NEW YORK (
) is trading at unusually high volume Wednesday with 7.8 million shares changing hands. It is currently at 4.1 times its average daily volume and trading down $1.99 (-9.8%) at $18.43 as of 3:59 p.m. ET.
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Level three has a market cap of $4.51 billion and is part of the
industry. Shares are up 20.2% year to date as of the close of trading on Tuesday.
Level three Communications, Inc., together with its subsidiaries, operates as a facilities-based provider of a range of communications services primarily in North America, Europe, and rest of Latin America. It operates through two segments, Level three and Global Crossing.
TheStreet Ratings rates Level three as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including generally poor debt management and a generally disappointing performance in the stock itself. You can view the full
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