Lumen Technologies, Inc. (NYSE:LUMN) Given Consensus Rating of "Hold" by Brokerages

Key Points

• Consensus "Hold": Eight research firms cover Lumen with a consensus Hold rating (1 sell, 6 hold, 1 strong buy) and an average 12‑month target price of $7.25.
• Quarterly results mixed: Lumen reported an EPS beat of $0.23 versus consensus −$0.21 and revenue of $3.04B (down 8.7% YoY), while analysts still forecast −$0.09 EPS for the full year.
• Mixed insider activity: CEO Kathleen Johnson purchased 78,685 shares (~$499,650) while a director sold 45,000 shares; company insiders own about 2.30% of shares.

Lumen Technologies, Inc. (NYSE:LUMN - Get Free Report) has received a consensus recommendation of "Hold" from the eight research firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $7.25.

LUMN has been the subject of several research analyst reports. The Goldman Sachs Group raised their price target on Lumen Technologies from $5.50 to $7.25 and gave the stock a "neutral" rating in a research report on Wednesday, February 4th. Weiss Ratings restated a "sell (d-)" rating on shares of Lumen Technologies in a research report on Tuesday. Wall Street Zen upgraded Lumen Technologies from a "sell" rating to a "hold" rating in a research report on Sunday, March 8th. Zacks Research upgraded Lumen Technologies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 8th. Finally, Citigroup lowered their price target on Lumen Technologies from $11.00 to $10.00 and set a "neutral" rating for the company in a research report on Thursday, February 5th.

Lumen Technologies Stock Down 2.6%

LUMN opened at $9.02 on Friday. Lumen Technologies has a 52 week low of $3.23 and a 52 week high of $11.95. The business has a fifty day simple moving average of $7.32 and a 200-day simple moving average of $7.94. The firm has a market cap of $9.29 billion, a P/E ratio of -5.18 and a beta of 1.52.

Lumen Technologies (NYSE:LUMN - Get Free Report) last released its quarterly earnings results on Tuesday, February 3rd. The technology company reported $0.23 EPS for the quarter, topping the consensus estimate of ($0.21) by $0.44. The firm had revenue of $3.04 billion for the quarter, compared to analysts' expectations of $3.04 billion. During the same quarter in the prior year, the business earned $0.09 earnings per share. The company's quarterly revenue was down 8.7% on a year-over-year basis. Sell-side analysts expect that Lumen Technologies will post -0.09 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Diankha Linear sold 45,000 shares of Lumen Technologies stock in a transaction on Friday, February 20th. The stock was sold at an average price of $7.89, for a total value of $355,050.00. Following the completion of the transaction, the director directly owned 198,229 shares in the company, valued at approximately $1,564,026.81. This trade represents a 18.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Kathleen E. Johnson bought 78,685 shares of the firm'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 owned 8,562,582 shares of the company's stock, valued at $54,372,395.70. This trade represents a 0.93% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 2.30% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of LUMN. UMB Bank n.a. boosted its holdings in Lumen Technologies by 49.1% in the third quarter. UMB Bank n.a. now owns 4,105 shares of the technology company's stock valued at $25,000 after purchasing an additional 1,351 shares during the period. Kemnay Advisory Services Inc. purchased a new position in Lumen Technologies in the fourth quarter valued at $25,000. International Assets Investment Management LLC purchased a new position in Lumen Technologies in the fourth quarter valued at $30,000. Fifth Third Bancorp boosted its holdings in Lumen Technologies by 24.5% in the third quarter. Fifth Third Bancorp now owns 5,343 shares of the technology company's stock valued at $33,000 after purchasing an additional 1,051 shares during the period. Finally, Los Angeles Capital Management LLC purchased a new position in Lumen Technologies in the fourth quarter valued at $35,000. 66.19% of the stock is currently owned by hedge funds and other institutional investors.

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.

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