Level 3 (LVLT +4.7%) jumps on an upgrade to Buy from BofA. The firm claims Level 3 has the best...

|About: Level 3 Communications, Inc. (LVLT)|By:, SA News Editor

Level 3 (LVLT +4.7%) jumps on an upgrade to Buy from BofA. The firm claims Level 3 has the best risk/reward among the "alternative carriers" it covers, and expects revenue growth in its Core Network Services business, along with the company's operating leverage and synergies from the Global Crossing acquisition, to drive shares higher.