Stanford Upgrades Level 3 (LVLT) to Hold
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Stanford Group upgrades Level 3 Communications (Nasdaq: LVLT) from Sell to Hold.
The firm's upgrade follows Level 3's Q4 earnings report, which was released this morning. Level 3 saw a Q4 loss of $0.03, which came in better than the Street's estimate for an $0.08 loss.
After initially trading up as much as 20% earlier, shares of Level 3 have now sold-off and are currently down more than 6% to $0.931.
Level 3 Communications, Inc. engages in the communications business in North America and Europe.
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