Getting your player ready...
Level 3 Communications Inc., the operator of long- haul fiber-optic networks, fell 8.9 percent Thursday in Nasdaq trading after Morgan Stanley said it would struggle to integrate new businesses.
Level 3 faces “significant operating challenges” with the new acquisitions, analyst Simon Flannery in New York wrote Thursday in a note to clients. He recommended selling the shares, after having advised investors to hold them since November.
Broomfield-based Level 3 slid 26 cents to $2.65.
