UPDATE: Jefferies Initiates Level 3 Communications with Hold on Requirement for Growth

In a report published Wednesday, Jefferies analyst Thomas Seitz initiated coverage on Level 3 Communications (NYSE: LVLT ) with a Hold rating and $22.00 price target. In the report, Seitz noted, “Level 3 has a unique assortment of fiber assets spanning 450 cities across the Americas, Europe, and Asia, 100k