Level 3 Reports First Quarter 2016 Results

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BofA/Merrill Lynch Downgrades Level 3 Communications (LVLT) to Neutral

April 29, 2016 6:52 AM EDT

BofA/Merrill Lynch downgraded Level 3 Communications (NYSE: LVLT) from Buy to Neutral.

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 $54.20 yesterday.

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Level 3 Communications (LVLT) Misses Q1 EPS by 8c

April 28, 2016 6:55 AM EDT

Level 3 Communications (NYSE: LVLT) reported Q1 EPS of $0.35, $0.08 worse than the analyst estimate of $0.43. Revenue for the quarter came in at $2.05 billion versus the consensus estimate of $2.08 billion.

"Level 3's first quarter results demonstrate the benefit of our emphasis on profitable... More