Lumen Technologies (NYSE:LUMN) Upgraded to Hold at Wall Street Zen

Key Points

• Wall Street Zen upgraded Lumen from "sell" to "hold"; MarketBeat shows an average analyst rating of Hold (1 Strong Buy, 6 Hold, 1 Sell) with an average target price of $7.25 and recent price-target raises from UBS and Goldman Sachs.
• Earnings beat but revenue declined: Lumen reported $0.23 EPS vs. consensus (‑$0.21) and $3.04B in revenue (in line), though revenue was down 8.7% year‑over‑year and analysts forecast -0.09 EPS for the current fiscal year; the stock opened at $9.30 with a $9.58B market cap.
• Notable insider activity: CEO Kathleen E. Johnson purchased 78,685 shares at ~$6.35 while director Diankha Linear sold 45,000 shares, and insiders now own about 2.30% of the company.

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

Other equities research analysts also recently issued research reports about the company. Zacks Research raised Lumen Technologies from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 8th. Weiss Ratings reissued a "sell (d-)" rating on shares of Lumen Technologies in a report on Tuesday, April 21st. Raymond James Financial reissued a "market perform" rating on shares of Lumen Technologies in a report on Wednesday, February 4th. UBS Group raised their price target on Lumen Technologies from $5.00 to $6.00 and gave the stock a "neutral" rating in a report on Thursday, February 5th. Finally, The Goldman Sachs Group raised their price target on Lumen Technologies from $5.50 to $7.25 and gave the stock a "neutral" rating in a report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $7.25.

Lumen Technologies Stock Up 5.2%

NYSE LUMN opened at $9.30 on Friday. The business has a 50-day moving average price of $7.38 and a 200-day moving average price of $8.01. The firm has a market cap of $9.58 billion, a price-to-earnings ratio of -5.34 and a beta of 1.65. Lumen Technologies has a twelve month low of $3.37 and a twelve month high of $11.95.

Lumen Technologies (NYSE:LUMN - Get Free Report) last posted its earnings results on Tuesday, February 3rd. The technology company reported $0.23 earnings per share for the quarter, topping analysts' consensus estimates of ($0.21) by $0.44. The company had revenue of $3.04 billion for the quarter, compared to analysts' expectations of $3.04 billion. During the same quarter in the prior year, the company earned $0.09 EPS. The firm's quarterly revenue was down 8.7% on a year-over-year basis. Research analysts expect that Lumen Technologies will post -0.09 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Diankha Linear sold 45,000 shares of the business's 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 completion of the sale, the director directly owned 198,229 shares in the company, valued at $1,564,026.81. The trade was a 18.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Kathleen E. Johnson acquired 78,685 shares of the business's stock in a transaction dated Thursday, February 5th. The stock was acquired at an average price of $6.35 per share, with a total value of $499,649.75. Following the completion of the transaction, the chief executive officer directly owned 8,562,582 shares of the company's stock, valued at approximately $54,372,395.70. This represents a 0.93% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 2.30% of the stock is owned by insiders.

Institutional Trading of Lumen Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in the business. UMB Bank n.a. raised its holdings in Lumen Technologies by 49.1% in the 3rd quarter. UMB Bank n.a. now owns 4,105 shares of the technology company's stock valued at $25,000 after acquiring an additional 1,351 shares during the last quarter. Kemnay Advisory Services Inc. acquired a new stake in shares of Lumen Technologies in the fourth quarter valued at approximately $25,000. Ascentis Independent Advisors acquired a new stake in shares of Lumen Technologies in the first quarter valued at approximately $27,000. International Assets Investment Management LLC acquired a new stake in shares of Lumen Technologies in the fourth quarter valued at approximately $30,000. Finally, Fifth Third Bancorp increased its holdings in shares of Lumen Technologies by 24.5% in 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. 66.19% of the stock is currently owned by hedge funds and other institutional investors.

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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