Level 3 Rating Increased to Market Perform at Raymond James (LVLT)

Raymond James upgraded shares of Level 3 (NASDAQ: LVLT) to a market perform rating in a research note issued to investors on Friday.

Raymond James has also updated their ratings on a number of other technology stocks in the last week. The firm raised its price target on shares of American Tower Corporation from $84.00 to $86.00. They have an outperform rating on that stock.

Shares of Level 3 opened at 21.26 on Friday. Level 3 has a one year low of $16.36 and a one year high of $27.99. The stock’s 50-day moving average is currently $22.24. The company’s market cap is $4.653 billion.

Other equities research analysts have also recently issued reports about the stock. Analysts at Canaccord Genuity cut their EPS estimates on shares of Level 3 in a research note on Wednesday. They now have a hold rating and a $16.00 price target on the stock. They previously had a $17.00 price target on the stock. Separately, analysts at DA Davidson downgraded shares of Level 3 from a buy rating to a neutral rating in a research note to investors on Wednesday, January 9th. They now have a $25.00 price target on the stock. Finally, analysts at Pivotal Research initiated coverage on shares of Level 3 in a research note to investors on Thursday, January 3rd. They set a buy rating and a $30.00 price target on the stock.

Four research analysts have rated the stock with a buy rating, and eleven have given a hold rating to the company’s stock. Level 3 has an average rating of overweight and an average target price of $24.20.

Level 3 Communications, Inc. (Level 3) is engaged in the communications business. The Company is a facilities based provider of a range of integrated communications services.

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