LVLT
Level 3 Communications Inc.
TMT
04/21/2014
Presented
| Date | 04/16/2014 |
| Price | $38.71 |
| Market Cap | $9.18B |
| Ent Value | $16.92B |
| P/E Ratio | 45.11x |
| Book Value | $18.64 |
| Div Yield | N/A |
| Shares O/S | 237.17M |
| Ave Daily Vol | 1,750,000 |
| Short Int | 2.28% |
Current
| Price | $53.63 |
| Market Cap | $19.58B |
| Level 3 Communications, Inc., together with its subsidiaries, operates as a facilities-based provider of a range of integrated communications services primarily in North America, Latin America, Europe, the Middle East, and Africa. The company provides core network services, including transport services comprising wavelengths, private lines, transoceanic services, and dark fiber, as well as related professional services; and colocation and data center services, such as cloud, hosting, and application management solutions. It also offers Internet protocol (IP) and data services comprising high speed IP, Internet access, virtual private network, content delivery network, media delivery, Vyvx broadcast, converged business network, and security services; local and enterprise voice services consisting of voice over IP enhanced local service, SIP trunking, local inbound, primary rate interface, long distance, and toll free services; and collaboration services, such as audio, Web, and video conferencing services. In addition, the company provides wholesale voice services, including long distance voice termination and toll free services. It primarily serves enterprises, multinational customers, portals and large search enterprises, regional service providers, systems integrators, and software service providers; online gaming providers, social networking providers, technology companies, and companies that provide video over the Internet; media conglomerates, programmers, studios and production companies, and broadcast station ownership groups; sports teams, and stadiums and venues; governments; and carriers, voice service providers, wireless providers, and broadband cable television operators. Level 3 Communications, Inc. was founded in 1884 and is headquartered in Broomfield, Colorado. |
Highlights
Level 3’s relatively new CEO, Jeff Storey, is an excellent operator and has addressed a number of issues since taking the reins in early 2013. With Walter Scott (Chairman of LVLT for decades) retiring, the presenter expects more positive changes will come, and is long shares due to his belief that the company is on the cusp of a real FCF inflection and mid teens (%) EBITDA growth.
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