UPDATE: Deutsche Bank Reiterates Buy Rating, Raises PT on Level 3 Communications as 3Q13 Earnings Season Kicks Off


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In a report published Monday, Deutsche Bank analyst Brett Feldman reiterated a Buy rating on Level 3 Communications (NYSE: LVLT), and raised the price target from $26.00 to $30.00.In the report, Deutsche Bank noted, “We have 4 key areas of focus/expectations for 3Q earnings: (1) post paid net adds at TMUS, which could still beat despite recent upward revisions, (2) the degree of pressure on S's post paid trends and its initial views on ‘14 network priorities, (3) 2014 guidance from CCI and SBAC, which should reflect strong trends in organic growth as carriers shift focus to cell splitting for LTE and (4) a pleasantly uneventful print from EQIX having reset guidance last quarter.”Level 3 Communications closed on Friday at $25.05.

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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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Posted In: Analyst ColorPrice TargetAnalyst RatingsAlternative CarriersBrett FeldmanDeutsche BankTelecommunication Services