News articles about Level 3 Communications (NYSE:LVLT) have trended somewhat positive on Saturday, according to AlphaOne Sentiment. The research group, a service of Accern, ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources. AlphaOne ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Level 3 Communications earned a coverage optimism score of 0.07 on AlphaOne’s scale. AlphaOne also gave media headlines about the technology company an impact score of 27 out of 100, meaning that recent media coverage is unlikely to have an effect on the company’s share price in the next several days.
These are some of the media headlines that may have impacted Alpha One’s scoring:
Shares of Level 3 Communications (NYSE:LVLT) traded down 0.29% during trading on Friday, reaching $57.64. The company had a trading volume of 3,771,052 shares. The company’s 50 day moving average is $58.60 and its 200-day moving average is $56.77. Level 3 Communications has a 1-year low of $44.01 and a 1-year high of $61.42. The stock has a market capitalization of $20.79 billion, a price-to-earnings ratio of 30.82 and a beta of 1.48.
Level 3 Communications (NYSE:LVLT) last issued its quarterly earnings data on Wednesday, May 3rd. The technology company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by $0.03. The firm earned $2.05 billion during the quarter, compared to analyst estimates of $2.04 billion. Level 3 Communications had a return on equity of 6.34% and a net margin of 8.15%. The company’s revenue was down .1% on a year-over-year basis. During the same quarter last year, the company posted $0.35 EPS. On average, equities research analysts anticipate that Level 3 Communications will post $1.53 earnings per share for the current year.
Several equities analysts have recently weighed in on LVLT shares. Zacks Investment Research raised Level 3 Communications from a “sell” rating to a “hold” rating in a report on Monday, January 23rd. Morgan Stanley reissued a “weight” rating and set a $65.00 price target on shares of Level 3 Communications in a report on Wednesday, March 29th. Jefferies Group LLC lowered their price target on Level 3 Communications from $64.00 to $59.00 and set a “hold” rating on the stock in a report on Thursday. Finally, Royal Bank of Canada reissued a “hold” rating and set a $61.00 price target on shares of Level 3 Communications in a report on Friday, February 10th. Twelve investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $61.74.
In other Level 3 Communications news, EVP John Michael Ryan sold 9,179 shares of the company’s stock in a transaction dated Tuesday, April 4th. The shares were sold at an average price of $57.49, for a total value of $527,700.71. Following the completion of the transaction, the executive vice president now owns 150,921 shares in the company, valued at $8,676,448.29. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Sunit S. Patel sold 26,488 shares of the company’s stock in a transaction dated Tuesday, April 4th. The stock was sold at an average price of $57.49, for a total transaction of $1,522,795.12. Following the completion of the transaction, the vice president now owns 561,983 shares of the company’s stock, valued at approximately $32,308,402.67. The disclosure for this sale can be found here. In the last quarter, insiders sold 43,491 shares of company stock valued at $2,500,298. Insiders own 0.49% of the company’s stock.
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.