Analyst’s Review to Watch: Level 3 Communications, Inc. (NYSE:LVLT)

Level 3 Communications, Inc. (NYSE:LVLT) shares traded -4.32% during the most recent session the stock exchanged hands 6.86M shares versus average trading capacity of 2.27M shares, yielding a market cap of $20.58B. Wall Street analysts covering the stock are projecting that the stock will reach $63.00 within the next 52-weeks. The mean target projections are based on 11 opinions, the mean target was last revised on 05/03/17.

Taking a broader look brokerage firms’ analysts on the street with an expectant view have Level 3 Communications, Inc. (NYSE:LVLT) high price target of $71.00 and with a conservative view have low price target of $59.00 with a standard deviation of $2.81. If seeing target price from optimistic overview then it has 23 percent upside potential from the latest closing price of $57.81.

Level 3 Communications, Inc. (NYSE:LVLT) “Resumed” by Morgan Stanley in a research note issued to investors on Mar-29-17 as Equal-Weight.

Additionally on Dec-13-16 Level 3 Communications, Inc. (NYSE:LVLT) was “Initiated” by SunTrust as Hold and on Nov-22-16 the stock was “Downgraded” by MoffettNathanson from Buy to Neutral. Furthermore on Nov-16-16 the stock was “Downgraded” by Barclays from Overweight to Equal Weight from $54 to $57.

On the other hand the company has Relative Strength Index (RSI 14) of 40.78 along with Average True Range (ATR 14) of 0.86, Consequently Level 3 Communications, Inc. (NYSE:LVLT) weekly and monthly volatility is 1.98%, 1.25% respectively. The company’s beta value is at 1.25.

In terms of Buy, Sell or Hold recommendations, Level 3 Communications, Inc. (NYSE:LVLT) has analysts’ mean recommendation of 2.80. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

Analysts who have weighed in on projected earnings growth are expecting that Level 3 Communications, Inc. (NYSE:LVLT) will report earnings of $0.38 for the current quarter, however the company’s high EPS estimates are $0.45 and low estimates are $0.35. However the company reported $0.42 earnings per share for the same quarter during last year.

Previously Level 3 Communications, Inc. (NYSE:LVLT) reported $0.34 earnings per share (EPS) for the quarter on 5/3/2017 After Market Close, missing the consensus estimate of $0.34 by -$0.03. The company posted an earnings surprise of -8.11%.

While considering growth estimates of the company, it has current quarter growth estimates of -9.50%, comparing to the estimations of -19.90% during current year and 17.00% for next year. Past 5 years growth of Level 3 Communications, Inc. (NYSE:LVLT) observed at 56.81%, looking forward for the next 5 years it has a strong prediction of 2.70% over growth.

Level 3 Communications, Inc. (NYSE:LVLT) revenue estimates for the current quarter are $2.06B according to 13 number of analysts, for the current quarter the company has high revenue estimates of $2.1B in contradiction of low revenue estimates of $2.05B. For the current year the company’s revenue estimates are $8.27B compared to low analyst estimates of $8.21B and high estimates of $8.38B according to 16 number of analysts.

Currently Level 3 Communications, Inc. (NYSE:LVLT) shares owned by insiders are 0.60%, whereas shares owned by institutional owners are 85.60%. However the six-month change in the insider ownership was recorded -7.25%, as well as three-month change in the institutional ownership was recorded -0.12%.

Level 3 Communications, Inc. (NYSE:LVLT) trading -5.88% away from its 52 week high of $61.42 and +31.36% far from the stock’s low point over the past 52 weeks, which was $44.01. The stock hit its 52-week high on 05/02/17, and 52-week low on 10/13/16. The company’s trailing twelve month income is 677.00M dollars.

Level 3 Communications, Inc. (NYSE:LVLT) trailing twelve month revenues are $8.17B, whereas its price to sales ratio for the same period is 2.56. Its book value per share for the most recent quarter is $30.33 while its price to book ratio for the same period is 1.91, as for as the company’s cash per share for the most recent quarter is $5.02, however its price to cash per share ratio for the same period is 11.51. The stock has a current PEG ratio of 11.45 where as its trailing twelve month P/E ratio is 30.91.

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