UBS analyst Batya Levi maintained a Hold rating on Lumen Technologies (LUMN – Research Report) yesterday and set a price target of $1.50. The company’s shares closed yesterday at $1.06.
According to TipRanks, Levi is ranked #8043 out of 8458 analysts.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Lumen Technologies with a $2.22 average price target, implying a 109.43% upside from current levels. In a report released on November 1, Wells Fargo also assigned a Hold rating to the stock with a $1.75 price target.
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The company has a one-year high of $6.76 and a one-year low of $0.97. Currently, Lumen Technologies has an average volume of 15.97M.
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Lumen Technologies (LUMN) Company Description:
Lumen Technologies is a technology and communications company focused on providing business and mass markets customers. It offers public and private cloud solutions, Colocation and Data Center Services, IT solutions, Unified Communications and Collaboration, Content Delivery, and Managed Security Services. Lumen operates through three brands, including its flagship brand Lumen targeting the enterprise and wholesale markets. Further, it provides fiber-based services to residential and small business customers via the Quantum Fiber brand. Moreover, it focuses on the mass market through its CenturyLink brand.
Read More on LUMN:
- Lumen Completes Sale of EMEA Business to Colt Technology Services for $1.8B
- Lumen announces broad agreement with creditors for $1.2B of financing
- Lumen backs FY23 adjusted EBITDA view $4.6B-$4.8B
- Lumen reports Q3 adjusted EPS (9c), consensus 6c
- Lumen Technologies options imply 11.1% move in share price post-earnings
