Lumen Technologies, Inc. (NYSE:LUMN – Get Free Report) has earned a consensus rating of “Reduce” from the nine analysts that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $4.66.
LUMN has been the topic of several research analyst reports. The Goldman Sachs Group boosted their price objective on Lumen Technologies from $4.50 to $5.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Citigroup increased their price target on shares of Lumen Technologies from $6.50 to $8.00 and gave the stock a “neutral” rating in a research report on Friday, November 29th. Royal Bank of Canada restated a “sector perform” rating and issued a $4.25 price objective (up previously from $4.00) on shares of Lumen Technologies in a report on Friday, December 20th. Finally, TD Cowen reduced their target price 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.
Read Our Latest Stock Report on Lumen Technologies
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Lumen Technologies Trading Down 1.8 %
NYSE LUMN opened at $5.42 on Friday. Lumen Technologies has a 12 month low of $0.97 and a 12 month high of $10.33. The stock has a market capitalization of $5.50 billion, a P/E ratio of -2.50 and a beta of 1.28. The firm’s 50-day moving average is $6.92 and its two-hundred day moving average is $5.41. The company has a debt-to-equity ratio of 53.05, a current ratio of 1.20 and a quick ratio of 1.20.
Lumen Technologies (NYSE:LUMN – Get Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The technology company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.04). The company had revenue of $3.22 billion for the quarter, compared to analysts’ expectations of $3.21 billion. Lumen Technologies had a negative return on equity of 49.74% and a negative net margin of 16.06%. The business’s revenue for the quarter was down 11.5% on a year-over-year basis. During the same period in the previous year, the business posted ($0.09) EPS. On average, sell-side analysts anticipate that Lumen Technologies will post -0.38 earnings per share for the current year.
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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