Telecommunications Lifted By Level 3
10-Aug-12 15:00 ET
[BRIEFING.COM] Heading into the final hour of a slow session, the S&P 500 is off 0.1%.
The telecommunications sector has managed to stay slightly positive today. With most components trading in-line with the broader market, Level 3 Communications (LVLT 21.79, +1.61) is spiking 8.0% after securing additional financing. In addition, analyst coverage of the stock was initiated at Goldman Sachs with a buy rating.