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 (663) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious LVLT increase. With 663 contracts traded and 1424 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: LVLT161118C00052500 closed last at: $2.1 or 366.7% up. About 31.73M shares traded hands or 762.23% up from the average. Level 3 Communications, Inc. (NYSE:LVLT) has risen 3.07% since March 29, 2016 and is uptrending. It has underperformed by 0.40% the S&P500.

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

Out of 11 analysts covering Level 3 (NYSE:LVLT), 10 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 91% are positive. $65 is the highest target while $50 is the lowest. The $58.43 average target is 3.12% above today’s ($56.66) stock price. Level 3 has been the topic of 15 analyst reports since July 30, 2015 according to StockzIntelligence Inc. On Thursday, September 3 the stock rating was upgraded by Macquarie Research to “Outperform”. The stock has “Overweight” rating given by JP Morgan on Friday, October 14. The firm has “Outperform” rating given on Tuesday, April 19 by William Blair. Morgan Stanley upgraded the stock to “Overweight” rating in Thursday, February 11 report. The rating was downgraded by Bank of America to “Neutral” on Friday, April 29. Canaccord Genuity maintained Level 3 Communications, Inc. (NYSE:LVLT) rating on Thursday, July 30. Canaccord Genuity has “Buy” rating and $62 price target. The stock of Level 3 Communications, Inc. (NYSE:LVLT) earned “Overweight” rating by Barclays Capital on Tuesday, October 18. Goldman Sachs maintained the shares of LVLT in a report on Friday, October 14 with “Buy” rating. Macquarie Research maintained Level 3 Communications, Inc. (NYSE:LVLT) rating on Tuesday, August 4. Macquarie Research has “Neutral” rating and $50 price target. As per Wednesday, August 24, the company rating was upgraded by Moffett Nathanson.

According to Zacks Investment Research, “Level 3 Communications is an international communications and information services company. The company operates one of the largest Internet backbones in the world, is one of the largest providers of wholesale dial-up service to ISPs in North America and is the primary provider of Internet connectivity for millions of broadband subscribers, through its cable and DSL partners. The company offers a wide range of communications services over its mile broadband fiber optic network including Internet Protocol services, broadband transport and infrastructure services, colocation services, and patented softswitch managed modem and voice services.”

Insitutional Activity: The institutional sentiment decreased to 1.14 in Q2 2016. Its down 0.42, from 1.56 in 2016Q1. The ratio dived, 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.
High Pointe Limited Liability reported 19,290 shares or 1.51% of all its holdings. First Quadrant Limited Partnership Ca reported 6,410 shares or 0.01% of all its holdings. Commonwealth Fincl Bank Of Australia has 1,768 shares for 0% of their US portfolio. Hallmark Mngmt Inc holds 0.01% of its portfolio in Level 3 Communications, Inc. (NYSE:LVLT) for 1,200 shares. Johnson Financial Gp has invested 0% of its portfolio in Level 3 Communications, Inc. (NYSE:LVLT). Archford Cap Strategies Limited Liability Corporation owns 1,289 shares or 0.03% of their US portfolio. Henderson Grp Inc Public Limited Liability Company reported 30,720 shares or 0.01% of all its holdings. Raymond James & Associate has 0.01% invested in the company for 66,551 shares. Boothbay Fund Mgmt Ltd Limited Liability Company owns 32,966 shares or 0.81% of their US portfolio. Us National Bank & Trust De reported 635,962 shares or 0.12% of all its holdings. Southeast Asset Advisors Inc last reported 21.04% of its portfolio in the stock. Cleararc Cap has invested 0.07% of its portfolio in Level 3 Communications, Inc. (NYSE:LVLT). Zimmer Limited Partnership accumulated 0.59% or 387,500 shares. Glenmede Na accumulated 1,169 shares or 0% of the stock. Rudman Errol M has invested 16.11% of its portfolio in Level 3 Communications, Inc. (NYSE:LVLT).

Insider Transactions: Since May 2, 2016, the stock had 0 buys, and 23 sales for $13.38 million net activity. Shares for $1.58 million were sold by PATEL SUNIT S on Friday, July 1. 5,000 shares with value of $259,669 were sold by ALONSO HECTOR on Monday, May 2. Crouch Andrew also sold $453,695 worth of Level 3 Communications, Inc. (NYSE:LVLT) shares. STOREY JEFFREY K had sold 60,557 shares worth $3.05M. Ryan John Michael also sold $297,682 worth of Level 3 Communications, Inc. (NYSE:LVLT) shares. On Friday, July 1 MORTENSEN ERIC sold $109,263 worth of the stock or 2,150 shares. PANG Laurinda Y sold $584,294 worth of stock or 11,570 shares.

Level 3 Communications, Inc. is a provider of a range of integrated communications services. The company has a market cap of $21.23 billion. The Company’s operating divisions include North America, EMEA and Latin America. It has a 5.79 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.

LVLT Company Profile

Level 3 Communications, Inc., incorporated on December 10, 1985, is a well-known provider of a range of integrated communications services. The Company’s operating divisions include North America, EMEA and Latin America. 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. The Europe segment includes activities in Basingstoke, England; Crewe, England; Dublin, Ireland; London, England; Naarden, The Netherlands, and Paris, France. The Latin America includes activities in Bogota, Colombia; Buenos Aires, Argentina; Caracas, Venezuela; Lima, Peru; Quito, Ecuador; Santiago, Chile, and Sao Paulo, Brazil. The Firm offers optical, Internet Protocol, computing and storage technologies.

More notable recent Level 3 Communications, Inc. (NYSE:LVLT) news were published by: Wsj.com which released: “CenturyLink to Buy Level 3 Communications for $25 Billion” on October 31, 2016, also Wsj.com with their article: “CenturyLink in Advanced Talks to Merge With Level 3 Communications” published on October 27, 2016, Schaeffersresearch.com published: “Buzz Stocks: Level 3 Communications, Inc., Baker Hughes Incorporated, and …” on October 31, 2016. More interesting news about Level 3 Communications, Inc. (NYSE:LVLT) were released by: Blogs.Wsj.com and their article: “Level 3 Communications Names Information and Technology Chiefs” published on October 12, 2016 as well as Businesswire.com‘s news article titled: “Level 3 Communications Inc. Shareholder Alert: Former SEC Attorney Willie …” with publication date: October 31, 2016.

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