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

Lumen Technologies, Inc. (NYSE:LUMN) has been given a consensus rating of “Hold” by the ten ratings firms that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $4.58.

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

Lumen Technologies Stock Up 4.2%

Shares of Lumen Technologies stock opened at $4.53 on Friday. Lumen Technologies has a 1 year low of $0.97 and a 1 year high of $10.33. The company has a market cap of $4.65 billion, a P/E ratio of -14.62 and a beta of 1.38. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 59.98. The stock has a 50-day moving average price of $3.97 and a 200 day moving average price of $4.57.

Lumen Technologies (NYSE:LUMN) last posted its quarterly earnings results on Thursday, May 1st. The technology company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.29) by $0.16. The business had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.12 billion. Lumen Technologies had a negative net margin of 2.41% and a negative return on equity of 75.08%. The firm’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same period last year, the company posted ($0.04) earnings per share. As a group, analysts expect that Lumen Technologies will post -0.87 EPS for the current fiscal year.

Institutional Trading of Lumen Technologies

Several large investors have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC lifted its holdings in Lumen Technologies by 3.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 76,905 shares of the technology company’s stock worth $408,000 after purchasing an additional 2,220 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its position in shares of Lumen Technologies by 7.7% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 34,225 shares of the technology company’s stock worth $182,000 after purchasing an additional 2,457 shares during the last quarter. Los Angeles Capital Management LLC boosted its stake in Lumen Technologies by 20.3% during the 4th quarter. Los Angeles Capital Management LLC now owns 14,760 shares of the technology company’s stock valued at $78,000 after purchasing an additional 2,489 shares during the period. HB Wealth Management LLC grew its holdings in Lumen Technologies by 23.6% in the 1st quarter. HB Wealth Management LLC now owns 13,715 shares of the technology company’s stock valued at $54,000 after buying an additional 2,619 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its position in Lumen Technologies by 15.8% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 20,852 shares of the technology company’s stock worth $111,000 after buying an additional 2,844 shares during the period. Institutional investors own 66.19% of the company’s stock.

Lumen Technologies Company Profile

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.