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

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

A number of research firms recently commented on LUMN. Citigroup raised Lumen Technologies from a "neutral" rating to a "buy" rating and lowered their price target for the stock from $8.00 to $6.50 in a report 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 reaffirmed a "sector perform" rating and set a $4.25 target price on shares of Lumen Technologies in a research note on Monday, February 10th.

Institutional Investors Weigh In On Lumen Technologies

Large investors have recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC raised its holdings in Lumen Technologies by 173.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 6,745 shares of the technology company's stock valued at $36,000 after buying an additional 4,277 shares during the period. Lazard Asset Management LLC grew its holdings 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 valued at $39,000 after purchasing an additional 7,307 shares during the last quarter. Ritholtz Wealth Management bought a new stake in Lumen Technologies in the first quarter worth about $43,000. R Squared Ltd purchased a new stake in shares of Lumen Technologies in the fourth quarter worth approximately $48,000. Finally, Quantinno Capital Management LP purchased a new position in Lumen Technologies during the 4th quarter valued at $54,000. 66.19% of the stock is owned by institutional investors.

Lumen Technologies Stock Performance

Shares of NYSE LUMN traded down $0.20 during trading on Monday, hitting $3.09. The company had a trading volume of 10,298,464 shares, compared to its average volume of 19,202,547. The stock has a 50 day simple moving average of $4.29 and a 200 day simple moving average of $5.64. The firm has a market capitalization of $3.17 billion, a P/E ratio of -61.79 and a beta of 1.29. Lumen Technologies has a 12 month low of $0.97 and a 12 month high of $10.33. The company has a debt-to-equity ratio of 37.70, a quick ratio of 1.20 and a current ratio of 1.21.

Lumen Technologies (NYSE:LUMN - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The technology company reported $0.09 EPS for the quarter, beating the consensus estimate 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, analysts anticipate that Lumen Technologies will post -0.87 earnings per share for the current 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.