Level 3 traded down 1.07% on Friday, hitting $21.26. Level 3 has a 1-year low of $16.36 and a 1-year high of $27.99. The stock?s 50-day moving average is currently $22.24. The company?s market cap is $4.653 billion.
Level 3 last announced its earnings results on Tuesday, February 12th. The company reported ($0.16) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.01. The company had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter in the prior year, the company posted ($0.80) earnings per share. The company?s quarterly revenue was up 2.2% on a year-over-year basis. Analysts expect that Level 3 will post $-0.04 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity cut their EPS estimates on shares of Level 3 in a research note on Wednesday. They now have a ?hold? rating and a $16.00 price target on the stock. They previously had a $17.00 price target on the stock. Separately, analysts at DA Davidson downgraded shares of Level 3 from a ?buy? rating to a ?neutral? rating in a research note to investors on Wednesday, January 9th. They now have a $25.00 price target on the stock. Finally, analysts at Pivotal Research initiated coverage on shares of Level 3 in a research note to investors on Thursday, January 3rd. They set a ?buy? rating and a $30.00 price target on the stock. Four analysts have rated the stock with a buy rating, and eleven have assigned a hold rating to the stock. The company presently has a consensus rating of ?overweight? and a consensus price target of $24.20.
Level 3 Communications, Inc. (Level 3) is engaged in the communications business. The Company is a facilities based provider of a range of integrated communications services.