Lumen Technologies, Inc. (NYSE:LUMN - Get Free Report) has earned a consensus rating of "Reduce" from the nine brokerages that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $4.59.
LUMN has been the subject of several research analyst reports. Citigroup upgraded Lumen Technologies from a "neutral" rating to a "buy" rating and lowered their price target for the stock from $8.00 to $6.50 in a research report on Wednesday, February 26th. Wells Fargo & Company raised Lumen Technologies from an "underweight" rating to an "equal weight" rating and set a $5.00 target price for the company in a research report on Friday, February 21st. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a $4.25 price target on shares of Lumen Technologies in a research report on Monday, February 10th.
Get Our Latest Stock Report on Lumen Technologies
Institutional Investors Weigh In On Lumen Technologies
Several hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC raised its stake in Lumen Technologies by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 23,344,313 shares of the technology company's stock valued at $165,776,000 after acquiring an additional 383,693 shares during the last quarter. Northern Trust Corp raised its position in Lumen Technologies by 8.6% during the 4th quarter. Northern Trust Corp now owns 12,354,499 shares of the technology company's stock worth $65,602,000 after buying an additional 982,206 shares during the last quarter. Norges Bank acquired a new stake in shares of Lumen Technologies in the 4th quarter valued at approximately $63,638,000. Renaissance Technologies LLC lifted its holdings in Lumen Technologies by 76.3% in the fourth quarter. Renaissance Technologies LLC now owns 11,664,009 shares of the technology company's stock valued at $61,936,000 after acquiring an additional 5,049,709 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Lumen Technologies by 368.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 9,812,495 shares of the technology company's stock worth $52,111,000 after purchasing an additional 7,717,596 shares in the last quarter. Institutional investors and hedge funds own 66.19% of the company's stock.
Lumen Technologies Trading Down 5.3 %
Shares of NYSE LUMN traded down $0.24 during mid-day trading on Thursday, reaching $4.17. 17,474,067 shares of the company's stock were exchanged, compared to its average volume of 18,440,590. The company's 50-day moving average is $4.98 and its 200-day moving average is $6.07. The company has a debt-to-equity ratio of 37.70, a quick ratio of 1.20 and a current ratio of 1.21. The firm has a market capitalization of $4.22 billion, a price-to-earnings ratio of -83.28 and a beta of 1.28. Lumen Technologies has a 52-week low of $0.97 and a 52-week high of $10.33.
Lumen Technologies (NYSE:LUMN - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The technology company reported $0.09 earnings per share for the quarter, beating analysts' consensus estimates of ($0.05) by $0.14. Lumen Technologies had a negative net margin of 0.42% and a negative return on equity of 46.17%. Analysts expect that Lumen Technologies will post -0.87 EPS for the current fiscal year.
About Lumen Technologies
(
Get Free ReportLumen 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.
Featured Stories
Before you consider Lumen Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lumen Technologies wasn't on the list.
While Lumen Technologies currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
