Level 3 Communications (NYSE:LVLT) shares traded 0.3% up during most recent session to reach at the closing price of $59.65. The stock exchanged hands 1.41 Million shares versus average trading capacity of 2.22 Million shares, yielding a market cap of $21.63 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $62.82 within the next 52-weeks. The mean target projections are based on 11 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Level 3 Communications (NYSE:LVLT) high price target of $71 and with a conservative view have low price target of $59.
Raymond James “Downgrades” Level 3 Communications (NYSE:LVLT) in a research note issued to investors on 5/15/17 to Underperform with price target of $0.
Additionally on 3/29/17 Morgan Stanley “Reinstates” Level 3 Communications (NYSE:LVLT) to Equal-Weight setting price target at $65 and on 12/13/16 SunTrust Robinson Humphrey “Initiates Coverage On” the stock to Hold at $62. Furthermore on 11/16/16 Barclays “Downgrades” the stock to Equal-Weight at $57.
On the other hand the company has Relative Strength Index (RSI 14) of 53.84 along with Average True Range (ATR 14) of 0.73, Consequently Level 3 Communications (NYSE:LVLT)’s weekly and monthly volatility is 0.87%, 1.38% respectively. The company’s beta value is at 1.23.
In terms of Buy, Sell or Hold recommendations, Level 3 Communications (NYSE:LVLT) has analysts’ mean recommendation of 2.9. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Level 3 Communications (NYSE:LVLT)’s minimum EPS for the current quarter is at $0.34 and can go high up to $0.42. The consensus mean EPS for the current quarter is at $0.38 derived from a total of 13 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.42 earnings per share for the same quarter during last year.
Previously Level 3 Communications (NYSE:LVLT) reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by $-0.1. The company posted an earnings surprise of -0.278%.
While considering growth estimates of the company, it has next quarter growth estimates of -2.6% whereas during current quarter it has -9.5% estimations over growth, comparing to the estimations of -26.7% during current year and 27.1% for next year. Past 5 years growth of Level 3 Communications (NYSE:LVLT) observed at 43.5%, looking forward for the next 5 years it has a strong prediction of 2.7% over growth.
Level 3 Communications (NYSE:LVLT)’s revenue estimates for the current quarter are $2.06 Million according to 11 number of analysts, for the current quarter the company has high revenue estimates of $2.07 Million in contradiction of low revenue estimates of $2.05 Million. For the current year the company’s revenue estimates are $8.27 Million compared to low analyst estimates of $8.19 Million and high estimates of $8.33 Million according to 13 number of analysts.
Currently Level 3 Communications (NYSE:LVLT)’s shares owned by insiders are 0.6%, whereas shares owned by institutional owners are 87.9%. However the six-month change in the insider ownership was recorded -7.24%, as well as three-month change in the institutional ownership was recorded 24.12%.
Level 3 Communications (NYSE:LVLT) 52-week high price stands at $61.42 and low price stands at $44.01, its price distance from 52-week high is -2.88% while its distance from 52-week low price is 35.54%. The stock hit its 52-week high on 05/02/17, and 52-week low on 10/13/16.
Level 3 Communications (NYSE:LVLT)’s trailing twelve month revenues are $8.17 Billion, whereas its price to sales ratio for the same period is 2.65. Its book value per share for the most recent quarter is $30.66 while its price to book ratio for the same period is 1.95, as for as the company’s cash per share for the most recent quarter is $5.37, however its price to cash per share ratio for the same period is 11.11. The stock has 5 year expected PEG ratio of 12.44 whereas its trailing twelve month P/E ratio is 33.59.