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Level 3 Communications : Receives 100 Percent on Equality Index for the Second Year

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12/05/2016 | 10:31pm CET

BROOMFIELD, Colo., Dec. 5, 2016 /PRNewswire/ -- Level 3 Communications (NYSE: LVLT) has been recognized by the Human Rights Campaign (HRC) Foundation for its progressive corporate policies and practices related to LGBT workplace equality.

Level 3 received a perfect score on the Corporate Equality Index (CEI), a national benchmarking survey and report administered by HRC, which evaluates businesses on their LGBT initiatives. Level 3 satisfied all of CEI's criteria which includes non-discrimination workplace protections, domestic partner benefits, transgender-inclusive health care benefits, competency programs and public engagement with the LGBT community.

"Being recognized by HRC with a perfect score highlights our global commitment to an inclusive workplace that builds on the strength of our employees and embraces diversity," said Mary Beth McGrath, senior vice president global talent management, Level 3. "As a company, we strive, every day, to identify opportunities where we can continue to incorporate inclusiveness as part of our standard operating practices."

Watch the video: http://bit.ly/2016Level3HRCMessage

In addition to benefits focused on LGBT co-workers and their families, Level 3 strives to contribute to the lives of all of its employees and the communities in which the company operates. In fact, Level 3 was recognized, in a Denver Business Journal segment, as a "Cool Place to Work," and offers:

    --  A 24/7 on site Fitness Center
    --  Employee Resource Groups, including a growing LGBT group of more than
        100 members
    --  Tuition Reimbursement
    --  Ops-Tech Academy, a vocational training program for non-traditional
        post-secondary students
    --  Opportunities through Level 3 Cares to volunteer during business hours
    --  Community philanthropic opportunities through the Level 3 Foundation
    --  Retirement Savings, Level 3 offers a 401K plan and matches a portion of
    --  Generous health and paid time off benefits, including those that support
        gender identity and same-sex partner benefits

About The Human Rights Campaign

The Human Rights Campaign is America's largest civil rights organization working to achieve lesbian, gay, bisexual and transgender equality. By inspiring and engaging all Americans, HRC strives to end discrimination against LGBT citizens and realize a nation that achieves fundamental fairness and equality for all.

For more information about CEI, or to download a copy of the report visit: www.hrc.org/cei.

About Level 3 Communications

Level 3 Communications, Inc. (NYSE: LVLT) is a Fortune 500 company that provides local, national and global communications services to enterprise, government and carrier customers. Level 3's comprehensive portfolio of secure, managed solutions includes fiber and infrastructure solutions; IP-based voice and data communications; wide-area Ethernet services; video and content distribution; data center and cloud-based solutions. Level 3 serves customers in more than 500 markets in over 60 countries across a global services platform anchored by owned fiber networks on three continents and connected by extensive undersea facilities. Level 3 services are provided by subsidiaries of Level 3 Communications, Inc. For more information, visit www.level3.com or get to know us on Twitter, Facebook and LinkedIn.

© Level 3 Communications, LLC. All Rights Reserved. Level 3, Level 3 Communications, Level (3) and the Level 3 Logo are either registered service marks or service marks of Level 3 Communications, LLC and/or one of its Affiliates in the United States and elsewhere. Any other service names, product names, company names or logos included herein are the trademarks or service marks of their respective owners. Level 3 services are provided by subsidiaries of Level 3 Communications, Inc.

The information contained under the title "About the Human Rights Campaign" is provided by the Human Rights Campaign, being the company solely responsible for its content.

Forward-Looking Statement

Some statements made in this press release are forward-looking in nature and are based on management's current expectations or beliefs. These forward-looking statements are not a guarantee of performance and are subject to a number of uncertainties and other factors, many of which are outside Level 3's control, which could cause actual events to differ materially from those expressed or implied by the statements. Important factors that could prevent Level 3 from achieving its stated goals include, but are not limited to, the company's ability to: increase revenue from its services to realize its targets for financial and operating performance; develop and maintain effective business support systems; manage system and network failures or disruptions; avert the breach of its network and computer system security measures; develop new services that meet customer demands and generate acceptable margins; manage the future expansion or adaptation of its network to remain competitive; defend intellectual property and proprietary rights; manage risks associated with continued uncertainty in the global economy; manage continued or accelerated decreases in market pricing for communications services; obtain capacity for its network from other providers and interconnect its network with other networks on favorable terms; successfully integrate future acquisitions; effectively manage political, legal, regulatory, foreign currency and other risks it is exposed to due to its substantial international operations; mitigate its exposure to contingent liabilities; and meet all of the terms and conditions of its debt obligations. Additional information concerning these and other important factors can be found within Level 3's filings with the Securities and Exchange Commission. Statements in this press release should be evaluated in light of these important factors. Level 3 is under no obligation to, and expressly disclaims any such obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise.

    Contact Information

    Media:                   Investors:

    D. Nikki Wheeler         Mark Stoutenberg

    +1 720-888-0560          +1 720-888-2518

    Nikki.wheeler@Level3.com mark.stoutenberg@level3.com


Video - https://www.youtube.com/watch?v=Bak4_grJBNg&feature=youtu.be

Logo - http://photos.prnewswire.com/prnh/20140908/144115

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/level-3-receives-100-percent-on-equality-index-for-the-second-year-300372329.html

SOURCE Level 3 Communications, Inc.

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Financials ($)
Sales 2016 8 207 M
EBIT 2016 1 446 M
Net income 2016 539 M
Debt 2016 9 086 M
Yield 2016 -
P/E ratio 2016 35,38
P/E ratio 2017 30,25
EV / Sales 2016 3,57x
EV / Sales 2017 3,37x
Capitalization 20 195 M
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Level 3 Communications, In Technical Analysis Chart | LVLT | US52729N3089 | 4-Traders
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Mean consensus HOLD
Number of Analysts 18
Average target price 62,0 $
Spread / Average Target 10%
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Jeffrey K. Storey President, Chief Executive Officer & Director
James Oren Ellis Chairman
Sunit S. Patel Chief Financial Officer & Executive Vice President
Atilla Tinic Chief Information Officer
Andrew Dugan Chief Technology Officer
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