Lumen Technologies, Inc. (NYSE:LUMN) Receives Average Recommendation of "Reduce" from Analysts

Lumen Technologies, Inc. (NYSE:LUMN - Get Free Report) has received a consensus rating of "Reduce" from the nine research firms that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $4.59.

Several analysts have recently issued reports on LUMN shares. Citigroup upgraded Lumen Technologies from a "neutral" rating to a "buy" rating and reduced their price objective for the company from $8.00 to $6.50 in a research note on Wednesday, February 26th. Wells Fargo & Company raised shares of Lumen Technologies from an "underweight" rating to an "equal weight" rating and set a $5.00 target price on the stock in a report on Friday, February 21st. Finally, Royal Bank of Canada restated a "sector perform" rating and issued a $4.25 price objective on shares of Lumen Technologies in a report on Monday, February 10th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased 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 valued at $36,000 after acquiring an additional 4,277 shares during the period. Lazard Asset Management LLC grew its position in Lumen Technologies by 3,825.7% during the 4th quarter. Lazard Asset Management LLC now owns 7,498 shares of the technology company's stock worth $39,000 after purchasing an additional 7,307 shares during the last quarter. Ritholtz Wealth Management acquired a new position in Lumen Technologies in the first quarter valued at $43,000. R Squared Ltd purchased a new stake in shares of Lumen Technologies in the fourth quarter valued at about $48,000. Finally, Quantinno Capital Management LP acquired a new stake in shares of Lumen Technologies during the fourth quarter worth about $54,000. Institutional investors and hedge funds own 66.19% of the company's stock.

Lumen Technologies Trading Down 0.2 %

NYSE LUMN traded down $0.01 on Monday, reaching $3.28. The stock had a trading volume of 8,949,564 shares, compared to its average volume of 19,193,290. Lumen Technologies has a 12-month low of $0.97 and a 12-month high of $10.33. The company has a quick ratio of 1.20, a current ratio of 1.21 and a debt-to-equity ratio of 37.70. The stock has a fifty day moving average price of $4.32 and a two-hundred day moving average price of $5.68. The firm has a market capitalization of $3.36 billion, a price-to-earnings ratio of -65.49 and a beta of 1.29.

Lumen Technologies (NYSE:LUMN - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The technology company reported $0.09 earnings per share (EPS) for the quarter, topping 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%. As a group, sell-side analysts forecast that Lumen Technologies will post -0.87 EPS for the current fiscal year.

About Lumen Technologies

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.