Level 3 Communications Inc. (LVLT) Rises 2.52% for October 03

Equities Staff  |

Among the biggest risers on the S&P 500 on Tuesday October 03 was Level 3 Communications Inc. ($LVLT), popping some 2.52% to a price of $55.30 a share with some 3.25 million shares trading hands.

Starting the day trading at $54.55, Level 3 Communications Inc. reached an intraday high of $55.33 and hit intraday lows of $53.64. Shares gained $1.36 apiece by day’s end. Over the last 90 days, the stock’s average daily volume has been 2.2 million of its 362.69 million share total float. Today’s action puts the stock’s 50-day SMA at $54.90 and 200-day SMA at $57.78 with a 52-week range of $44.01 to $64.61.

Level 3 Communications Inc is a facility based provider of a range of integrated communications services that owns or leases a substantial portion of the plant, property and equipment necessary to provide its services.

Level 3 Communications Inc. has its corporate headquarters located in Broomfield, CO and employs 12,600 people. Its market cap has now risen to $20.06 billion after today’s trading, its P/E ratio is now 30.6, its P/S 3.19, P/B 1.77, and P/FCF 29.9.

You can find a complete fundamental analysis of this stock at our For a complete fundamental analysis analysis of Level 3 Communications Inc., check out Stock Valuation Analysis tool for LVLT.

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The Dow Jones Industrial Average (DJIA) is the most visible stock index in the United States, but that doesn’t make it the best. In fact, the industry standard for market watchers and institutional investors in gauging portfolio performance is the S&P 500.

The DJIA relies on just 30 stocks as a sample of large- and mega-cap firms, dwarfed by the 500 contained in the S&P 500, and it also weights its returns using an outdated and flawed price-weighting method. The S&P 500’s weighting is based on market cap, making it a much better representation of actual market performance for large- and mega-cap stocks.

To get more information on Level 3 Communications Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: LVLT’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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