MagneGas (MNGA) Reaches $0.33 52-Week Low; Level 3 Communications, Inc. (LVLT) Had 5 Analysts Last Week

December 6, 2017 - By Michael Collier

The stock of MagneGas Corporation (NASDAQ:MNGA) hit a new 52-week low and has $0.31 target or 7.00% below today’s $0.33 share price. The 8 months bearish chart indicates high risk for the $6.17 million company. The 1-year low was reported on Dec, 6 by Barchart.com. If the $0.31 price target is reached, the company will be worth $431,900 less. The stock decreased 10.65% or $0.0393 during the last trading session, reaching $0.3298. About 532,210 shares traded. MagneGas Corporation (NASDAQ:MNGA) has declined 77.22% since December 6, 2016 and is downtrending. It has underperformed by 93.92% the S&P500.

Among 18 analysts covering Level 3 (NYSE:LVLT), 5 have Buy rating, 1 Sell and 12 Hold. Therefore 28% are positive. Level 3 had 33 analyst reports since July 30, 2015 according to SRatingsIntel. BTIG Research downgraded Level 3 Communications, Inc. (NYSE:LVLT) on Tuesday, November 1 to “Neutral” rating. The company was initiated on Tuesday, September 22 by RBC Capital Markets. The company was downgraded on Friday, April 29 by Bank of America. On Friday, October 28 the stock rating was upgraded by Oppenheimer to “Outperform”. The rating was maintained by RBC Capital Markets on Thursday, May 25 with “Hold”. Jefferies downgraded the stock to “Hold” rating in Tuesday, November 1 report. The stock of Level 3 Communications, Inc. (NYSE:LVLT) has “Underperform” rating given on Monday, May 15 by Raymond James. The rating was reinitiated by Morgan Stanley with “Equal-Weight” on Wednesday, March 29. The firm earned “Buy” rating on Thursday, July 30 by Canaccord Genuity. The firm has “Neutral” rating by Macquarie Research given on Tuesday, August 4. See Level 3 Communications, Inc. (NYSE:LVLT) latest ratings:

04/10/2017 Broker: Barclays Capital Rating: Equal-Weight Old Target: $59 New Target: $53 Maintain
17/09/2017 Broker: RBC Capital Markets Rating: Hold New Target: $61.0 Maintain
14/07/2017 Broker: Barclays Capital Rating: Hold New Target: $59.0000
07/07/2017 Broker: RBC Capital Markets Rating: Hold New Target: $61.0000 Maintain

MagneGas Corporation, an alternative energy company, creates and produces hydrogen based alternative fuel through the gasification of liquid and liquid waste in the United States and internationally. The company has market cap of $6.17 million. The firm produces gas bottled in cylinders and distributes to the metalworking market as an alternative to acetylene. It currently has negative earnings. It offers MagneGas2, a hydrogen based fuel for metal cutting; and MagneTote, a metal cutting torch system primarily used in the firefighting industry.

It closed at $53.63 lastly. It is down 15.09% since December 6, 2016 and is uptrending. It has underperformed by 1.61% the S&P500.

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