Canaccord Genuity Starts Level 3 Communications (LVLT) at Hold; Mistaken Investors
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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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Canaccord Genuity initiates coverage on Level 3 Communications (NASDAQ: LVLT) with a Hold. PT $25.50.
Analyst, Greg Miller, said, "We do not believe LVLT is once again on the cusp of a material improvement in operations that will result in accelerated revenue growth, sustainable margin improvements or multiple expansion. For more than a decade, investors have mistakenly held the belief that fundamental improvements, largely through acquisition, would lead to dramatic improvements in the company’s FCF generation...We believe 2012 will likely be a carbon copy of the past decade. With the stock up 50% YTD, any shortfall should pressure shares."
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 $1.55 yesterday.
Analyst, Greg Miller, said, "We do not believe LVLT is once again on the cusp of a material improvement in operations that will result in accelerated revenue growth, sustainable margin improvements or multiple expansion. For more than a decade, investors have mistakenly held the belief that fundamental improvements, largely through acquisition, would lead to dramatic improvements in the company’s FCF generation...We believe 2012 will likely be a carbon copy of the past decade. With the stock up 50% YTD, any shortfall should pressure shares."
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 $1.55 yesterday.
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