Level Three Stock Gaps Down On Today's Open (LVLT)

NEW YORK ( TheStreet) -- Shares of Level three Communications (Nasdaq: LVLT) were gapping down Monday morning with an open price 10.8% lower than Friday's closing price. The stock closed at $1.95 Friday and opened today's trading at $1.74.

The average volume for Level three has been 41.8 million shares per day over the past 30 days. Level three has a market cap of $3.7 billion and is part of the technology sector and telecommunications industry. Shares are up 99% year to date as of the close of trading on Friday.

Level three Communications, Inc. engages in the communications business in North America and Europe.

TheStreet Ratings rates Level three as a sell. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income and feeble growth in its earnings per share. You can view the full Level three Ratings Report.

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