Filed under: AT and T (T), New York Times’A’ (NYT), Comcast Cl’A’ (CMCSA), Gannett Co (GCI), Level 3 Communications (LVLT), Time Warner Cable (TWC)
A collection of widely traded stocks making 52-week lows often shows sentiment for which industries and investing themes are out of favor.
Some of last week’s lows:
Level 3 Communications (NASDAQ: LVLT): The company has one of the largest data and voice networks in the country. But pricing pressure on bandwidth costs and trouble integrating acquisitions did a tremendous amount of damage to the shares when the firm announced third quarter numbers. The stock traded as low as $2.90, down from a 52-week high of $6.80. But, LVLT’s real sin is the amount of debt it carries — almost $7.4 billion. The current market hates balance sheets that indicate too much borrowing.
Continue reading A look at the market through 52-week lows
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