Lumen Technologies, Inc. (NYSE:LUMN) Given Consensus Rating of “Hold” by Analysts

Lumen Technologies, Inc. (NYSE:LUMNGet Free Report) has earned an average rating of “Hold” from the ten research firms that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $4.58.

Separately, Raymond James Financial raised Lumen Technologies from a “market perform” rating to an “outperform” rating and set a $4.50 price objective on the stock in a report on Monday, May 5th.

Get Our Latest Stock Analysis on Lumen Technologies

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LUMN. Smartleaf Asset Management LLC raised its holdings in shares of Lumen Technologies by 173.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 6,745 shares of the technology company’s stock worth $36,000 after buying an additional 4,277 shares in the last quarter. Lazard Asset Management LLC boosted its stake in Lumen Technologies by 3,825.7% in the 4th quarter. Lazard Asset Management LLC now owns 7,498 shares of the technology company’s stock valued at $39,000 after buying an additional 7,307 shares in the last quarter. Conning Inc. bought a new stake in Lumen Technologies in the first quarter valued at $39,000. Quantinno Capital Management LP acquired a new position in Lumen Technologies during the fourth quarter worth $54,000. Finally, OneDigital Investment Advisors LLC bought a new position in shares of Lumen Technologies during the first quarter valued at $41,000. Institutional investors own 66.19% of the company’s stock.

Lumen Technologies Stock Performance

NYSE:LUMN opened at $4.53 on Friday. The firm’s 50-day moving average is $3.97 and its 200-day moving average is $4.57. The company has a market cap of $4.65 billion, a price-to-earnings ratio of -14.62 and a beta of 1.38. The company has a debt-to-equity ratio of 59.98, a quick ratio of 1.21 and a current ratio of 1.21. Lumen Technologies has a 52-week low of $0.97 and a 52-week high of $10.33.

Lumen Technologies (NYSE:LUMNGet Free Report) last released its earnings results on Thursday, May 1st. The technology company reported ($0.13) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.16. The business had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.12 billion. Lumen Technologies had a negative return on equity of 75.08% and a negative net margin of 2.41%. The firm’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same period last year, the business earned ($0.04) earnings per share. Equities research analysts anticipate that Lumen Technologies will post -0.87 earnings per share for the current year.

About Lumen Technologies

(Get Free Report

Lumen Technologies, Inc, a facilities-based technology and communications company, provides various integrated products and services to business and residential customers in the United States and internationally. The company operates in two segments, Business and Mass Markets. It offers dark fiber, edge cloud services, internet protocol, managed security, software-defined wide area networks, secure access service edge, unified communications and collaboration, and optical wavelengths services; ethernet and VPN data networks services; and legacy services to manage cash flow, including time division multiplexing voice, private line, and other legacy services, as well as sells communication equipment, and IT solutions.

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Analyst Recommendations for Lumen Technologies (NYSE:LUMN)

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