Level 3 (LVLT) a Legitimate Takeover Target?

With the debt load held by Level 3 (NASDAQ:LVLT), it's difficult to see them as a legitimate takeover target, but one writer as Seeking Alpha believes they are, and thinks it has 100 percent upside to boot.

Here's his thoughts:

The stock offers investors much more upside reward than downside risk. My 12-month price target is $2.75 (over 100% upside) and my 3-year target is $5. Here are the key reasons behind my conviction:

1) Fiber Assets and Balance Sheet Improvements

2) Insider Buys

3) Institutional Buys

4) Recent Deals expected to add to revenue

Most notable and important being Netflix (NASDAQ:NFLX)

5) Technical Indicators


Level 3 closed Wednesday at $1.26, dropping $0.03, or 2.33 percent.




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