Lumen Technologies, Inc. (NYSE:LUMN) Receives $7.25 Consensus Target Price from Analysts

Shares of Lumen Technologies, Inc. (NYSE:LUMN) have received an average rating of “Hold” from the eight ratings firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $7.25.

Several equities analysts recently issued reports on the company. UBS Group lifted their price objective on Lumen Technologies from $5.00 to $6.00 and gave the stock a “neutral” rating in a report on Thursday, February 5th. Zacks Research raised Lumen Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 8th. Raymond James Financial restated a “market perform” rating on shares of Lumen Technologies in a research report on Wednesday, February 4th. Citigroup decreased their price objective on shares of Lumen Technologies from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Thursday, February 5th. Finally, Royal Bank Of Canada increased their price objective on shares of Lumen Technologies from $4.25 to $8.00 and gave the company a “sector perform” rating in a research note on Tuesday, November 25th.

Lumen Technologies Trading Up 0.1%

Shares of LUMN opened at $6.63 on Thursday. Lumen Technologies has a twelve month low of $3.01 and a twelve month high of $11.95. The firm has a market capitalization of $6.79 billion, a P/E ratio of -3.81 and a beta of 1.56. The firm’s 50-day moving average is $7.89 and its two-hundred day moving average is $7.56.

Lumen Technologies (NYSE:LUMN) last posted its quarterly earnings results on Tuesday, February 3rd. The technology company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.44. The company had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $3.04 billion. Lumen Technologies had a negative net margin of 14.02% and a negative return on equity of 158.40%. The company’s revenue for the quarter was down 8.7% on a year-over-year basis. During the same period last year, the firm earned $0.09 EPS. Analysts predict that Lumen Technologies will post -0.87 EPS for the current year.

Insider Activity

In other Lumen Technologies news, CEO Kathleen E. Johnson acquired 78,685 shares of the company’s stock in a transaction dated Thursday, February 5th. The stock was acquired at an average cost of $6.35 per share, with a total value of $499,649.75. Following the purchase, the chief executive officer directly owned 8,562,582 shares in the company, valued at approximately $54,372,395.70. This trade represents a 0.93% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director Diankha Linear sold 45,000 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $7.89, for a total value of $355,050.00. Following the completion of the sale, the director directly owned 198,229 shares in the company, valued at approximately $1,564,026.81. The trade was a 18.50% decrease in their position. The SEC filing for this sale provides additional information. 2.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Lumen Technologies

Hedge funds have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Lumen Technologies by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 602,705 shares of the technology company’s stock valued at $2,363,000 after acquiring an additional 26,305 shares in the last quarter. Empowered Funds LLC raised its stake in Lumen Technologies by 26.8% in the 1st quarter. Empowered Funds LLC now owns 272,031 shares of the technology company’s stock valued at $1,066,000 after purchasing an additional 57,522 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Lumen Technologies by 11.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,985,216 shares of the technology company’s stock valued at $11,702,000 after purchasing an additional 300,328 shares during the last quarter. Y Intercept Hong Kong Ltd lifted its holdings in Lumen Technologies by 99.8% in the 2nd quarter. Y Intercept Hong Kong Ltd now owns 25,000 shares of the technology company’s stock valued at $110,000 after purchasing an additional 12,488 shares in the last quarter. Finally, Teacher Retirement System of Texas boosted its stake in shares of Lumen Technologies by 4.9% during the 2nd quarter. Teacher Retirement System of Texas now owns 147,843 shares of the technology company’s stock worth $648,000 after purchasing an additional 6,883 shares during the last quarter. Hedge funds and other institutional investors own 66.19% of the company’s stock.

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.