Wednesday, April 10, 2013

Level 3 Communications (LVLT) Gets a Buy Recommendation

Level 3 Communications (LVLT) got a 'Buy' recommendation yesterday (02013.04.09) by Deutsche Bank. LVLT closed yesterday at $21.20, up 6% for the day. Volume was 4.08 million vs. 1.73 million. LVLT 52-week range: $16.36 - $25.99. I've placed a good-till-cancel order to sell some LVLT at 7 $Pi ($21.99).

[update::02013.04.11] I cancelled the LVLT sell order. Yesterday LVLT closed at $21.00 after hitting an intra-day high of $21.72. Today (02013.04.11), prior to the market opening, Level 3 Communications announced "Jeff K. Storey has been appointed by the Board of Directors to be the company's president and chief executive officer (CEO), effective immediately."

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