Level Three Rises On Unusually High Volume (LVLT)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Level three Communications (NYSE: LVLT) is trading at unusually high volume Wednesday with 3.9 million shares changing hands. It is currently at two times its average daily volume and trading up $1.20 (+5.2%) at $24.41 as of 1:46 p.m. ET.

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Level three has a market cap of $5.01 billion and is part of the technology sector and telecommunications industry. Shares are up 0.4% 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 integrated communications services primarily in North America, Latin America, and Europe.

TheStreet Ratings rates Level three as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and a generally disappointing performance in the stock itself. You can view the full Level three Ratings Report.

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