trading on Monday, hitting $55.24. It has underperformed by 1.61% the S&P500. Level 3 Communications Inc now has $19.93B valuation.

Investors sentiment decreased to 0.99 in 2017 Q2. Its down 0.10, from 1.09 in 2017Q1. It fall, as 32 investors sold LVLT shares while 149 reduced holdings. Its up 2.69% from 5.50 million shares previously. Omni Prtn Limited Liability Partnership owns 340,343 shares. UBS Asset Management Americas Inc. now owns 757,440 shares of the technology company's stock worth $43,341,000 after buying an additional 87,123 shares during the period. Level 3 Communications has a 1-year low of $44.01 and a 1-year high of $64.61. (NYSE:LVLT) for 949,825 shares. Level 3 Communications had a net margin of 8.15% and a return on equity of 6.34%. BlackRock Inc. raised its stake in Level 3 Communications by 0.8% during the second quarter. Ny State Common Retirement Fund owns 73,092 shares or 0% of their U.S. portfolio. 3,823 are owned by Utd Capital Financial Advisers Limited Liability.

Minerva Advisors Llc holds 1.09% of its portfolio in Onvia, Inc. for 455,450 shares. Level 3 Communications has a consensus rating of "Hold" and a consensus target price of $61.12. Credit Suisse Ag holds 0% or 26,535 shares in its portfolio. Zacks Investment Research upgraded Level 3 Communications from a sell rating to a hold rating in a report on Monday, January 23rd. Therefore 29% are positive. On Tuesday, July 26 the stock rating was initiated by Compass Point with "Neutral". As per Thursday, July 30, the company rating was maintained by Canaccord Genuity. Inc. purchased a new position in Level 3 Communications in the 2nd quarter worth approximately $211,000. On Tuesday, November 22 the stock rating was downgraded by Moffett Nathanson to "Neutral". The brokerage now has an equal weight rating on the technology company's stock. As per Tuesday, November 1, the company rating was downgraded by Cowen & Co. The stock of TriMas Corp (NASDAQ:TRS) earned "Hold" rating by Jefferies on Thursday, June 15.

Level 3 Communications, Inc is a provider of a range of integrated communications services.

LVLT has been the subject of a number of recent research reports. During the same quarter in the prior year, the business posted $0.35 earnings per share. LVLT's profit will be $137.82M for 36.17 P/E if the $0.38 EPS becomes a reality. The company's revenue was down.1% compared to the same quarter a year ago.

More notable recent Level 3 Communications, Inc. (NYSE:LVLT). Cornerstone Advisors reported 0.08% in Level 3 Communications, Inc.

Traders are a little more bearish on shares of Level 3 Communications, Inc. lately looking at the rise in short interest. (NYSE:LVLT) were released by: Nasdaq.com and their article: "Level 3 Communications (LVLT) to Expand Cloud Footprint" published on October 04, 2017 as well as Seekingalpha.com's news article titled: "CenturyLink's Yield Is Sinking Fast On Level 3 Merger Progress" with publication date: October 06, 2017. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company's stock. The rating was upgraded by JP Morgan to "Overweight" on Tuesday, September 27. The stock of Telecom Italia SpA (ADR) (NYSE:TI) earned "Equal Weight" rating by Barclays Capital on Monday, October 17. The firm has " rating by Global Hunter Securities given on Wednesday, August 5. The company had a rise in short interest of 3.16% between August 31, 2017 and September 15, 2017.

Permian Investment Partners Lp, which manages about $823.32 million and $753.62M US Long portfolio, upped its stake in Sherwin Williams Co (NYSE:SHW) by 12,453 shares to 235,460 shares, valued at $82.64 million in 2017Q2, according to the filing. The total value of its holdings increased 5.3%.

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