Level 3 Communications, Inc. Stock Price Could Go Up After Today’s Bullish Options Activity

 Level 3 Communications, Inc. Stock Price Could Go Up After Today's Bullish Options Activity

In today’s session Level 3 Communications, Inc. (LVLT) registered an unusually high (908) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious LVLT increase. With 908 contracts traded and 38054 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: LVLT170120C00060000 closed last at: $0.35 or 16.7% up. About 3.11 million shares traded hands or 6.14% up from the average. Level 3 Communications, Inc. (NYSE:LVLT) has declined 7.16% since March 1, 2016 and is downtrending. It has underperformed by 16.41% the S&P500.

Analysts await Level 3 Communications, Inc. (NYSE:LVLT) to report earnings on October, 26. They expect $0.45 earnings per share, down 6.25% or $0.03 from last year’s $0.48 per share. LVLT’s profit will be $160.28M for 25.38 P/E if the $0.45 EPS becomes a reality. After $0.52 actual earnings per share reported by Level 3 Communications, Inc. for the previous quarter, Wall Street now forecasts -13.46% negative EPS growth.

Level 3 Communications, Inc. (NYSE:LVLT) Ratings Coverage

Out of 7 analysts covering Level 3 (NYSE:LVLT), 6 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 86% are positive. Level 3 has been the topic of 11 analyst reports since July 30, 2015 according to StockzIntelligence Inc. Morgan Stanley upgraded Level 3 Communications, Inc. (NYSE:LVLT) rating on Thursday, February 11. Morgan Stanley has “Overweight” rating and $60 price target. The company was upgraded on Wednesday, August 24 by Moffett Nathanson. The stock of Level 3 Communications, Inc. (NYSE:LVLT) has “Buy” rating given on Thursday, July 30 by Canaccord Genuity. Macquarie Research upgraded the stock to “Outperform” rating in Thursday, September 3 report. The firm has “Neutral” rating given on Tuesday, August 4 by Macquarie Research. The stock of Level 3 Communications, Inc. (NYSE:LVLT) earned “Neutral” rating by Bank of America on Friday, April 29. The stock of Level 3 Communications, Inc. (NYSE:LVLT) earned “Outperform” rating by RBC Capital Markets on Tuesday, September 22. William Blair initiated the shares of LVLT in a report on Tuesday, April 19 with “Outperform” rating.

Insitutional Activity: The institutional sentiment decreased to 1.14 in Q2 2016. Its down 0.42, from 1.56 in 2016Q1. The ratio dropped, as 41 funds sold all Level 3 Communications, Inc. shares owned while 141 reduced positions. 39 funds bought stakes while 168 increased positions. They now own 365.06 million shares or 1.16% less from 369.32 million shares in 2016Q1.
The Nebraska-based Bridges Investment has invested 0.18% in Level 3 Communications, Inc. (NYSE:LVLT). Vanguard Group Inc last reported 0.08% of its portfolio in the stock. Principal Fin Group Incorporated has 0.03% invested in the company for 433,208 shares. Bruni J V & Communications Communications accumulated 6.77% or 666,763 shares. Raymond James accumulated 66,551 shares or 0.01% of the stock. Group Inc One Trading Limited Partnership has 0.02% invested in the company for 26,037 shares. Strs Ohio holds 0.16% of its portfolio in Level 3 Communications, Inc. (NYSE:LVLT) for 695,104 shares. The California-based Ivory Investment Limited Liability Corporation has invested 3.7% in Level 3 Communications, Inc. (NYSE:LVLT). Calvert Mngmt Inc has 15,127 shares for 0.04% of their US portfolio. Guardian Life Insur Co Of America reported 1,083 shares or 0% of all its holdings. State Treasurer State Of Michigan reported 100,700 shares or 0.04% of all its holdings. Caisse De Depot Et Placement Du Quebec, a Quebec – Canada-based fund reported 144,740 shares. Addison Capital reported 13,549 shares or 0.63% of all its holdings. Meeder Asset Management has invested 0.05% of its portfolio in Level 3 Communications, Inc. (NYSE:LVLT). Pictet Asset Limited owns 159,870 shares or 0.03% of their US portfolio.

Insider Transactions: Since April 5, 2016, the stock had 0 insider buys, and 18 selling transactions for $12.21 million net activity. Crouch Andrew had sold 8,500 shares worth $442,196. Ryan John Michael also sold $560,057 worth of Level 3 Communications, Inc. (NYSE:LVLT) on Friday, July 1. On Friday, July 1 STOREY JEFFREY K sold $3.05M worth of the stock or 60,557 shares. 2,150 Level 3 Communications, Inc. (NYSE:LVLT) shares with value of $109,263 were sold by MORTENSEN ERIC. ALONSO HECTOR sold 13,275 shares worth $680,270. $1.58 million worth of Level 3 Communications, Inc. (NYSE:LVLT) was sold by PATEL SUNIT S on Friday, July 1. The insider PANG Laurinda Y sold 11,570 shares worth $584,294.

Level 3 Communications, Inc. is a provider of a range of integrated communications services. The company has a market cap of $16.27 billion. The Company’s operating divisions include North America, EMEA and Latin America. It has a 4.66 P/E ratio. The North America includes activities 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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