Based on the aggregated intelligence of 115,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, Internet network operator Level 3 Communications (NASDAQ:LVLT) has earned a respected four-star ranking. While five-star stocks have been the best performers, our data has shown that four-star stocks still outshine the market by a significant margin and shouldn't be taken lightly; conversely, low-rated stocks have woefully lagged the market average.

With that in mind, let's take a closer look at Level 3's business, and see what CAPS investors are saying about the stock right now.

Level 3 facts

Headquarters (Founded)

Broomfield, Colorado (1884)

Market Cap

$4.80 billion


Diversified Communication Services

TTM Revenue

$4.34 billion


CEO James Crowe (since 1997)

CFO Sunit Patel (since 2003)

Close Competitors


Sprint Nextel (NYSE:S)

CAPS members bullish on LVLT also bullish on


Cisco Systems (NASDAQ:CSCO)

CAPS members bearish on LVLT also bearish on

Ford Motor (NYSE:F),

Microsoft (NASDAQ:MSFT)

Sources: Capital IQ, a division of Standard & Poor's, and Motley Fool CAPS. TTM = trailing 12 months.

Over on CAPS, fully 250 of 273 of the All-Star members who have rated Level 3 -- some 92% -- believe the stock will outperform the S&P 500 going forward. These All-Star bulls include lebelecker and j0ej0ej0e, both of whom are ranked in the top 20% of our community.

In June 2007, lebelecker listed several of the stock's bullish qualities: "Internet backbone, aggressive market consolidator that is getting debt under control and is growing revenue consistently. A new company doing this well in a new market is a tribute to the people running the show and they will be rewarded...someday."

In a more recent pitch last October, j0ej0ej0e follows that line of thinking, citing Level 3's attractive assets as the big reason to remain patient:

Tremendously valuable assets. If they every figure out how to monetize it-watch out. This is a clear buyout target for a number of players, and also has a ton of potential as a stand-alone business. Priced for the worst (deservably so based on past performance, but things are a-changing)

What do you think about Level 3, or any other stock for that matter? Make your voice heard on Motley Fool CAPS today. More than 115,000 investors are waiting to hear what you have to say. CAPS is 100% free, so simply click here to get started.

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Foolish contributor Brian Pacampara owns no position in any of the companies mentioned. The Fool's disclosure policy always gets a perfect score.