Look for Shares of Level 3 Communications to Potentially Rebound after Yesterday's 1.56% Sell Off
Comtex SmarTrend(R) - Mon Aug 01, 2:33PM CDT
Level 3 Communications (NYSE:LVLT) traded in a range yesterday that spanned from a low of $49.80 to a high of $50.78. Yesterday, the shares fell 1.6%, which took the trading range below the 3-day low of $50.13 on volume of 1.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
LVLT: 49.01 (+0.19)
Stock Market News for July 29, 2016
Zacks Equity Research - Zacks Investment Research - Fri Jul 29, 9:10AM CDT
Despite decline in energy stocks, benchmarks ended mostly in the green on Thursday on the back of gains in major tech companies.
AMZN: 754.12 (-6.46), F: 12.12 (+0.18), FB: 122.56 (-0.53), XOM: 87.01 (-0.03), HP: 62.78 (+1.05), SLB: 79.18 (+0.29), T: 43.01 (-0.15), LVLT: 49.01 (+0.19), RDS.A: 49.54 (-0.17), MUR: 26.39 (+0.66), GOOGL: 794.22 (-5.90), WMB: 25.94 (+1.98), CVX: 100.41 (+0.82), VZ: 53.75 (-0.25), AAPL: 105.47 (+0.99), APC: 52.46 (+0.83)
Downgrade Alert for Level 3 Communications (LVLT)
Comtex SmarTrend(R) - Fri Jul 29, 4:03AM CDT
Level 3 Communications (NYSE:LVLT) was downgraded from Overweight to Neutral at JP Morgan today. The stock closed yesterday at $50.88 on volume of 4.9 million shares, above average daily volume of 2.0 million. Level 3 Communications (NYSE:LVLT) has potential upside of 18.1% based on a current price of $50.89 and analysts' consensus price target of $60.08. The stock should find resistance at its 50-day moving average (MA) of $52.01, as well as support at its 200-day MA of $49.42.
LVLT: 49.01 (+0.19)
Telecom Stock Roundup: Comcast, T-Mobile US and Sprint Post Strong Q2, Mixed Bag for AT&T and Verizon
Zacks Equity Research - Zacks Investment Research - Thu Jul 28, 5:03PM CDT
Last week was all about earnings in the telecom sector. Several major sector participants revealed their second-quarter 2016 financial numbers.
RCI: 43.32 (-0.26), T: 43.01 (-0.15), CCI: 96.54 (-0.32), YHOO: 38.37 (-0.20), LVLT: 49.01 (+0.19), S: 6.06 (+0.10), TMUS: 46.70 (-0.11), CMCSA: 66.65 (-0.25), VZ: 53.75 (-0.25), DISH: 50.94 (+1.75)
Akamai Technologies (AKAM) Lags on Q2 Earnings, Sales
Zacks Equity Research - Zacks Investment Research - Wed Jul 27, 3:00PM CDT
Akamai Technologies Inc. (AKAM) reported lower-than-expected second-quarter 2016 earnings and revenue numbers.
LVLT: 49.01 (+0.19), LLNW: 1.70 (+0.01), AKAM: 49.51 (-0.45), MEET: 7.38 (+0.39)
Watch for Level 3 Communications to Potentially Rebound After Falling 5.61% Yesterday
Comtex SmarTrend(R) - Wed Jul 27, 12:19PM CDT
Level 3 Communications (NYSE:LVLT) traded in a range yesterday that spanned from a low of $51.96 to a high of $54.50. Yesterday, the shares fell 5.6%, which took the trading range below the 3-day low of $55.77 on volume of 5.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
LVLT: 49.01 (+0.19)
Level 3 Communications (LVLT) Beats on Earnings in Q2
Zacks Equity Research - Zacks Investment Research - Wed Jul 27, 10:50AM CDT
Level 3 Communications Inc. (LVLT) reported mixed financial results in the second quarter of 2016 wherein the top line missed the Zacks Consensus Estimate while the bottom line outpaced the same.
T: 43.01 (-0.15), AMX: 11.48 (-0.05), LVLT: 49.01 (+0.19), VZ: 53.75 (-0.25)
Level 3 Communications (LVLT) Tops Q2 Earnings Estimate
Zacks Equity Research - Zacks Investment Research - Wed Jul 27, 8:05AM CDT
Level 3 Communications Inc. (LVLT) operates in a highly competitive enterprise communications market.
LVLT: 49.01 (+0.19)
Level 3 Reports Second Quarter 2016 Results
PR Newswire - Wed Jul 27, 5:50AM CDT
Level 3 Communications, Inc. (NYSE: LVLT) today reported results for the second quarter 2016.
LVLT: 49.01 (+0.19)
2016 Democratic National Convention Selects Level 3 as an Official Video Transport Services Provider
PR Newswire - Tue Jul 19, 7:00AM CDT
Level 3 Communications, Inc. (NYSE: LVLT) has been selected by the Democratic National Convention Committee (DNCC) to serve as an Official Video Transport Services Provider for the 2016 Democratic National Convention (DNC) in Philadelphia from July 25-28. Level 3 will provide a portfolio of Vyvx broadcast services to enable seamless support of this event from the Wells Fargo Center.
LVLT: 49.01 (+0.19)
Equinix to Tap EMEA Region with New IBX in Amsterdam
Zacks Equity Research - Zacks Investment Research - Thu Jul 14, 8:56AM CDT
Keeping with its strategy to expand its footprints across different geographies, Equinix Inc. (EQIX) recently announced its plan to build a new International Business Exchange (IBX) in Amsterdam.
T: 43.01 (-0.15), AMZN: 754.12 (-6.46), LVLT: 49.01 (+0.19), EQIX: 371.79 (-1.67)
Is Level 3 Communications Up for Strategic M&A or Buyout?
Zacks Equity Research - Zacks Investment Research - Thu Jul 14, 7:10AM CDT
Level 3 Communications Inc. (LVLT), is supposedly looking for strategic alternatives to maximize its shareholders' value.
T: 43.01 (-0.15), CCI: 96.54 (-0.32), LVLT: 49.01 (+0.19), GOOGL: 794.22 (-5.90), CMCSA: 66.65 (-0.25), VZ: 53.75 (-0.25)
Level 3 Hosts Colorado Governor John Hickenlooper at its São Paulo, Brazil Data Center
PR Newswire - Thu Jun 23, 7:00AM CDT
United States Governor John Hickenlooper, Colorado, visited Level 3 Communications, Inc.'s (NYSE: LVLT) data center facility in São Paulo, Brazil. The focus of his visit was to learn more about Colorado-based Level 3's cybersecurity services and innovations. The Governor toured Level 3's data center, Network Operations Center and Distributed Denial of Service (DDoS) scrubbing center in Cotia, São Paulo. Governor Hickenlooper has expressed his intent to make Colorado a model for best practices in cybersecurity.
LVLT: 49.01 (+0.19)
Virtual Reality Will Play an Important Role in OTT Video
PR Newswire Europe - Tue Jun 14, 7:01AM CDT
Level 3, Streaming Media and Unisphere Study Reveals 67 Percent of OTT Companies Believe Virtual Reality is a Lasting Technology
LVLT: 49.01 (+0.19)
Telecom Stock Roundup: T-Mobile US to Give Away Shares & Freebies to Customers, Verizon Makes Second Bid for Yahoo
Zacks Equity Research - Zacks Investment Research - Thu Jun 09, 4:36PM CDT
Last week has been pretty eventful for the telecom industry.
T: 43.01 (-0.15), YHOO: 38.37 (-0.20), LVLT: 49.01 (+0.19), ERIC: 7.18 (-0.08), S: 6.06 (+0.10), TMUS: 46.70 (-0.11), CMCSA: 66.65 (-0.25), VZ: 53.75 (-0.25), NOK: 5.62 (+0.01)
AT&T (T) Expansion Plans on Track, 400G Prospects Bright
Zacks Equity Research - Zacks Investment Research - Thu Jun 09, 8:52AM CDT
AT&T (T) has had a solid run so far in the U.S Ethernet market, thanks to the company's extensive Ethernet footprint expansion.
T: 43.01 (-0.15), LVLT: 49.01 (+0.19), CMCSA: 66.65 (-0.25), CTL: 30.41 (-0.18)
Level 3 Communications to Shut Down Legacy Voice Service
Zacks Equity Research - Zacks Investment Research - Wed Jun 08, 8:56AM CDT
Level 3 Communications Inc. (LVLT) has sought permission from the FCC to discontinue its legacy voice services based on outdated TDM technology.
LVLT: 49.01 (+0.19), S: 6.06 (+0.10), BT: 27.52 (+0.31), VZ: 53.75 (-0.25), ORAN: 15.22 (-0.01)
Level 3 Awarded Extension on GSA's Networx Enterprise Contract
PR Newswire - Wed Jun 01, 7:00AM CDT
Level 3 Communications (NYSE: LVLT) today announced the General Services Administration (GSA) has awarded the company an extension on its Networx Enterprise contract. The contract allows Level 3 to bid on and deliver telecommunications solutions to support the GSA's goal of providing federal agencies access to a broad range of domestic and international network services.
LVLT: 49.01 (+0.19)