Wall Street research analysts offer views on future stock movement of Level 3 Communications, Inc. (NYSE:LVLT). Analysts polled by have set a consensus target price of $62.50 on shares.
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Wall Street analysts have the ability to use various metrics to help calculate target projections. A commonly used metric is a company’s P/E Ratio. This calculation stems from dividing the current share price by the projected earnings per share. At the time of this writing, Level 3 Communications, Inc. has a price to earnings ratio of 33.03. Investors may also evaluate a company’s PEG or price to earnings growth ratio. The PEG ratio represents the ratio of the price to earnings to the anticipated future growth rate of the company. The stock presently has a PEG Ratio of 12.93 .
Taking a brief view of stock performance, we see that company shares are currently trading $-2.13 off the 50-day moving average of $59.51 and $-1.55 off of the 200-day moving average of $58.93 . The stock has been recently recorded -11.19% off of the 52-week high of 64.61 and +30.38% away from the 52-week low of 44.01. Tracking the stock price relative to moving averages and highs and lows for the year may help evaluate the future value of the stock.