The following video is part of our "Motley Fool Conversations" series, in which analyst Rex Moore discusses topics across the investing world.

Level 3 Communications is down more than 40% in the past 12 months. Today, Rex assesses its chances of a rebound.

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Rex Moore has no positions in the stocks mentioned above. The Motley Fool has no positions in the stocks mentioned above. Motley Fool newsletter services recommend Rackspace Hosting. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.