Alternative Carriers

Pre-open movers US stock futures are lower this morning, ahead of a second day of testimony by Fed Chairman Ben Bernanke. Futures for the Dow Jones Industrial Average dropped 38 points to 12,699.00 and S&P 500 index futures fell 5 points to 1,353.50. Nasdaq 100 futures declined 8 points to 2,...

Level 3 Communications, Inc. (NYSE: LVLT) today announced that it plans to offer $300 million aggregate principal amount of senior unsecured notes that will mature in 2019 and will bear interest at a fixed rate in a proposed private offering to "qualified institutional buyers," as defined in Rule...

Level 3 Communications, Inc. (NYSE: LVLT) today announced that ESPN Brazil will use Level 3 Vyvx broadcast solutions infrastructure and managed services to optimize transmissions and provide integrated services for TV stations that carry its broadcasts in Brazil. This is Level 3's first Vyvx...

Level 3 Communications, Inc. (NYSE: LVLT) today announced that the Defense Information Systems Agency has issued initial task orders to Level 3 to provide dedicated fiber-cable operations and maintenance support, and IP-based infrastructure under a 10-year, indefinite-delivery/indefinite-quantity...

Level 3 Communications, Inc. (NYSE: LVLT) today announced the appointment of Steven Terrell "Terry" Clontz and General Kevin P. Chilton (ret.) to its board of directors. The appointments bring the total number of board members to 12.

( click to enlarge ) Level 3 Communications, Inc.(NYSE: LVLT) stock is building a nice flag, holding above 20 day SMA. Watching for 26.7 breakout.  ( click to enlarge ) Macy's, Inc. (NYSE: M) surged 1.69% to 40.89 breaking out an important resistance with heavy volume. We should be able to...

Friday is the last trading session of what has turned out to be an excellent quarter for the U.S. stock market. Nearing the close of trading, the Dow and S&P had logged moderate gains while the Nasdaq composite was down slightly. The Dow had gained 63 points and was trading at 13,209 while the...

Level 3 Communications (NYSE: LVLT) today announced that it is broadening its global data center capabilities by adding high-density enterprise-ready space to its San Francisco facility. This additional data center space will accommodate enterprise growth that requires an efficient, scalable,...

Analysts at Deutsche Bank upgraded Veeco Instruments Inc (NASDAQ: VECO) from “hold” to “buy.” VECO's shares closed at $29.98 yesterday. Veeco Instruments' trailing-twelve-month ROE is 25.02%. Credit Suisse upgraded Public Storage (NYSE: PSA) from “neutral” to “outperform.” PSA's stock closed at $...

According to a research report published earlier today, Bank of America has upgraded Level 3 Communications (NYSE: LVLT) from Neutral to Buy. In the report, Bank of America said, “We think that Level 3 represents the best risk/reward in our alternative carrier coverage universe with 4:1 upside/...

Shares of Level 3 Communications (NASDAQ: LVLT) are higher on the session by 2.66%, currently trading at $24.66. The stock has been moving largely higher over the past three months and is currently trading above the 50-day moving average. Options traders are focusing on puts today. The strike...

In a research report published earlier today by Collins Stewart, Level 3 Communications (NYSE: LVLT) FCF generation prospects all too often in disappointment, and the current one is no different. According to Collins Stewart, “With the prospects of actual FCF generation for Level 3 looming for the...

In a research report published today by Dawson James Securities, Level 3 Communications Inc. (NYSE: LVLT) reported sales of $1.579 billion for Q4/11, an increase of 71.4% from sales of $921 million in Q4/10. Dawson James Securities commented in the report, “The bulk of revenue growth can be...

Shares of Level 3 Communications (NASDAQ: LVLT) are higher on the session by 10.67%, currently trading at $23.12. The stock has been moving largely higher over the past two months and is currently trading above the 50-day moving average. Options traders are focusing on calls today. The strike...

Morgan Stanley upgrades Level 3 Communications (NYSE: LVLT) to Overweight from Equal-weight on strong secular demand. Morgan Stanley says, "Our above-consensus estimates are driven by top-line acceleration, operating leverage and synergies. We expect a 47% EBITDA growth over two years, with FCF...