Lumen Technologies (NYSE:LUMN) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Key Points

• Royal Bank of Canada raised its price target on Lumen from $4.25 to $8.00 and kept a "sector perform" rating, with that $8 target implying only about a 1.33% upside from the stock's ~$7.90 price.
• Analyst sentiment is mixed but leans toward caution: the consensus rating is "Hold" (1 Buy, 5 Hold, 1 Sell) with an average price target of $6.72 and recent divergent actions from firms like Citigroup, Raymond James, Goldman and Weiss.
• Key fundamentals highlight risks: market cap ~$8.1B, 12‑month range $3.01–$11.95, negative P/E and net margin, and sell-side forecasts expect about -0.87 EPS for the current year despite a recent quarterly EPS print.

Lumen Technologies (NYSE:LUMN - Get Free Report) had its target price increased by equities researchers at Royal Bank Of Canada from $4.25 to $8.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a "sector perform" rating on the technology company's stock. Royal Bank Of Canada's target price would suggest a potential upside of 1.33% from the stock's current price.

Several other analysts have also recently weighed in on LUMN. Citigroup cut shares of Lumen Technologies from a "buy" rating to a "neutral" rating and set a $11.00 price objective on the stock. in a research report on Friday, October 31st. Wall Street Zen upgraded Lumen Technologies from a "sell" rating to a "hold" rating in a report on Sunday, November 9th. Raymond James Financial raised their price objective on Lumen Technologies from $4.50 to $5.00 and gave the company an "outperform" rating in a report on Friday, August 1st. The Goldman Sachs Group lifted their price target on shares of Lumen Technologies from $4.10 to $4.60 and gave the stock a "neutral" rating in a research note on Friday, October 3rd. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Lumen Technologies in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $6.72.

Lumen Technologies Price Performance

Shares of Lumen Technologies stock traded up $0.19 during trading on Tuesday, hitting $7.90. The stock had a trading volume of 3,686,128 shares, compared to its average volume of 14,377,360. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 59.98. Lumen Technologies has a 12 month low of $3.01 and a 12 month high of $11.95. The firm has a market cap of $8.10 billion, a price-to-earnings ratio of -6.73 and a beta of 1.45. The business's 50-day moving average is $7.72 and its 200 day moving average is $5.56.

Lumen Technologies (NYSE:LUMN - Get Free Report) last announced its earnings results on Friday, January 27th. The technology company reported $0.49 earnings per share for the quarter. The business had revenue of $4.05 billion for the quarter. Lumen Technologies had a negative return on equity of 158.40% and a negative net margin of 9.19%. As a group, sell-side analysts anticipate that Lumen Technologies will post -0.87 earnings per share for the current year.

Institutional Investors Weigh In On Lumen Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of LUMN. UMB Bank n.a. grew its stake in shares of Lumen Technologies by 49.1% in the 3rd quarter. UMB Bank n.a. now owns 4,105 shares of the technology company's stock worth $25,000 after buying an additional 1,351 shares during the last quarter. Farther Finance Advisors LLC lifted its position in Lumen Technologies by 132.3% in the 2nd quarter. Farther Finance Advisors LLC now owns 5,954 shares of the technology company's stock valued at $26,000 after acquiring an additional 3,391 shares in the last quarter. MRP Capital Investments LLC raised its stake in shares of Lumen Technologies by 160.0% in the second quarter. MRP Capital Investments LLC now owns 6,500 shares of the technology company's stock worth $28,000 after purchasing an additional 4,000 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Lumen Technologies by 3,527.9% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 6,639 shares of the technology company's stock valued at $29,000 after acquiring an additional 6,456 shares during the last quarter. Finally, Fifth Third Bancorp raised its holdings in shares of Lumen Technologies by 24.5% during 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 last quarter. Hedge funds and other institutional investors own 66.19% of the company's stock.

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.

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