Level Three Communications Inc (LVLT): Today's Featured Telecommunications Loser

Level three Communications ( LVLT) pushed the Telecommunications industry lower today making it today's featured Telecommunications loser. The industry as a whole closed the day up 1%. By the end of trading, Level three Communications fell 11 cents (-0.5%) to $21.51 on light volume. Throughout the day, 460,951 shares of Level three Communications exchanged hands as compared to its average daily volume of 2.2 million shares. The stock ranged in price between $21.32-$21.77 after having opened the day at $21.49 as compared to the previous trading day's close of $21.62. Other company's within the Telecommunications industry that declined today were: Technical Communications ( TCCO), down 4.3%, Glowpoint ( GLOW), down 4.1%, Wireless Telecom Group ( WTT), down 4.1%, and Alaska Communications Systems Group ( ALSK), down 3.7%.

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. Level three Communications has a market cap of $4.79 billion and is part of the technology sector. Shares are up 30.4% year to date as of the close of trading on Monday. Currently there are five analysts that rate Level three Communications a buy, no analysts rate it a sell, and eight rate it a hold.

TheStreet Ratings rates Level three Communications as a hold. 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.

On the positive front, Ambient Corporation ( AMBT), up 10.8%, Ubiquiti Networks ( UBNT), up 9.6%, Schawk ( SGK), up 9%, and TeleCommunication Systems ( TSYS), up 6.5%, were all gainers within the telecommunications industry with America Movil S.A.B. de C.V ( AMX) being today's featured telecommunications industry winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the telecommunications industry could consider iShares Dow Jones US Telecom ( IYZ) while those bearish on the telecommunications industry could consider ProShares Ult Sht Telecommunication ( TLL).

null

More from Markets

Global Stocks Hold Gains as North Korea Response on Talks Soothes Nerves

Global Stocks Hold Gains as North Korea Response on Talks Soothes Nerves

Canopy Growth Lets Down Eager Pot Investors; PayPal Keeps Dominating -- ICYMI

Canopy Growth Lets Down Eager Pot Investors; PayPal Keeps Dominating -- ICYMI

Dow, S&P 500 and Nasdaq Tumble After Trump Calls Off North Korea Summit

Dow, S&P 500 and Nasdaq Tumble After Trump Calls Off North Korea Summit

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

3 Must Reads on the Market From TheStreet's Top Columnists

3 Must Reads on the Market From TheStreet's Top Columnists