updated 2/17/2011 7:16:25 AM ET 2011-02-17T12:16:25

DALLAS, Feb. 17, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Level 3 Communications Inc. (Nasdaq:LVLT). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.

The full report is available at: www.microstockprofit.com/lp/LVLT

Level 3 Communications Inc. (LVLT) is an international communications company operating one of the largest communications and Internet backbones in the world. Since 1998, the Company has been focused on delivering premier services over one of the world's most advanced, IP-optimized networks. LVLT owns and maintains over 54,000 intercity route miles. It offers a comprehensive portfolio of network offerings that spans Internet Protocol (IP) services, broadband transport, colocation services, and patented Softswitch-based managed modem and voice services. It also uses these network services as a foundation for delivering enterprise telecommunications solutions.

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In the report, the analyst notes:

"LVLT said it lost $52 million, or $0.03 per share, in the fourth quarter of 2010, narrowing the year-ago quarter loss of $182 million, or $0.11 per share. The Internet backbone company said its most recent results included an income tax benefit of $93 million, or $0.06 per share, primarily from the release of foreign deferred tax valuation allowances, without which the Company's loss would have been $0.09 per share. Analysts, on average, expected the Company to report a loss of $0.10 per share."

"LVLT recently announced that it has enhanced its data center networking portfolio to help businesses meet increasing data center connectivity requirements and better manage costs. The Company said the enhanced portfolio now includes storage area networking (SAN) fiber channel protocol, dark fiber and managed fiber solutions."

To read the entire report visit: www.microstockprofit.com/lp/LVLT

See what investors are saying about LVLT at http://www.stockhideout.com

Get breaking news on LVLT at http://thestockmarketwatch.com/

MicroStockProfit.com is a small-cap research and investment commentary provider. MicroStockProfit.com strives to provide a balanced view of many promising small-cap companies that would otherwise fall under the radar of the typical Wall Street investor. We provide investors with an excellent first step in their research and due diligence by providing daily trading ideas, and consolidating the public information available on them. For more information on MicroStockProfit please visit: http://www.microstockprofit.com

MicroStockProfit.com Disclosure

MicroStockProfit.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. MicroStockProfit.com is a Web site wholly owned by BlueWave Advisors, LLC. Neither MicroStockProfit.com nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. Please read our report and visit our Web site, MicroStockProfit.com, for complete risks and disclosures.

CONTACT: Brian Johnson

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