Lumen Technologies, Inc. (NYSE:LUMN) Receives $7.14 Consensus Price Target from Brokerages

Lumen Technologies, Inc. (NYSE:LUMNGet Rating) has received an average rating of “Hold” from the eight analysts that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $7.14.

LUMN has been the topic of a number of analyst reports. JPMorgan Chase & Co. lowered their price objective on Lumen Technologies from $10.00 to $7.00 and set an “underweight” rating on the stock in a report on Thursday, November 3rd. Royal Bank of Canada reduced their price target on shares of Lumen Technologies from $11.00 to $6.00 and set a “sector perform” rating for the company in a research report on Thursday, October 20th. TheStreet downgraded shares of Lumen Technologies from a “b” rating to a “c” rating in a research report on Monday, August 15th. Moffett Nathanson cut their price objective on Lumen Technologies to $6.00 in a research report on Thursday, September 29th. Finally, Citigroup cut their price target on Lumen Technologies from $11.00 to $8.00 and set a “neutral” rating for the company in a report on Thursday, October 13th.

Insider Activity

In related news, Director T Michael Glenn bought 20,000 shares of the business’s stock in a transaction dated Friday, November 4th. The shares were acquired at an average price of $5.92 per share, for a total transaction of $118,400.00. Following the purchase, the director now owns 136,414 shares in the company, valued at approximately $807,570.88. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Lumen Technologies news, Director Martha Helena Bejar acquired 12,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 8th. The shares were purchased at an average price of $6.36 per share, for a total transaction of $79,500.00. Following the completion of the purchase, the director now directly owns 101,430 shares in the company, valued at $645,094.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director T Michael Glenn acquired 20,000 shares of the company’s stock in a transaction that occurred on Friday, November 4th. The shares were acquired at an average price of $5.92 per share, for a total transaction of $118,400.00. Following the purchase, the director now owns 136,414 shares of the company’s stock, valued at $807,570.88. The disclosure for this purchase can be found here. Company insiders own 0.76% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. MAI Capital Management grew its position in Lumen Technologies by 13.2% in the 1st quarter. MAI Capital Management now owns 20,859 shares of the technology company’s stock worth $235,000 after purchasing an additional 2,436 shares during the last quarter. National Asset Management Inc. grew its position in Lumen Technologies by 26.7% in the 1st quarter. National Asset Management Inc. now owns 70,427 shares of the technology company’s stock worth $794,000 after purchasing an additional 14,863 shares during the last quarter. US Bancorp DE grew its position in Lumen Technologies by 27.3% in the 2nd quarter. US Bancorp DE now owns 61,493 shares of the technology company’s stock worth $670,000 after purchasing an additional 13,178 shares during the last quarter. Crossmark Global Holdings Inc. grew its position in Lumen Technologies by 39.6% in the 1st quarter. Crossmark Global Holdings Inc. now owns 234,361 shares of the technology company’s stock worth $2,641,000 after purchasing an additional 66,520 shares during the last quarter. Finally, CapWealth Advisors LLC grew its position in Lumen Technologies by 3.4% in the 1st quarter. CapWealth Advisors LLC now owns 1,867,088 shares of the technology company’s stock worth $21,042,000 after purchasing an additional 61,502 shares during the last quarter. Institutional investors own 79.02% of the company’s stock.

Lumen Technologies Price Performance

Shares of LUMN opened at $5.88 on Friday. Lumen Technologies has a twelve month low of $5.68 and a twelve month high of $13.93. The stock’s 50 day moving average is $6.93 and its two-hundred day moving average is $9.53. The firm has a market capitalization of $6.08 billion, a PE ratio of 2.94 and a beta of 1.06. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.73.

Lumen Technologies Company Profile

(Get Rating)

Lumen Technologies, Inc, a facilities-based technology and communications company, provides various integrated products and services under the Lumen, Quantum Fiber, and CenturyLink brands to business and residential customers in the United States and internationally. The company operates in two segments, Business and Mass Markets.

Further Reading

Analyst Recommendations for Lumen Technologies (NYSE:LUMN)

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