Level 3 Communications (LVLT) Tops Q3 EPS by 2c
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Level 3 Communications (LVLT) International Traction Pushes In-Line 3Q; FBR Capital Raises Price Target to $56
October 29, 2015 7:49 AM EDTFBR Capital reiterated a Market Perform rating on Level 3 Communications (NYSE: LVLT), and raised the price target to $56.00 (from $55.00), following the company's 3Q results. Consolidated revenue of $2.1B was in line with the Street's estimates. Adjusted EBITDA of $657.0M were slightly below the consensus expectation of $661.9M.
Analyst David Dixon commented, "Increased investments in network capacity appear to be bearing... More
