Why Level 3 Communications, Inc. (NYSE:LVLT) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $60.85 on Level 3 Communications, Inc. (NYSE:LVLT) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $1.66 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Level 3 Communications, Inc. (NYSE:LVLT) stands at 5.04.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Level 3 Communications, Inc. Co, the PEG ratio for coming 3-5 years is 3.00.

Technical Analysis

The technical analysis highlights that Level 3 Communications, Inc. Co current is trading $-1.04 points away or -2.04% from its 50-day moving average of $51.17. Further it is trading $-1.55 or -3.01% away its 200-day moving average of $51.68.

The 52-week high of Level 3 Communications, Inc. (NYSE:LVLT) was $57.59 while lowest point recorded in 52-week was $40.86. It implies if stock price makes a movement of over $-7.46, it will record a new 52-week high. In the case of +22.69% drop, it will touch a new 52-week low.

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