UPDATE: Deutsche Bank Raises PT on Level 3 Communications as 3Q13 Earnings Season Kicks Off

In a report published Monday, Deutsche Bank analyst Brett Feldman reiterated a Buy rating on Level 3 Communications (NYSE: LVLT), and raised the price target from $26.00 to $30.00.

In the report, Deutsche Bank noted, “We have 4 key areas of focus/expectations for 3Q earnings: (1) post paid net adds at TMUS, which could still beat despite recent upward revisions, (2) the degree of pressure on S's post paid trends and its initial views on ‘14 network priorities, (3) 2014 guidance from CCI and SBAC, which should reflect strong trends in organic growth as carriers shift focus to cell splitting for LTE and (4) a pleasantly uneventful print from EQIX having reset guidance last quarter.”

Level 3 Communications closed on Friday at $25.05.