AUSWR
The Association of U S West Retirees
 

 

 

WALL STREET WEST: Up-to-the-minute local reaction to the financial crisis
By Jeff Smith
Rocky Mountain News
Thursday, 9, 2008

Local telcos take beating

Local telco stocks have been battered amid the recent financial turmoil.

Shares of Broomfield-based Level 3 Communications have sunk below $2, and Qwest Communications stock is trading at around $2.50 today.

Qwest was trading at nearly $7 in early January.  Level 3 opened the year at $3 but was up to $3.44 in mid-September before the Lehman Brothers collapse and recent chain of events.