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

Shares of Lumen Technologies, Inc. (NYSE:LUMN - Get Free Report) have received a consensus recommendation of "Hold" from the eleven research firms that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $4.58.

Several equities analysts recently commented on the stock. BNP Paribas upgraded shares of Lumen Technologies to a "hold" rating in a report on Wednesday, June 25th. Raymond James Financial upgraded shares of Lumen Technologies from a "market perform" rating to an "outperform" rating and set a $4.50 price target on the stock in a report on Monday, May 5th. Finally, Wall Street Zen downgraded shares of Lumen Technologies from a "hold" rating to a "sell" rating in a report on Saturday.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in LUMN. Farther Finance Advisors LLC raised its holdings in shares of Lumen Technologies by 132.3% in the second quarter. Farther Finance Advisors LLC now owns 5,954 shares of the technology company's stock worth $26,000 after buying an additional 3,391 shares during the last quarter. Lazard Asset Management LLC raised its holdings in shares of Lumen Technologies by 3,825.7% in the fourth quarter. Lazard Asset Management LLC now owns 7,498 shares of the technology company's stock worth $39,000 after buying an additional 7,307 shares during the last quarter. Conning Inc. purchased a new position in shares of Lumen Technologies in the first quarter worth $39,000. OneDigital Investment Advisors LLC purchased a new position in shares of Lumen Technologies in the first quarter worth $41,000. Finally, Meeder Advisory Services Inc. purchased a new position in shares of Lumen Technologies during the first quarter worth $41,000. Hedge funds and other institutional investors own 66.19% of the company's stock.

Lumen Technologies Price Performance

Shares of NYSE LUMN traded down $0.08 during mid-day trading on Wednesday, hitting $4.34. 6,478,661 shares of the company's stock traded hands, compared to its average volume of 9,538,203. The company's 50-day moving average is $4.22 and its two-hundred day moving average is $4.38. The company has a debt-to-equity ratio of 59.98, a current ratio of 1.21 and a quick ratio of 1.21. The company has a market capitalization of $4.45 billion, a P/E ratio of -13.98 and a beta of 1.39. Lumen Technologies has a 1 year low of $1.68 and a 1 year high of $10.33.

Lumen Technologies (NYSE:LUMN - Get Free Report) last announced its earnings results on Thursday, May 1st. The technology company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.29) by $0.16. The firm had revenue of $3.18 billion for 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 business's revenue was down 3.3% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.04) EPS. On average, equities analysts anticipate that Lumen Technologies will post -0.87 EPS for the current fiscal year.

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.