Level 3 Communications is a facility based provider of a range of integrated communications services. Co. provides a range of communications services, which are: Core Network Services, which includes transport services, infrastructure services, data services, and local and enterprise voice services; Wholesale Voice Services, which includes voice over Internet Protocol local service, SIP Trunking, Primary Rate Interface service, long distance service and toll free service; and Other Communications Services, which includes managed modem and SBC Contract Services. Co. provides communications services to a range of wholesale and enterprise customers.
Technology stocks have come back into favor as the Nasdaq posts new 12-year highs. Solid companies that were largely left behind in the broader market's bull run are now attractive investment opportunities with positive reward-to-risk ratios.
One tech stock that has yet to participate in the sector's rally is Level 3 Communications (NYSE: LVLT). While the Nasdaq has posted 16% gains year to date, LVLT is down about 2%.
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