Lumen Technologies, Inc. (NYSE:LUMN) Receives Average Rating of “Hold” from Brokerages

Lumen Technologies, Inc. (NYSE:LUMN) has been assigned an average recommendation of “Hold” from the seven analysts that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $6.72.

Several research firms have weighed in on LUMN. Wall Street Zen upgraded shares of Lumen Technologies from a “sell” rating to a “hold” rating in a research report on Sunday, November 9th. Citigroup cut Lumen Technologies from a “buy” rating to a “neutral” rating and set a $11.00 price target for the company. in a research report on Friday, October 31st. The Goldman Sachs Group upped their target price on Lumen Technologies from $4.10 to $4.60 and gave the stock a “neutral” rating in a research report on Friday, October 3rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lumen Technologies in a report on Wednesday, October 8th. Finally, Royal Bank Of Canada boosted their price objective on shares of Lumen Technologies from $4.25 to $8.00 and gave the stock a “sector perform” rating in a research note on Tuesday, November 25th.

Hedge Funds Weigh In On Lumen Technologies

Several large investors have recently made changes to their positions in the business. LPL Financial LLC increased its position in Lumen Technologies by 1.0% in the 1st quarter. LPL Financial LLC now owns 380,016 shares of the technology company’s stock worth $1,490,000 after buying an additional 3,927 shares during the period. Russell Investments Group Ltd. grew its stake in shares of Lumen Technologies by 270.1% in the first quarter. Russell Investments Group Ltd. now owns 290,475 shares of the technology company’s stock worth $1,139,000 after acquiring an additional 211,983 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. increased its position in Lumen Technologies by 29.4% during the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 87,430 shares of the technology company’s stock worth $341,000 after acquiring an additional 19,886 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in Lumen Technologies by 141.4% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 51,125 shares of the technology company’s stock valued at $200,000 after purchasing an additional 29,947 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in Lumen Technologies by 60.8% in the 1st quarter. Smartleaf Asset Management LLC now owns 10,847 shares of the technology company’s stock valued at $43,000 after purchasing an additional 4,102 shares during the period. Institutional investors and hedge funds own 66.19% of the company’s stock.

Lumen Technologies Trading Up 4.1%

Shares of NYSE:LUMN opened at $8.16 on Friday. The stock has a market capitalization of $8.37 billion, a price-to-earnings ratio of -4.94 and a beta of 1.42. Lumen Technologies has a 1-year low of $3.01 and a 1-year high of $11.95. The company has a 50 day moving average price of $8.54 and a 200 day moving average price of $6.11. The company has a debt-to-equity ratio of 59.98, a quick ratio of 2.21 and a current ratio of 2.21.

Lumen Technologies (NYSE:LUMN) last released its quarterly earnings data on Friday, January 27th. The technology company reported $0.49 earnings per share for the quarter. The business had revenue of $4.05 billion during the quarter. Lumen Technologies had a negative return on equity of 158.40% and a negative net margin of 13.02%. On average, research analysts anticipate that Lumen Technologies will post -0.87 EPS for the current fiscal year.

About Lumen Technologies

Lumen Technologies is a multinational technology company specializing in integrated network, edge cloud, security and collaboration services for enterprise and public sector clients. The company’s core offerings include high-capacity fiber and IP-based connectivity, managed edge computing solutions designed to accelerate applications and data processing closer to end users, and cybersecurity services ranging from DDoS protection to unified threat management. Through its unified portfolio, Lumen enables organizations to support digital transformation initiatives, modernize infrastructure and enhance operational resilience.

Leveraging one of the largest fiber footprints in North America, as well as infrastructure in Latin America and parts of Europe, Lumen connects customers across more than 60 countries.