Level 3 Communications Inc (NYSE:LVLT) 2017 Q3 Institutional Investor Sentiment Steady

December 28, 2017 - By Stephen Andrade

 Level 3 Communications Inc (NYSE:LVLT)  2017 Q3 Institutional Investor Sentiment Steady

Sentiment for Level 3 Communications Inc (NYSE:LVLT)

Level 3 Communications Inc (NYSE:LVLT) institutional sentiment increased to 1.1 in 2017 Q3. Its up 0.11, from 0.99 in 2017Q2. The ratio increased, as 181 investment managers started new or increased stock positions, while 165 sold and reduced their holdings in Level 3 Communications Inc. The investment managers in our partner’s database now own: 358.48 million shares, up from 349.71 million shares in 2017Q2. Also, the number of investment managers holding Level 3 Communications Inc in their top 10 stock positions decreased from 34 to 31 for a decrease of 3. Sold All: 41 Reduced: 124 Increased: 143 New Position: 38.

Level 3 Communications, Inc., together with its subsidiaries, operates as a facilities well-known provider of a range of integrated communications services. The company has market cap of $19.45 billion. It operates through North America, EMEA, and Latin America divisions. It has a 30.51 P/E ratio. The firm offers Internet protocol and data services comprising Internet services, virtual private network, content delivery network, media delivery, Vyvx broadcast, managed, Ethernet, cloud and IT, and cloud connect solutions, as well as Communications as a Service.

It closed at $53.63 lastly. It is down 15.09% since December 28, 2016 and is uptrending. It has underperformed by 1.61% the S&P500.

Singapore Technologies Telemedia Pte Ltd holds 99.19% of its portfolio in Level 3 Communications, Inc. for 65.03 million shares. Temasek Holdings (Private) Ltd owns 65.03 million shares or 20.18% of their US portfolio. Moreover, Southeastern Asset Management Inc Tn has 17.8% invested in the company for 27.78 million shares. The Illinois-based West Family Investments Inc. has invested 11.45% in the stock. Glazer Capital Llc, a New York-based fund reported 1.90 million shares.#img1#

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

Ratings analysis reveals 28% of Level 3’s analysts are positive. Out of 18 Wall Street analysts rating Level 3, 5 give it “Buy”, 1 “Sell” rating, while 12 recommend “Hold”. The lowest target is $50 while the high is $66.50. The stock’s average target of $59.17 is 10.33% above today’s ($53.63) share price. LVLT was included in 33 notes of analysts from July 30, 2015. The rating was initiated by RBC Capital Markets with “Outperform” on Tuesday, September 22. Barclays Capital downgraded Level 3 Communications, Inc. (NYSE:LVLT) rating on Wednesday, November 16. Barclays Capital has “Equal Weight” rating and $57 target. The rating was maintained by FBR Capital on Tuesday, November 1 with “Mkt Perform”. The stock has “Neutral” rating by Bank of America on Friday, April 29. The stock of Level 3 Communications, Inc. (NYSE:LVLT) has “Hold” rating given on Sunday, September 17 by RBC Capital Markets. The firm has “Equal-Weight” rating given on Wednesday, March 29 by Morgan Stanley. RBC Capital Markets downgraded Level 3 Communications, Inc. (NYSE:LVLT) rating on Tuesday, November 1. RBC Capital Markets has “Sector Perform” rating and $63 target. The firm earned “Underperform” rating on Monday, May 15 by Raymond James. Jefferies downgraded the shares of LVLT in report on Tuesday, November 1 to “Hold” rating. The stock of Level 3 Communications, Inc. (NYSE:LVLT) has “Neutral” rating given on Tuesday, August 4 by Macquarie Research.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter: