Headlines about Level 3 Communications (NYSE:LVLT) have trended somewhat positive on Saturday, according to Accern Sentiment Analysis. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Level 3 Communications earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned news coverage about the technology company an impact score of 46.3775478705126 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Shares of Level 3 Communications (LVLT) remained flat at $$53.63 during mid-day trading on Friday. The company has a market cap of $19,450.00, a price-to-earnings ratio of 30.30 and a beta of 1.14. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.79 and a current ratio of 1.79.
A number of research analysts recently issued reports on LVLT shares. BidaskClub downgraded shares of Level 3 Communications from a “sell” rating to a “strong sell” rating in a research report on Friday, October 20th. Barclays dropped their target price on shares of Level 3 Communications from $59.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 4th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $61.47.
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Level 3 Communications Company Profile
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.
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