LVLT posts
FeedPosted Oct 28th 2009 4:00PM by Jon Ogg (RSS feed)
Filed under: CIT Group (CIT), Palm Inc (PALM)

Maybe it was the dollar rising earlier, maybe it was poor housing data from a
drop in new home sales. Maybe they wanted more than a
marginally positive durable goods reading. Maybe it was that
oil inventory is back up. And then there is the notion that stocks have just gotten too far ahead of themselves and there were reports of a large strategist cutting GDP targets. But investors sold religiously today ahead of tomorrow's GDP figure.
Here were today's closing bell levels:
Dow 9,762.69 -119.48 (-1.21%)
S&P 500 1,042.63 -20.78 (-1.95%)
Nasdaq 2,059.61 -56.48 (-2.67%)
Top 10 Analyst CallsTop Day Trader AlertsContinue reading Closing Bell: The big giveback (ADUS, CIT, GRMN, ILMN, LVLT, PALM)
Posted Jul 31st 2009 11:30AM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Cisco Systems (CSCO), Motorola (MOT), Walt Disney (DIS), Analyst initiations
Analyst upgrades:
- Morgan Keegan upgraded Motorola (NYSE: MOT) to Outperform from Market Perform due to the increased visibility of Android-based launches, as well as the stock's valuation.
- OfficeMax (NYSE: OMX) was upgraded to Buy from Hold by Citigroup, which cited the company's stabilizing sales trend, accelerating share gains, and valuation.
- Kaufman Bros. upgraded iRobot (NASDAQ: IRBT) to Buy from Hold on valuation.
- Cancaccord upgraded Rio Tinto (NYSE: RTP) to Buy from Hold citing the turnaround in the aluminum business and its exposure to copper.
- Wells Fargo upgraded Smith & Nephew (NYSE: SNN) to Market Perform from Underperform.
- BT Group (NYSE: BT) was upgraded to Neutral from Reduce by Nomura.
- Societe Generale raised L'Oreal (OTC: LRLCY) to Buy from Sell.
- Franklin Resources (NYSE: BEN) was upgraded to Buy from Hold by Sandler O'Neill.
Continue reading Analyst upgrades, downgrades and initiations: DIS, CSCO, K, MOT, OMX, RTP ...
Posted Jul 30th 2009 1:00PM by Elizabeth Harrow (RSS feed)
Filed under: Earnings reports, Level 3 Communications (LVLT)
This morning, Level 3 Communications Inc. (NASDAQ: LVLT) confessed to a second-quarter loss of $134 million, or 8 cents per share, roughly tripling its year-ago loss of $42 million, or 3 cents per share. Revenue for the period slipped 12% to $942 million. The results were mixed, as far as analysts' expectations were concerned; Wall Street was looking for a slightly wider quarterly loss of 9 cents per share on more robust revenue of $959.4 million.
"The economy continued to be challenging in the second quarter for wireline service providers," said James Crowe, the company's CEO. "As expected, sequential revenue pressure continued in the second quarter, although at a significantly moderated rate. We did see improvements in sales and churn, however, they were not as much as we expected."
Continue reading Level 3 Communications stumbles after slashing guidance
Posted Jul 20th 2009 12:00PM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Allergan (AGN), Palm Inc (PALM), Tyson Foods'A' (TSN), Dow Chemical (DOW), Texas Instruments (TXN), Analyst initiations, Marvel Entertainment (MVL)
Analyst upgrades:
- Citigroup upgraded Allergan (NYSE: AGN) to Buy from Hold to reflect increased estimates for Botox and its belief Latisse guidance looks conservative. The firm raised its target on shares to $57 from $45.
- Jefferies upgraded Texas Instruments (TXN) to Hold from Underperform after channel checks indicated business is strengthening. Jefferies believes Texas Instruments' September quarter guidance will come in better than expected and raised its target on shares to 23 from $16.
- FBR Capital upgraded Peabody Energy (BTU) to Outperform from Market Perform to reflect "strong" long-term steel and steam demand trends from China and India. The firm raised its target on shares to $44 from $36.
- Elan Corp (ELN) was upgraded to Buy from Neutral at UBS.
- Affymetrix (AFFX) was upgraded to Equal Weight from Underweight at Morgan Stanley.
- ASML Holding (ASML) was upgraded to Buy from Neutral at BofA/Merrill.
Continue reading Analyst upgrades, downgrades and initiations: AGN, TXN, ELN, PALM, DOW
Posted May 29th 2009 11:20AM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Morgan Stanley (MS), News Corp'B' (NWS), QUALCOMM Inc (QCOM), Burger King Hldgs (BKC), Analyst initiations, Level 3 Communications (LVLT)
Analyst upgrades:
- Keefe Bruyette upgraded Morgan Stanley (NYSE: MS) to Outperform from market Perform after transferring coverage to a new analyst. The firm expects Morgan to benefit from the pending joint venture with Smith Barney and improvements in its operating environment.
- FBR Capital upgraded Winn-Dixie (NASDAQ: WINN) to Outperform from Market Perform as it believes the company is executing well and shares are cheap at current levels. The firm keeps a $16.50 target on the stock.
- Baird believes Polaris's (NYSE: PII) consensus expectations and valuation are too low and that the company will expand beyond powersports. The firm upgraded shares to Outperform from Neutral and raised their target to $37 from $32.
- J. Crew (NYSE: JCG) was upgraded to Neutral from Sell at Goldman.
- Lexmark (NYSE: LXK) was upgraded to Equal Weight from Underweight at Barclays.
- Global Hunter upgraded Big Lots (NYSE: BIG) to Buy from Neutral.
Continue reading Analyst upgrades, downgrades and initiations: MS, JCG, BKC, LVLT, NWS ...
Posted Feb 14th 2009 3:40PM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, Viacom (VIA), Applied Materials (AMAT), Chipotle Mexican Grill'A' (CMG), Research in Motion (RIMM), Level 3 Communications (LVLT), Qwest Communications Intl (Q)
Here are some highlights from this past week's earnings coverage from BloggingStocks:
Continue reading Earnings highlights: Viacom, UBS, RIM, ArcelorMittal, Lions Gate, McAfee and others
Posted Feb 11th 2009 4:24PM by Jon Ogg (RSS feed)
Filed under: Sirius Satellite Radio (SIRI), Market matters, 3M Corporation (MMM), Bank of America (BAC), Research in Motion (RIMM), Level 3 Communications (LVLT)

Despite the TARP bank CEOs being grilled on Capitol Hill, the financial stocks and the market eked out a rally. Chicago Federal Reserve President Evans gave a speech today, saying he expects more unemployment and more GDP contraction.
Here are the unofficial closing bell levels:
DJIA: 7,939.53 +50.65 +0.64%
NASDAQ: 1,530.50 +5.77 +0.38%
S&P 500: 833.74 +6.58 +0.80%
Top Analyst UpgradesTop Analyst Downgrades3M Co. (NYSE:
MMM) rose slightly after it actually raised its dividend to $0.51 per share per quarter. It was a mere 2% hike, but it was a hike. The conglomerate shares were up 0.5% at $51.30 right before the close.
Continue reading Closing Bell: Stocks manage a rebound; MMM, BAC, LVLT, RIMM, SIRI
Posted Dec 15th 2008 1:14PM by Douglas McIntyre (RSS feed)
Filed under: Management, Sirius Satellite Radio (SIRI), Level 3 Communications (LVLT)
Charter Communications (NASDAQ:
CHTR) is one of the largest cable companies in the US. It is controlled by billionaire Paul Allen. Like a lot of cable firms, it took on buckets of debt as its improved its infrastructure and bought out other companies in the industry.
Charter's problem is that its debt is now so huge that it can barely operate. According to Barron's, Charter has hired Lazard to help it work out a restructuring of its balance sheet. The firm has over $21 billion in long-term debt and not enough cash flow to handle debt service.
But, Charter bringing in Lazard is not the real story. It is what managements that went for maximum debt for maximum expansion are doing to their common shareholders, especially in an economic environment where credit is impossible to come by.
Charter's shares now trade at $.13, down from a 52-week high of $1.68. Less than two years ago, the stock was close to $5. And, there is only one way Charter is going to solve its problem. It will have to hand the company over to its creditors and leave common shareholders with nothing.
Investors in Sirius (NASDAQ:SIRI), Level 3 (NASDAQ:LVLT), and several other large companies that went nuts on debt are about to go through the same process. With refinancing out of the question, selling shares in those companies is the only way to go, even if all an investor gets is pennies.
It is better than getting nothing.
Douglas A. McIntyre is an editor at 247wallst.com.
Posted Nov 19th 2008 4:21PM by Jon Ogg (RSS feed)
Filed under: After the bell, Major movement, Earnings reports, Analyst upgrades and downgrades, Yahoo! (YHOO), General Motors (GM), Market matters, Citigroup Inc. (C), Federal Natl Mtge (FNM), Level 3 Communications (LVLT), S and P 500, DJIA

How many days, months, quarters, etc. will this ugly bear market continue? It is just as bad as buying dips on Internet stocks in 2000. The FOMC minutes gave a lowered economic expectation for 2009, like we didn't know that was coming. Housing starts were the worst on record, and now inflation is coming down so hard that deflation is the new damnation of the markets. Does it really matter what gets said anymore? No, it doesn't. Gee, were you even surprised that the deterioration into the close only picked up steam and the Dow shed 5% to close below 8,000 as the S&P decided to close at a five-year low? Sorry there is no good news, but this market is no longer a market.
Citigroup Inc. (NYSE:
C) is trading like it is no longer going to be around as its old self. This is truly ugly and unfair, but then again ... who has been rewarded for defending a financial stock? NO ONE. Shares were down 21% at $6.53 before the close.
E*TRADE Financial Corp. (NASDAQ:
ETFC) gave pretty decent numbers considering the current climate, yet it is getting crushed every day along with anything and everything else financial. This one was down 17%at $1.03 right before the close.
Continue reading Closing Bell: Dow closes below 8,000; C, ETFC, FNM, GM, LVLT, YHOO all got hammered
Posted Nov 11th 2008 11:31AM by Elizabeth Harrow (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, General Motors (GM), Level 3 Communications (LVLT), Stocks to Sell
The shares of Level 3 Communications (NASDAQ: LVLT) are sinking deeper into penny-stock territory this morning following a damaging price-target cut from analysts at Citigroup. The brokerage firm slashed its price target on LVLT from $2.00 to 50 cents, and reiterated its Sell rating on the stock.
After closing Monday at 94 cents, LVLT is slipping ever closer this morning to that hypothetical "support at zero." In fact, following yesterday's all-out bearish note on General Motors (NYSE: GM), one has to wonder if Deutsche Bank will soon be slapping another of its famous goose-egg targets on Level 3. The stock has closed seven out of the past 13 sessions south of the $1 level, and its descending 10-day and 20-day moving averages have provided stubborn resistance in recent months.
In fact, while many analysts have already denounced LVLT, there's still room for potential downgrades or price-target cuts. Zacks reports two Buy or better ratings from brokerage firms, and these bulls may soon be shamed into lowering their opinions (if so, they would join six analysts who consider the stock a Hold, and six who deem it a Sell or Strong Sell).
Meanwhile, Thomson Financial pegs the average 12-month price target at $1.68, a premium of 87% to the equity's closing price on Monday. While more negative notes could drag the shares lower, there is a bright side -- from their current level, the shares could only lose about 85 cents.
Elizabeth Harrow is an analyst and financial writer in the research department at Schaeffer's Investment Research. She is featured in the video series Schaeffer's Daily Q&A on SchaeffersResearch.com.
Posted Oct 19th 2008 12:30PM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, Forecasts
Wall Street's optimism in last week's preview about the earnings of tech stocks wasn't misplaced, as there were many more positive surprises than negative ones among the stocks we looked at. This week will bring plenty more data for investors in and watchers of the sector to mull over. Apple Inc. (NASDAQ: AAPL), AT&T Inc. (NYSE: T), and Microsoft Corp. (NASDAQ: MSFT), for example, are expected by analysts surveyed by Thomson Financial to post modest earnings gains from a year ago, to $1.11 per share (on $8.1 billion in sales), $0.72 per share (on $31.3 billion in sales), and $0.47 per share (on $14.8 billion in sales) respectively. All three of these companies ended the week closer to their 52-week lows than highs, and analysts on average consider them each a buy.
Here's a look at some of the week's biggest expected earnings gainers and decliners in the sector:
Continue reading The week in preview: More hope for techs, doubt about financials
Posted Jun 30th 2008 1:00PM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Whole Foods Market (WFMI), Safeway Inc (SWY), Level 3 Communications (LVLT)
MOST NOTEWORTHY: Texas Industries, TransGlobe Energy and Level 3 Communications were today's noteworthy downgrades:
- Stephens downgraded shares of Texas Industries (NYSE: TXI) to Equal Weight from Overweight as it believes higher energy costs will affect the company's ability to achieve its guidance. The firm lowered its target to $68 from $83.
- Jefferies assumed coverage and downgraded shares of TransGlobe Energy (NYSE:TGA) to Hold from Buy as it sees limited upside until the company completes its seismic activity and can better quantify its exploratory reserve potential. The firm lowered its target to $5.25 from $6.50.
- Citigroup downgraded Level 3 (NASDAQ: LVLT) to Sell from Hold as it believes the pullback in telecom valuations increases downside risk for the stock. Citigroup lowered their target price to $2.50 from $3.
OTHER DOWNGRADES:
Posted May 22nd 2008 10:57AM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Level 3 Communications (LVLT), salesforce.com inc (CRM)
MOST NOTEWORTHY: Salesforce.com, First Marblehead and The E.W. Scripps Co were today's noteworthy upgrades:
- Jefferies upgraded shares of Salesforce.com (NYSE:CRM) to Buy from Hold following the company's Q1 results and recommends accumulating shares on any weakness from concerns around a slowdown in bookings. They believe that while bookings growth slowed in Q1, CRM's growth remains stellar and its market opportunity remains large.
- Friedman Billings upgraded First Marblehead (NYSE:FMD) to Market Perform from Underperform. The firm believes most of the bad news is reflected in shares and that there are early indications of "thawing" within the private student loan ABS market.
- Lehman upgraded the E.W. Scripps Co (NYSE:SSP) to Overweight from Underweight and expects the upcoming July 1st split of Scripps Networks Interactive from Scripps will give the company strategic opportunity by separating high growth cable from traditional newspapers and broadcasting.
OTHER UPGRADES:
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