Shares of Level 3 Communications, Inc. (LVLT) Sees Large Inflow of Net Money Flow

Level 3 Communications, Inc. (LVLT) dropped -0.58% or -0.35 points to trade at $59.11 per share. As per the latest trading data available, the net money flow stood at $11.19 million as the shares received $28.24 million in upticks and gave away $17.04 million in downticks. The final up/down ratio was at 1.66. On a weekly basis, the stock has seen a change of -0.83%.During the course of the session, the shares witnessed a block trade with an up/down ratio of 0. $11.11 million was the inflow in upticks and $0 million was the outflow in downticks. For the block trade, the net money flow was $11.11 million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Level 3 Communications, Inc. has dropped 0.15% in the last five trading days, however, the shares have posted positive gains of 4.88% in the last 4 weeks. Level 3 Communications, Inc. is up 5.27% in the last 3-month period. Year-to-Date the stock performance stands at 4.88%. Level 3 Communications, Inc. (NYSE:LVLT) witnessed a decline in the market cap on Wednesday as its shares dropped 0.59% or 0.35 points. After the session commenced at $59.7, the stock reached the higher end at $60.125 while it hit a low of $58.97. With the volume soaring to 2,455,212 shares, the last trade was called at $59.11. The company has a 52-week high of $60.125. The company has a market cap of $21,275 million and there are 359,925,520 shares in outstanding. The 52-week low of the share price is $41.73.

Company has reported several Insider transactions to the SEC, on Jan 6, 2017, Andrew Crouch (Regional President, EMEA) sold 312 shares at 58.72 per share price.On Oct 31, 2016, Hector Alonso (Regional President, Latin Amer) sold 10,000 shares at 56.78 per share price.On Oct 28, 2016, Jeffrey K Storey (President and CEO) sold 20,000 shares at 51.00 per share price.

Level 3 Communications Last issued its quarterly earnings results on Oct 31, 2016. The company reported $0.40 EPS for the quarter, missing the analyst consensus estimate by $ -0.01. Analyst had a consensus of $0.41. The company had revenue of $2033.00 million for the quarter, compared to analysts expectations of $2069.29 million. The companys revenue was down -1.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.48 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Level 3 Communications was Initiated by SunTrust to Hold on Dec 13, 2016. Level 3 Communications was Downgraded by MoffettNathanson to Neutral on Nov 22, 2016. Company shares were Downgraded by Barclays on Nov 16, 2016 to Equal Weight, Raises Price Target to $ 57 from a previous price target of $54 .

Level 3 Communications is an international communications and information services company. The company operates one of the largest Internet backbones in the world, is one of the largest providers of wholesale dial-up service to ISPs in North America and is the primary provider of Internet connectivity for millions of broadband subscribers, through its cable and DSL partners. The company offers a wide range of communications services over its mile broadband fiber optic network including Internet Protocol services, broadband transport and infrastructure services, colocation services, and patented softswitch managed modem and voice services.

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