Morgan Stanley Upgrades Level 3 Communications (LVLT) to Overweight
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Price: $53.63 --0%
Rating Summary:
14 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
14 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Morgan Stanley upgraded Level 3 Communications (NYSE: LVLT) from Equal Weight to Overweight with a $31 price target.
The firm sees accelerating revenue growth due to strong secular demand for connectivity and the company's expanded footprint and capabilities due to the Global Crossing acquisition. They also cited strong margin expansion and controlled capital spending levels.
For an analyst ratings summary and ratings history on Level 3 Communications click here. For more ratings news on Level 3 Communications click here.
Shares of Level 3 Communications closed at $20.89 yesterday.
The firm sees accelerating revenue growth due to strong secular demand for connectivity and the company's expanded footprint and capabilities due to the Global Crossing acquisition. They also cited strong margin expansion and controlled capital spending levels.
For an analyst ratings summary and ratings history on Level 3 Communications click here. For more ratings news on Level 3 Communications click here.
Shares of Level 3 Communications closed at $20.89 yesterday.
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