Lumen Technologies, Inc. (NYSE:LUMN – Get Free Report) has earned an average recommendation of “Reduce” from the nine analysts that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation and seven have issued a hold recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $4.78.
Several equities analysts have recently issued reports on the stock. TD Cowen cut their price objective on shares of Lumen Technologies from $7.00 to $6.00 and set a “hold” rating on the stock in a report on Wednesday, November 6th. The Goldman Sachs Group upped their price objective on shares of Lumen Technologies from $4.50 to $5.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Royal Bank of Canada restated a “sector perform” rating and set a $4.25 price objective on shares of Lumen Technologies in a report on Monday, February 10th. Wells Fargo & Company upgraded shares of Lumen Technologies from an “underweight” rating to an “equal weight” rating and set a $5.00 price objective on the stock in a report on Friday. Finally, Citigroup upped their price objective on shares of Lumen Technologies from $6.50 to $8.00 and gave the company a “neutral” rating in a report on Friday, November 29th.
Check Out Our Latest Research Report on Lumen Technologies
Hedge Funds Weigh In On Lumen Technologies
Lumen Technologies Stock Performance
Shares of Lumen Technologies stock opened at $4.68 on Friday. The company has a market capitalization of $4.74 billion, a PE ratio of -93.48 and a beta of 1.28. The company has a debt-to-equity ratio of 37.70, a quick ratio of 1.20 and a current ratio of 1.21. The company has a 50-day simple moving average of $5.34 and a two-hundred day simple moving average of $6.19. Lumen Technologies has a one year low of $0.97 and a one year high of $10.33.
Lumen Technologies (NYSE:LUMN – Get Free Report) last announced its earnings results on Tuesday, February 4th. The technology company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.14. Lumen Technologies had a negative net margin of 0.42% and a negative return on equity of 46.17%. Research analysts expect that Lumen Technologies will post -0.87 EPS for the current fiscal year.
About Lumen Technologies
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.
Recommended Stories
- Five stocks we like better than Lumen Technologies
- Using the MarketBeat Dividend Tax Calculator
- Unity Stock: Is a True Turnaround Finally Taking Shape?
- What is a SEC Filing?
- DuPont’s Electronics Spinoff: The Start of Something Big
- What is a buyback in stocks? A comprehensive guide for investors
- The Trade Desk Crashes on Earnings, But Growth Catalysts Persist
Receive News & Ratings for Lumen Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lumen Technologies and related companies with MarketBeat.com's FREE daily email newsletter.