Level 3 Communications, Inc. (LVLT) was a big mover last session, with shares rising over 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company as the stock is now trading above the past one month’s volatile price range of $42.23 to $44.09.
This provider of integrated communications services has seen a mixed track record when it comes to estimate revisions of 7 increases and 1 decrease over the last 60 days.
Meanwhile, the Zacks Consensus Estimate has moved considerably higher over the same period. This implies solid trading potential for the company. So make sure to keep an eye on this stock going forward to see if yesterday’s rally can turn into more strength down the road.
Level 3 Communications currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.
Investors interested in the Communications Services industry may also consider stocks like Singapore Telecommunications Limited (SGAPY), BT Group plc (BT) and TalkTalk Telecom Group PLC (TKTCY). While Singapore Telecommunications sports a Zacks Rank #1 (Strong Buy), BT Group and TalkTalk Telecom Group hold the same Zacks Rank as LVLT.
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LEVEL 3 COMMUNICATIONS INC (LVLT): Free Stock Analysis Report
SINGAPORE TELE ADR (SGAPY): Free Stock Analysis Report
BT GROUP PLC (BT): Free Stock Analysis Report
TALKTALK TELECOM GRO (TKTCY): Free Stock Analysis Report
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