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Level 3 Communications (LVLT) is on track to churn out enough cash to launch a stock buyback, says Goldman Sachs, which added the telecom-services provider to its “conviction list” on Tuesday. But if Level 3 stays acquisitive, that might work against a stock repurchase program, says Goldman analyst Brett Feldman in a research note. Level 3 in 2014 acquired TW Telecom, becoming a stronger rival to AT&T (T) and Verizon Communications (VZ) in Scalper1 News
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