NEW YORK (TheStreet) -- TheStreet's Jim Cramer says Level 3 Communications (LVLT) 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 Netflix, Inc. Report because not everything can go through Akamai (AKAM) - Get Akamai Technologies, Inc. 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
LVLT data by YCharts
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.