Equities research analysts at Cowen downgraded shares of L-3 Communications (NYSE: LLL) from an “outperform” rating to a “neutral” rating in a research note to clients and investors on Monday.
Separately, analysts at Morgan Keegan downgraded shares of L-3 Communications from an “outperform” rating to a “market perform” rating in a research note to investors on Monday, January 3rd. They now have a $81.00 price target on the stock, down previously from $89.00.
L-3 Communications Holdings, Inc. (L-3) is a prime system contractor in aircraft modernization and maintenance, command, control, communications, intelligence, surveillance and reconnaissance (C3ISR) systems, and government services. L-3 is also a provider of technology products, subsystems and systems. The Company has four segments: C3ISR, Government services, aircraft modernization and maintenance (AM&M), and Electronic systems. The C3ISR segment provides products and services for the global intelligence, surveillance and reconnaissance (ISR) market. The Government services segment provide a range of engineering, technical, information technology (IT), advisory, training and support services. The aircraft modernization and maintenance segment provide modernization, upgrades and sustainment, maintenance and logistics support services. The electronic systems segment provides a range of products, including components, products, subsystems, systems and related services.
Shares of L-3 Communications (NYSE: LLL) opened at 77.22 on Wednesday. L-3 Communications has a 52 week low of $66.11 and a 52 week high of $97.81. The stock’s 50-day moving average is $72.39 and its 200-day moving average is $71.61. On average, analysts predict that L-3 Communications will post $1.88 EPS next quarter. The company has a market cap of $8.740 billion and a price-to-earnings ratio of 9.87.
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