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Actionable news in LVLT: LEVEL 3 COMMUNICATIONS INC,

Goldman Sachs Shows Why Level 3 Is Worth Much More

If there is one crown jewel property in communications providers and networks, it has to be Level 3 Communications Inc. (NASDAQ: LVLT). After a presentation at the Goldman Sachs 24th Annual Communacopia Conference in New York on September 18, the research team at Goldman Sachs has decided to become even more bullish on Level 3.

Goldman Sachs already had Level 3 rated as Buy, but now the firm has moved its rating up to its prized Conviction Buy list. What stands out here is that the team has a $60.00 price target, almost a third higher than it had traded up until this call (closed previously at $45.21).

There is at least one word of caution here, and that is that it was just in late May when Level 3 was started as Buy at Goldman Sachs, but with a $67.00 price target at the...


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