Lumen Technologies (NYSE:LUMN) Cut to Sell at Wall Street Zen

Key Points

• Wall Street Zen downgraded Lumen Technologies from a "hold" to a "sell"; analysts remain mixed with a consensus "Hold" rating and an average price target of $7.25.
• Lumen beat quarterly EPS ($0.23 vs. a -$0.21 estimate) even as revenue fell 8.7% year‑over‑year, and analysts expect Lumen to post about -$0.09 EPS for the current year.
• CEO Kathleen E. Johnson bought 78,685 shares at roughly $6.35 (~$499,650), while insider selling also occurred; the stock trades near $8.85 with a market cap of about $9.11 billion.

Lumen Technologies (NYSE:LUMN - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report issued on Saturday.

Several other brokerages also recently weighed in on LUMN. The Goldman Sachs Group upped their target price on Lumen Technologies from $5.50 to $7.25 and gave the stock a "neutral" rating in a research report on Wednesday, February 4th. Raymond James Financial reiterated a "market perform" rating on shares of Lumen Technologies in a report on Wednesday, February 4th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Lumen Technologies in a report on Tuesday. UBS Group raised their target price on Lumen Technologies from $5.00 to $6.00 and gave the company a "neutral" rating in a report on Thursday, February 5th. Finally, Zacks Research upgraded Lumen Technologies from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $7.25.

Lumen Technologies Price Performance

LUMN opened at $8.85 on Friday. The stock has a market capitalization of $9.11 billion, a price-to-earnings ratio of -5.08 and a beta of 1.52. The business has a 50-day moving average of $7.33 and a two-hundred day moving average of $7.95. Lumen Technologies has a 12 month low of $3.25 and a 12 month high of $11.95.

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

Insider Activity at Lumen Technologies

In other Lumen Technologies news, CEO Kathleen E. Johnson acquired 78,685 shares of the company's stock in a transaction on Thursday, February 5th. The shares were bought at an average cost of $6.35 per share, for a total transaction of $499,649.75. Following the acquisition, the chief executive officer directly 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Diankha Linear sold 45,000 shares of Lumen Technologies stock in a transaction that occurred 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 sale, the director owned 198,229 shares in the company, valued at $1,564,026.81. This represents a 18.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Lumen Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the business. UMB Bank n.a. increased its holdings in Lumen Technologies by 49.1% during the 3rd quarter. UMB Bank n.a. now owns 4,105 shares of the technology company's stock worth $25,000 after purchasing an additional 1,351 shares during the last quarter. Kemnay Advisory Services Inc. purchased a new stake in Lumen Technologies during the 4th quarter worth approximately $25,000. International Assets Investment Management LLC bought a new stake in shares of Lumen Technologies in the 4th quarter valued at approximately $30,000. Fifth Third Bancorp increased its holdings in shares of Lumen Technologies by 24.5% in the 3rd quarter. Fifth Third Bancorp now owns 5,343 shares of the technology company's stock valued at $33,000 after acquiring an additional 1,051 shares during the last quarter. Finally, Los Angeles Capital Management LLC bought a new stake in shares of Lumen Technologies in the 4th quarter valued at approximately $35,000. 66.19% of the stock is currently owned by hedge funds and other institutional investors.

Lumen Technologies Company Profile

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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