Level 3 Communications
On Tuesday, shares in Broomfield, Colorado headquartered Level 3 Communications Inc. recorded a trading volume of 2.29 million shares. The stock ended the day at $47.07, gaining 2.13%. The Company's shares are trading below their 50-day moving average by 2.34%. Furthermore, shares of Level 3 Communications, which together with its subsidiaries, operates as a facilities-based provider of a range of integrated communications services, have a Relative Strength Index (RSI) of 53.06.
On October 11th, 2016, the state of São Paulo's Regional Council for Engineering and Agronomy (CREA-SP), selected Level 3 Communications to provide the committee's registration and activity management systems. Through a bidding process, Level 3 was selected to host and store CREA-SP's registration system, CREANet and its Documentum tool, which enables the management of customer service activities in the council's web environment. Contracted services include a protected Local Area Network (LAN-to-LAN) connection, internet, backup and installation, and configuration, monitoring, management and maintenance services.
On October 18th, 2016, research firm Barclays initiated an 'Overweight' rating on the Company's stock, issuing a target price of $54 per share. Access our complete research report on LVLT for free at:
Houston, Texas headquartered Crown Castle International Corp.'s stock finished yesterday's session 0.18% lower at $91.82 and with a total trading volume of 2.18 million shares. The Company's shares have gained 0.02% in the last one month and 9.40% on an YTD basis. The stock is trading above its 200-day moving average by 2.92%. Furthermore, shares of Crown Castle International, which together with its subsidiaries, owns, operates, and leases shared wireless infrastructure in the US and Australia, have an RSI of 50.34.
On October 5th, 2016, Crown Castle International announced that it plans to release its Q3 2016 results on October 20th, 2016, after the market closes. In conjunction with the release, Crown Castle has scheduled a conference call for October 21st, 2016, at 10:30 a.m. ET. The complimentary research report on CCI can be downloaded at:
At the closing bell on Tuesday, shares in Itasca, Illinois headquartered Gogo Inc. rose 0.83%, ending the day at $10.87. The stock recorded a trading volume of 540,769 shares. The Company's shares have advanced 26.84% in the previous three months. The stock is trading 1.63% below its 200-day moving average. Moreover, shares of Gogo, which through its subsidiaries, provides communications services to the commercial and business aviation markets in the US and internationally, have an RSI of 40.63.
On October 5th, 2016, Gogo stated that as it continues toward its scheduled launch of its 4G service in the first half of 2017, Constant Aviation will be one of the first Gogo dealers to develop Supplemental Type Certificates for the new system. Created specifically for the business aviation market, Gogo's 4G system is a specially designed application of Gogo's air-to-ground technology that leverages its existing ground network of more than 250 towers, fiber backhaul and technology that has already flown hundreds of thousands of hours aboard thousands of business and commercial aircraft. Register for free on Stock-Callers.com and get access to the latest PDF format report on GOGO at:
Boca Raton, Florida headquartered SBA Communications Corp.'s stock ended the day 0.47% higher at 111.35 and with a total trading volume of 378,166 shares. The Company's shares have gained 0.92% in the last month and 5.98% on an YTD basis. The stock is trading 7.22% above its 200-day moving average. Additionally, shares of SBA Communications, which owns and operates wireless communications tower structures, rooftops, and other structures that support antennas used for wireless communications in the US and its territories, South America, Central America, and Canada, have an RSI of 51.30.
On October 3rd, 2016, SBA Communications announced that its Board of Directors has authorized SBA to take all necessary steps for it to qualify as a real estate investment trust ("REIT") for tax purposes. SBA intends to elect to be taxed as a REIT commencing with its taxable year ending December 31st, 2016. In connection with its REIT conversion, SBA proposes to merge with and into a newly formed, wholly owned subsidiary. SBA expects to hold a special meeting of shareholders in Q4 2016 for the purpose of voting on the proposed merger. Download your free research report on SBAC at:
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