$0.39 EPS Expected for Level 3 Communications, Inc. (LVLT)

July 18, 2017 - By reb123z

 $0.39 EPS Expected for Level 3 Communications, Inc. (LVLT)
Investors sentiment decreased to 0.96 in 2016 Q4. Its down 0.50, from 1.46 in 2016Q3. It worsened, as 66 investors sold Level 3 Communications, Inc. shares while 164 reduced holdings. 88 funds opened positions while 132 raised stakes. 361.70 million shares or 2.02% less from 369.18 million shares in 2016Q3 were reported.
Nordea Investment invested 0% in Level 3 Communications, Inc. (NYSE:LVLT). Cove Street Cap has 0.81% invested in Level 3 Communications, Inc. (NYSE:LVLT). Kanaly Com invested in 0% or 325 shares. Aperio Group Incorporated Ltd Liability Corporation holds 0.04% or 90,527 shares in its portfolio. Perella Weinberg Cap Mngmt Lp reported 0.71% stake. Peak6 Limited Partnership reported 48,250 shares stake. Reaves W H And Communication reported 200,695 shares. Cornerstone Advsrs holds 2,411 shares or 0.11% of its portfolio. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Investment Mngmt owns 300,000 shares for 0.15% of their portfolio. Bnp Paribas Arbitrage has invested 0.06% in Level 3 Communications, Inc. (NYSE:LVLT). Moreover, Lee Danner & Bass has 3.87% invested in Level 3 Communications, Inc. (NYSE:LVLT) for 583,228 shares. Calvert Inc accumulated 15,542 shares. Southeastern Asset Tn reported 15.2% stake. Brahman Cap Corporation holds 9.52% or 3.95M shares. Hap Trading Ltd Co holds 0.25% of its portfolio in Level 3 Communications, Inc. (NYSE:LVLT) for 87,353 shares.

Since February 1, 2017, it had 0 buys, and 13 sales for $9.69 million activity. $80,161 worth of stock was sold by MORTENSEN ERIC on Wednesday, February 1. Shares for $2.02 million were sold by STOREY JEFFREY K. ALONSO HECTOR had sold 5,292 shares worth $310,371 on Wednesday, February 1. 4,908 shares were sold by Ryan John Michael, worth $287,849 on Wednesday, February 1. Crouch Andrew also sold $553,998 worth of Level 3 Communications, Inc. (NYSE:LVLT) shares. PANG Laurinda Y had sold 10,723 shares worth $616,508. PATEL SUNIT S sold $1.52M worth of stock or 26,488 shares.

Investors wait Level 3 Communications, Inc. (NYSE:LVLT) to report on July, 26. its quarterly earnings Wall Street analysts expect $0.39 EPS, down $0.13 or 25.00 % from last year’s $0.52 same quarter earnings. This translates into $141.79M profit for LVLT giving the stock a 37.19 P/E. This is assuming the current $0.39 EPS is accurate. Level 3 Communications, Inc.’s Wall Street analysts see 14.71 % EPS growth, taking into account the $0.34 EPS reproted in the previous quarter, The stock decreased 0.19% or $0.11 during the last trading session, reaching $58.01. About 1.08M shares traded. Level 3 Communications, Inc. (NYSE:LVLT) has risen 15.09% since July 18, 2016 and is uptrending. It has underperformed by 1.61% the S&P500.

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

Among 18 analysts covering Level 3 (NYSE:LVLT), 5 have Buy rating, 1 Sell and 12 Hold. Therefore 28% are positive. Level 3 had 30 analyst reports since July 30, 2015 according to SRatingsIntel. As per Thursday, July 30, the company rating was maintained by Canaccord Genuity. As per Tuesday, October 18, the company rating was initiated by Barclays Capital. The firm has “Hold” rating given on Thursday, May 25 by RBC Capital Markets. The stock of Level 3 Communications, Inc. (NYSE:LVLT) has “Mkt Perform” rating given on Tuesday, November 1 by FBR Capital. The stock of Level 3 Communications, Inc. (NYSE:LVLT) has “Outperform” rating given on Tuesday, September 22 by RBC Capital Markets. The firm has “Buy” rating given on Friday, October 14 by Goldman Sachs. The rating was downgraded by BTIG Research to “Neutral” on Tuesday, November 1. The rating was downgraded by Cowen & Co to “Market Perform” on Tuesday, November 1. RBC Capital Markets downgraded Level 3 Communications, Inc. (NYSE:LVLT) on Tuesday, November 1 to “Sector Perform” rating. The rating was upgraded by Oppenheimer to “Outperform” on Friday, October 28.

Level 3 Communications, Inc. is a provider of a range of integrated communications services. The company has market cap of $21.09 billion. The Company’s operating divisions include North America, EMEA and Latin America. It has a 32.66 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.

More notable recent Level 3 Communications, Inc. (NYSE:LVLT) news were published by: Nasdaq.com which released: “Commit To Purchase Level 3 Communications At $55, Earn 4.4% Using Options” on June 27, 2017, also Bizjournals.com with their article: “CenturyLink accused of unethical sales techniques; Level 3 shares dragged down” published on June 19, 2017, Gurufocus.com published: “Havens Advisors Llc Buys Alere Inc, Level 3 Communications Inc, Akorn Inc …” on July 12, 2017. More interesting news about Level 3 Communications, Inc. (NYSE:LVLT) were released by: Denverpost.com and their article: “Colorado approves Level 3’s purchase by CenturyLink” published on July 10, 2017 as well as Nasdaq.com‘s news article titled: “Why Should Investors Dump Level 3 Communications Stock?” with publication date: July 06, 2017.

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