Shares of Level 3 Communications, Inc. (NYSE:LVLT) ended Tuesday session in red amid volatile trading. The shares closed down -0.04 points or -0.07% at $56.07 with 1,557,000 shares getting traded. Post opening the session at $56.26, the shares hit an intraday low of $55.60 and an intraday high of $56.35 and the price vacillated in this range throughout the day. The company has a market cap of $20.29 billion and the numbers of outstanding shares have been calculated to be 359.93 million shares.
Level 3 Communications, Inc. (LVLT) operates as a facilities-based provider of a range of integrated communications services. It operates through North America, EMEA, and Latin America segments. The company offers Internet protocol (IP) and data services comprising Internet services, virtual private network, Ethernet, content delivery network, media delivery, Vyvx broadcast, managed, cloud and IT, and cloud connect services, in addition to Communications as a Service. It also provides transport and fiber services comprising wavelengths, private lines, transoceanic services, and dark fiber, in addition to related professional services; local and enterprise voice services, counting Voice over Internet Protocol services and traditional circuit-switch based services; partnershipservices, such as audio, Web, and video partnershipservices; colocation and data center services comprising cloud, hosting, and application administration solutions; and security services for mobile users or remote offices, governance, risk administration, and compliance. In addition, the company provides wholesale voice services, counting voice termination and toll free services. It mainly serves various types of customers, such as enterprises, content, government, and wholesale. The company was founded in 1884 and is headquartered in Broomfield, Colorado.