Telecom ETFs Mixed Despite Level 3 Rally Before Earnings
May 02, 2011 at 14:49 PM EDT
A 5% rally in Level 3 Communications (NasdaqGS: LVLT) wasn’t enough to put telecom exchange traded funds (ETFs) in the green Monday as traders bid the stock higher before the company’s quarterly results. Level 3 is expected to release first-quarter results on Tuesday. Wall Street analysts are...