Technical Roundup on Communication Services Stocks -- Level 3 Communications, Crown Castle, Gogo, and SBA Communications

Sep 02, 2016, 08:15 ET from Chelmsford Park SA

NEW YORK, September 2, 2016 /PRNewswire/ -- turns its attention to the Diversified Communication Services industry which comprises companies that provide high-density data transmission services and fixed-line telecommunications networks and services. Stocks in this space include Level 3 Communications Inc. (NYSE: LVLT), Crown Castle International Corp. (NYSE: CCI), Gogo Inc. (NASDAQ: GOGO), and SBA Communications Corp. (NASDAQ: SBAC). Sign up today and download for free the research reports for the stocks covered today at:

Level 3 Communications  

Broomfield, Colorado headquartered Level 3 Communications Inc.'s shares recorded a trading volume of 2.26 million shares, which was above its three months average volume of 2.25 million shares. The stock finished Thursday's trading session 0.20% higher at $49.73. The Company's shares have gained 0.93% in the last month. The stock is trading below its 200-day moving average by 2.90%. 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 49.73.

On August 24th, 2016, research firm MoffettNathanson upgraded the Company's stock rating from 'Neutral' to 'Buy'.

On August 25th, 2016, the company announced that it has completed work on two network expansions in Westchester County, New York. The fiber sub-loops provide enterprise customers with access to Level 3's global product portfolio, additional business continuity disaster recovery services as well as fiber path diversity. As part of the expansion, Level 3 can deliver up to 100 Gigabyte speeds for business internet and data. LVLT complete research report is just a click away at:

Crown Castle Intl. 

On Thursday, Houston, Texas headquartered Crown Castle International Corp.'s stock recorded a trading volume of 1.58 million shares and ended the session 0.02% lower at $94.75. The Company's shares have gained 3.12% over the previous three months and 11.81% on an YTD basis. The stock is trading 7.03% above its 200-day moving average. Moreover, 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 42.81.

As per notes filed with the SEC on September 1st, 2016, the company closed its previously announced public offering of $700 million aggregate principal amount of its 2.250% Senior Notes due 2021. The Notes will bear interest at a rate of 2.250% per annum, payable semi-annually on March 1st and September 1st, to persons who are registered holders of the Notes on the immediately preceding February 15th and August 15th, beginning on March 1st, 2017. The complimentary report on CCI can be downloaded at:

Gogo Inc. 

Itasca, Illinois headquartered Gogo Inc.'s shares ended the day 2.45% higher at $12.53. The stock recorded a trading volume of 1.60 million shares, which was above its three months average volume of 1.47 million shares. The Company's shares have surged 48.81% in the last month and 34.88% in the previous three months. The stock is trading 29.67% above its 50-day moving average and 3.74% above its 200-day moving average. Additionally, 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 80.40.

On August 30th, 2016, Gogo announced that it has promoted John Wade to the role of executive vice president and Chief Operating Officer of Gogo. Wade has more than 30 years of experience in the aviation industry and for the past eight years, he has served as the general manager of Gogo's business aviation division where he built the division into a market leader.

On August 31st, 2016, research firm Standpoint Research upgraded the Company's stock rating from 'Hold' to 'Buy'. Sign up for your complimentary report on GOGO at:

SBA Communications  

Shares in Boca Raton, Florida headquartered SBA Communications Corp. recorded a trading volume of 652,634 shares. The stock ended Thursday's session 0.03% higher at $114.18. The Company's shares have gained 0.86% in the last month, 11.94% over the previous three months, and 8.67% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 1.68% and 11.09%, respectively. Furthermore, 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 53.66.

As per Form 8-k filing with the SEC on August 15th, 2016, SBA Communications and U.S. Bank National Association, as trustee, executed an indenture pursuant to which SBA issued its 4.875% Senior Notes due 2024 (the "Notes"). The Notes have an interest coupon of 4.875% and were issued at a price of 99.178% of their face value for an effective yield of 5.0%. Download the research report for free on SBAC at:


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