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S&P 500   3,741.80 (-0.71%)
DOW   30,853.89 (-0.23%)
QQQ   300.18 (-1.29%)
AAPL   118.20 (-1.61%)
MSFT   226.90 (+0.07%)
FB   257.04 (-0.23%)
GOOGL   2,036.98 (+0.15%)
TSLA   558.41 (-10.14%)
AMZN   2,906.19 (-2.40%)
NVDA   471.37 (-4.74%)
BABA   229.56 (-0.41%)
CGC   28.66 (-7.58%)
GE   13.25 (-2.36%)
MU   84.03 (-0.36%)
NIO   34.60 (-11.91%)
AMD   74.79 (-3.81%)
T   29.44 (+1.80%)
F   11.81 (-1.01%)
ACB   8.83 (-10.08%)
DIS   184.31 (-1.98%)
BA   217.38 (-3.26%)
NFLX   501.22 (-1.97%)
BAC   36.40 (-0.27%)
S&P 500   3,741.80 (-0.71%)
DOW   30,853.89 (-0.23%)
QQQ   300.18 (-1.29%)
AAPL   118.20 (-1.61%)
MSFT   226.90 (+0.07%)
FB   257.04 (-0.23%)
GOOGL   2,036.98 (+0.15%)
TSLA   558.41 (-10.14%)
AMZN   2,906.19 (-2.40%)
NVDA   471.37 (-4.74%)
BABA   229.56 (-0.41%)
CGC   28.66 (-7.58%)
GE   13.25 (-2.36%)
MU   84.03 (-0.36%)
NIO   34.60 (-11.91%)
AMD   74.79 (-3.81%)
T   29.44 (+1.80%)
F   11.81 (-1.01%)
ACB   8.83 (-10.08%)
DIS   184.31 (-1.98%)
BA   217.38 (-3.26%)
NFLX   501.22 (-1.97%)
BAC   36.40 (-0.27%)
S&P 500   3,741.80 (-0.71%)
DOW   30,853.89 (-0.23%)
QQQ   300.18 (-1.29%)
AAPL   118.20 (-1.61%)
MSFT   226.90 (+0.07%)
FB   257.04 (-0.23%)
GOOGL   2,036.98 (+0.15%)
TSLA   558.41 (-10.14%)
AMZN   2,906.19 (-2.40%)
NVDA   471.37 (-4.74%)
BABA   229.56 (-0.41%)
CGC   28.66 (-7.58%)
GE   13.25 (-2.36%)
MU   84.03 (-0.36%)
NIO   34.60 (-11.91%)
AMD   74.79 (-3.81%)
T   29.44 (+1.80%)
F   11.81 (-1.01%)
ACB   8.83 (-10.08%)
DIS   184.31 (-1.98%)
BA   217.38 (-3.26%)
NFLX   501.22 (-1.97%)
BAC   36.40 (-0.27%)
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Lumen Technologies (NYSE:LUMN) Lowered to "Underweight" at Morgan Stanley

Last updated on Thursday, January 28, 2021 | 2021 MarketBeat

Lumen Technologies (NYSE:LUMN) was downgraded by research analysts at Morgan Stanley from an "equal weight" rating to an "underweight" rating in a research report issued to clients and investors on Thursday, The Fly reports.

Several other research analysts have also recently issued reports on the company. Oppenheimer raised Lumen Technologies from a "market perform" rating to an "outperform" rating and set a $15.00 target price on the stock in a research report on Thursday, November 5th. Zacks Investment Research cut Lumen Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, October 10th. Finally, TheStreet raised Lumen Technologies from a "c+" rating to a "b-" rating in a research report on Thursday, January 21st. Six equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. Lumen Technologies presently has a consensus rating of "Hold" and a consensus target price of $10.31.

NYSE LUMN opened at $15.36 on Thursday. Lumen Technologies has a one year low of $8.16 and a one year high of $16.60. The stock has a 50-day moving average of $10.50 and a 200 day moving average of $10.26. The company has a market capitalization of $16.85 billion, a price-to-earnings ratio of 12.91, a PEG ratio of 2.62 and a beta of 1.08. The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.60 and a current ratio of 0.60.

Lumen Technologies (NYSE:LUMN) last released its quarterly earnings data on Wednesday, November 4th. The technology company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.30 by $0.10. Lumen Technologies had a return on equity of 12.10% and a net margin of 6.05%. The company had revenue of $5.17 billion during the quarter, compared to the consensus estimate of $5.13 billion. During the same period last year, the company earned $0.31 EPS. Lumen Technologies's revenue for the quarter was down 3.4% on a year-over-year basis. On average, equities analysts predict that Lumen Technologies will post 1.51 earnings per share for the current fiscal year.

In related news, Director Martha Helena Bejar sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, December 17th. The stock was sold at an average price of $10.21, for a total value of $102,100.00. Following the transaction, the director now directly owns 55,880 shares of the company's stock, valued at approximately $570,534.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.60% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. CWM LLC purchased a new position in Lumen Technologies in the 4th quarter worth approximately $30,000. Allworth Financial LP bought a new stake in Lumen Technologies in the 4th quarter worth approximately $39,000. Clark Financial Advisors bought a new stake in Lumen Technologies in the 4th quarter worth approximately $43,000. FUKOKU MUTUAL LIFE INSURANCE Co bought a new stake in Lumen Technologies in the 4th quarter worth approximately $74,000. Finally, Accel Wealth Management bought a new stake in Lumen Technologies in the 4th quarter worth approximately $79,000. 78.63% of the stock is currently owned by institutional investors.

About Lumen Technologies

Lumen Technologies, Inc, a facilities-based communications company, provides various integrated services under Â'CenturyLink' name to business and residential customers in the United States and internationally. The company operates through five segments: International and Global Accounts Management, Enterprise, Small and Medium Business, Wholesale, and Consumer.

Read More: What is Blockchain?

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Analyst Recommendations for Lumen Technologies (NYSE:LUMN)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]


7 Cryptocurrencies That Are Leading The Market Higher

An Influx Of Capital Is Driving Cryptocurrency Higher

There is an influx of money to the cryptocurrency market that is driving the entire complex higher. Not only is institutional interest peaking but recognition and use are on the rise as well. With Bitcoin setting new all-time highs 100% above the 2017 highs the number of new Bitcoin millionaires is on the rise too.

But Bitcoin is not the only cryptocurrency on the market today by far. The number of cryptocurrencies on the market has been growing steadily with more than 4,000 listed on Coinmarketcap alone. But that doesn’t mean they are all worth your time. Many if not most will not stand the test of time.

One way to judge the market’s interest in a cryptocurrency is its market performance gains. A cryptocurrency that is gaining in value is certainly one that you may want to own. The better method of judging the market’s interest in a cryptocurrency is the market cap. The cryptocurrency market is worth upwards of $1 trillion and growing, and most of that value is centered in the top seven. Together, the bottom 3,993 odd cryptocurrencies only account for 12% of the market and have yet to prove any lasting value.

View the "7 Cryptocurrencies That Are Leading The Market Higher".

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