Citigroup Has Lowered Expectations for Lumen Technologies (NYSE:LUMN) Stock Price

Lumen Technologies (NYSE:LUMN) had its price objective lowered by investment analysts at Citigroup from $11.00 to $10.00 in a report released on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the technology company’s stock. Citigroup’s target price points to a potential upside of 24.07% from the company’s previous close.

LUMN has been the topic of a number of other research reports. The Goldman Sachs Group upped their price target on shares of Lumen Technologies from $5.50 to $7.25 and gave the stock a “neutral” rating in a research note on Wednesday. UBS Group upped their target price on shares of Lumen Technologies from $5.00 to $6.00 and gave the stock a “neutral” rating in a research note on Thursday. Zacks Research upgraded shares of Lumen Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 8th. Raymond James Financial reaffirmed a “market perform” rating on shares of Lumen Technologies in a research report on Wednesday. Finally, Royal Bank Of Canada lifted their target price on Lumen Technologies from $4.25 to $8.00 and gave the stock a “sector perform” rating in a report on Tuesday, November 25th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Lumen Technologies has an average rating of “Hold” and an average price target of $6.88.

Lumen Technologies Stock Up 29.4%

Shares of LUMN opened at $8.06 on Thursday. The stock has a market cap of $8.27 billion, a P/E ratio of -4.63 and a beta of 1.51. The business’s 50 day moving average price is $8.21 and its 200-day moving average price is $7.04. Lumen Technologies has a 52 week low of $3.01 and a 52 week high of $11.95.

Lumen Technologies (NYSE:LUMN) last announced its quarterly earnings data 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. Lumen Technologies had a negative return on equity of 158.40% and a negative net margin of 14.02%.The business had revenue of $3.04 billion during the quarter, compared to analysts’ expectations of $3.04 billion. During the same quarter in the previous year, the business earned $0.09 earnings per share. The firm’s quarterly revenue was down 8.7% compared to the same quarter last year. On average, equities analysts anticipate that Lumen Technologies will post -0.87 EPS for the current year.

Insider Activity

In other news, CEO Kathleen E. Johnson acquired 78,685 shares of the business’s stock in a transaction that occurred on Thursday, February 5th. The stock was bought at an average price of $6.35 per share, with a total value of $499,649.75. Following the completion of the acquisition, the chief executive officer directly owned 8,562,582 shares of the company’s stock, valued at approximately $54,372,395.70. The trade was a 0.93% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Norges Bank bought a new position in shares of Lumen Technologies in the 2nd quarter worth approximately $47,923,000. Curi Capital LLC purchased a new stake in Lumen Technologies during the second quarter valued at approximately $14,144,000. Vaughan Nelson Investment Management L.P. bought a new position in Lumen Technologies in the third quarter worth approximately $18,439,000. Penn Capital Management Company LLC purchased a new position in shares of Lumen Technologies during the 3rd quarter worth $16,837,000. Finally, AIGH Capital Management LLC bought a new stake in shares of Lumen Technologies during the 3rd quarter valued at $15,606,000. 66.19% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Lumen Technologies

Here are the key news stories impacting Lumen Technologies this week:

• Positive Sentiment: CEO Kathleen (Kate) Johnson purchased ~78,685 shares (~$499.6k) at about $6.35 on Feb. 5, a near 1% increase in her stake — a strong insider signal that likely supported buyer demand. Read More. Read More.
• Positive Sentiment: Recent quarterly results showed an EPS beat and management highlighted AI-driven fiber demand and enterprise/network wins; revenue topped some estimates — supportive fundamental news for recovery narrative. Read More.
• Neutral Sentiment: Major brokers remain mixed: J.P. Morgan moved to “Hold” (neutral), UBS nudged its target up from $5 to $6 while staying neutral, and Goldman raised its target modestly — these provide incremental support but no strong bullish upgrade. Read More. Read More.
• Negative Sentiment: Unusually large put‑option activity: about 76,952 puts traded (a ~157% jump vs. typical daily put volume) — suggests elevated bearish bets or hedging that can pressure the stock or increase intraday volatility.
• Negative Sentiment: Citigroup cut its price target (from $11 to $10), and other coverage has highlighted year‑over‑year revenue declines (~8–9% in the quarter) — reminders that growth re‑acceleration remains uncertain. Read More.
• Negative Sentiment: Coverage noted a prior sharp intraday drop (~19.7%), underscoring recent volatility and the potential for outsized moves on mixed news or analyst actions. Read More.

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.