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Why Jim Cramer Likes Level 3 Communications (LVLT) Stock More After Time Warner Telecom (TWTC) Deal

NEW YORK (TheStreet) -- TheStreet's Jim Cramer says Level 3 Communications (LVLT - Get Report) has come back from the dead, but he reminds investors that the company recently had a split, so the price has not always been where it is now.

Cramer notes Level 3 and Time Warner Telecom (TWTC) are both content delivery systems, and he says companies do a lot of these deals to get the overflow of Netflix (NFLX - Get Report) because not everything can go through Akamai (AKAM - Get Report). The more fiber pipe necessary to send through movies and television shows, the more Cramer likes Level 3.

This deal makes Cramer like Level 3 even more and he recommends buying the stock. 

Must Watch: Jim Cramer Likes Level 3 Even More After Time Warner Telecom Deal

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LVLT Chart

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STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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SYM TRADE IT LAST %CHG
AKAM $72.58 -0.93%
LVLT $44.96 -1.47%
NFLX $98.79 -2.25%
TWTC $42.78 2.42%
AAPL $109.27 -1.00%

Markets

Chart of I:DJI
DOW 16,102.38 -272.38 -1.66%
S&P 500 1,921.22 -29.91 -1.53%
NASDAQ 4,683.9190 -49.5780 -1.05%

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