Level 3 Communications, Inc. (NYSE:LVLT), made a record $112 million in first-quarter profits, giving the international telecom its first-ever consecutive quarters of positive earnings. Level 3 Communications, Inc. (NYSE:LVLT), shares after opening at $40.44 moved to $43.50 on last trade day and at the end of the day closed at $43.03. Company price to sales ratio in past twelve months was calculated as 1.62 and price to cash ratio as 16.17. Level 3 Communications, Inc. (NYSE:LVLT), showed a positive weekly performance of 13.75%.
NYU WIRELESS and Straight Path Communications Inc (NYSEMKT:STRP), a wholly owned subsidiary of Straight Path Communications Inc. (NYSE MKT:STRP), announced that Straight Path is joining the New York University-based research center as an affiliate sponsor and advisory board member. Straight Path Communications Inc (NYSEMKT:STRP), shares advanced 16.67% in last trading session and ended the day on $7.00. Straight Path Communications Inc (NYSEMKT:STRP), return on equity ratio is recorded as -25.60% and its return on assets is -20.20%.
On April 23,2014, GTT Communications Inc (NYSEMKT:GTT), a global cloud networking provider to multinational enterprises announced the opening of a new office in the metro New York area, bringing its total global presence to 10 offices in 6 countries. GTT Communications Inc (NYSEMKT:GTT), shares moved up 8.33% in last trading session and was closed at $12.10, while trading in range of $ 11.12 – 12.10. GTT Communications Inc (NYSEMKT:GTT), year to date (YTD) performance is 65.75%.
Italian antitrust officials on April 28 indicated that they intend to continue an investigation into alleged anticompetitive behavior from former state telephone monopoly Telecom Italia SpA (ADR) (NYSE:TI), and rival Wind SpA, even though the company that sparked the probe, Bip Mobile, has ceased operations. Telecom Italia SpA (ADR) (NYSE:TI), weekly performance is 3.88%. On last trading day company shares ended up $12.84. Telecom Italia SpA (ADR) (NYSE:TI), distance from 50-day simple moving average (SMA50) is 10.08%. Analysts mean target Price for the company is $6.80.