Brokerages Set Lumen Technologies, Inc. (NYSE:LUMN) PT at $7.14

Shares of Lumen Technologies, Inc. (NYSE:LUMNGet Rating) have earned an average recommendation of “Hold” from the eight brokerages that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $7.14.

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

Insider Activity at Lumen Technologies

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

Hedge Funds Weigh In On Lumen Technologies

Large investors have recently made changes to their positions in the business. Truvestments Capital LLC bought a new stake in shares of Lumen Technologies in the second quarter worth about $25,000. Tcwp LLC bought a new stake in shares of Lumen Technologies in the first quarter worth about $27,000. Wellington Shields Capital Management LLC bought a new stake in shares of Lumen Technologies in the first quarter worth about $27,000. Parkside Financial Bank & Trust increased its holdings in shares of Lumen Technologies by 47.0% in the third quarter. Parkside Financial Bank & Trust now owns 4,212 shares of the technology company’s stock worth $30,000 after purchasing an additional 1,347 shares during the last quarter. Finally, Private Trust Co. NA bought a new stake in Lumen Technologies during the second quarter worth approximately $31,000. 79.02% of the stock is currently owned by hedge funds and other institutional investors.

Lumen Technologies Stock Down 0.2 %

Lumen Technologies stock opened at $5.87 on Friday. The firm has a market cap of $6.07 billion, a price-to-earnings ratio of 2.94 and a beta of 1.06. The stock has a fifty day simple moving average of $7.21 and a two-hundred day simple moving average of $9.65. Lumen Technologies has a 12 month low of $5.68 and a 12 month high of $14.00. 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.

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Analyst Recommendations for Lumen Technologies (NYSE:LUMN)

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