News coverage about Level 3 Communications (NYSE:LVLT) has been trending somewhat positive this week, Accern reports. The research firm identifies negative and positive press coverage by reviewing 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 nearest to one being the most favorable. Level 3 Communications earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 46.4962917844642 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the media stories that may have impacted Accern Sentiment’s analysis:

Several equities analysts recently commented on LVLT shares. BidaskClub lowered shares of Level 3 Communications from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 24th. UBS AG reaffirmed a “buy” rating and set a $68.00 price target (down previously from $71.00) on shares of Level 3 Communications in a research report on Tuesday, July 18th. Barclays PLC reaffirmed an “equal weight” rating and set a $59.00 price target (down previously from $61.00) on shares of Level 3 Communications in a research report on Friday, July 14th. Jefferies Group LLC dropped their price target on shares of Level 3 Communications from $64.00 to $59.00 and set a “hold” rating for the company in a research report on Thursday, May 4th. Finally, Zacks Investment Research raised shares of Level 3 Communications from a “sell” rating to a “hold” rating in a research report on Wednesday, April 12th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $61.36.

Level 3 Communications (NYSE:LVLT) traded down 0.37% during midday trading on Thursday, reaching $56.24. 5,966,976 shares of the company’s stock traded hands. The stock has a market capitalization of $20.40 billion, a price-to-earnings ratio of 31.99 and a beta of 1.23. Level 3 Communications has a 52 week low of $44.01 and a 52 week high of $64.61. The company’s 50-day moving average price is $58.61 and its 200 day moving average price is $58.86.

Level 3 Communications (NYSE:LVLT) last issued its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.03. The firm had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.06 billion. Level 3 Communications had a net margin of 7.85% and a return on equity of 5.80%. The company’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the firm earned $0.53 earnings per share. On average, equities research analysts expect that Level 3 Communications will post $1.41 earnings per share for the current year.

In other Level 3 Communications news, EVP John Michael Ryan sold 5,927 shares of the stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $59.10, for a total transaction of $350,285.70. Following the transaction, the executive vice president now owns 144,994 shares in the company, valued at $8,569,145.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Hector Alonso sold 4,455 shares of the stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $59.10, for a total value of $263,290.50. Following the transaction, the insider now owns 148,228 shares in the company, valued at approximately $8,760,274.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 28,224 shares of company stock worth $1,668,038. Insiders own 0.49% of the company’s stock.

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About Level 3 Communications

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.

Insider Buying and Selling by Quarter for Level 3 Communications (NYSE:LVLT)

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