Lumen Technologies (NYSE:LUMN) Stock Crosses Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Lumen Technologies shares crossed above its 200-day moving average (200‑day = $7.82), trading as high as $7.94 and last at $7.8160 on a volume of about 16.12 million shares.
• Analyst coverage is mixed — one Strong Buy, six Holds and one Sell — yielding an average rating of Hold and an average price target of $7.25.
• The company beat quarterly EPS estimates ($0.23 vs. consensus -$0.21) despite revenue falling 8.7% year‑over‑year; insiders were active (CEO bought ~78,685 shares while a director sold 45,000) and institutions now own roughly 66% of the stock.

Lumen Technologies, Inc. (NYSE:LUMN - Get Free Report) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $7.82 and traded as high as $7.94. Lumen Technologies shares last traded at $7.8160, with a volume of 16,119,092 shares changing hands.

Analyst Upgrades and Downgrades

LUMN has been the subject of several analyst reports. Zacks Research upgraded shares of Lumen Technologies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 8th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Lumen Technologies in a research note on Thursday, January 22nd. Wall Street Zen raised shares of Lumen Technologies from a "sell" rating to a "hold" rating in a research report on Sunday, March 8th. UBS Group raised their target price on Lumen Technologies from $5.00 to $6.00 and gave the company a "neutral" rating in a research note on Thursday, February 5th. Finally, Raymond James Financial reaffirmed a "market perform" rating on shares of Lumen Technologies in a research report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Lumen Technologies has an average rating of "Hold" and an average target price of $7.25.

Lumen Technologies Stock Up 5.1%

The firm has a market cap of $8.05 billion, a P/E ratio of -4.49 and a beta of 1.52. The business's 50 day moving average is $7.15 and its 200-day moving average is $7.82.

Lumen Technologies (NYSE:LUMN - Get Free Report) last announced its quarterly earnings data on Tuesday, February 3rd. The technology company reported $0.23 earnings per share for the quarter, topping the consensus estimate of ($0.21) by $0.44. The company had revenue of $3.04 billion for the quarter, compared to analyst estimates of $3.04 billion. Lumen Technologies's revenue was down 8.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.09 earnings per share. As a group, equities analysts predict that Lumen Technologies, Inc. will post -0.87 earnings per share for the current year.

Insider Activity

In related news, Director Diankha Linear sold 45,000 shares of Lumen Technologies stock in a transaction dated 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 Securities & Exchange Commission, which is accessible through this link. Also, CEO Kathleen E. Johnson acquired 78,685 shares of the stock in a transaction that occurred on Thursday, February 5th. The stock was purchased at an average cost 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. The trade was a 0.93% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 2.30% of the company's stock.

Institutional Investors Weigh In On Lumen Technologies

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Lumen Technologies by 1.2% in the third quarter. Vanguard Group Inc. now owns 113,552,549 shares of the technology company's stock worth $694,942,000 after purchasing an additional 1,295,177 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Lumen Technologies by 324.7% during the fourth quarter. JPMorgan Chase & Co. now owns 22,211,742 shares of the technology company's stock worth $172,585,000 after purchasing an additional 16,981,326 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Lumen Technologies by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 18,390,473 shares of the technology company's stock worth $142,894,000 after buying an additional 473,242 shares during the last quarter. Norges Bank bought a new position in shares of Lumen Technologies in the 4th quarter worth about $106,557,000. Finally, Front Street Capital Management Inc. boosted its holdings in shares of Lumen Technologies by 1.1% in the 2nd quarter. Front Street Capital Management Inc. now owns 11,969,084 shares of the technology company's stock valued at $52,425,000 after buying an additional 132,131 shares during the period. 66.19% of the stock is owned by institutional investors and hedge funds.

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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