Level 3 (LVLT) options active on WSJ report of advanced merger talks with CenturyLink (CTL)

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UPDATE: Oppenheimer Upgrades Level 3 Communications (LVLT) to Outperform

October 28, 2016 7:20 AM EDT

(Updated - October 28, 2016 9:40 AM EDT)

Oppenheimer upgraded Level 3 Communications (NYSE: LVLT) from Perform to Outperform with a price target of $60. Analyst Timothy Horan thinks a deal with CenturyLink (NYSE: CTL) would be attractive.

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