Wells Fargo analyst Eric Luebchow maintained a Hold rating on Lumen Technologies (LUMN – Research Report) yesterday and set a price target of $1.75. The company’s shares closed yesterday at $1.31.
Luebchow covers the Real Estate sector, focusing on stocks such as American Tower, Crown Castle, and SBA Communications. According to TipRanks, Luebchow has an average return of -0.3% and a 50.82% success rate on recommended stocks.
Lumen Technologies has an analyst consensus of Moderate Sell, with a price target consensus of $1.88.
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Based on Lumen Technologies’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $3.64 billion and a GAAP net loss of $78 million. In comparison, last year the company earned a revenue of $4.39 billion and had a net profit of $578 million
Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LUMN in relation to earlier this year.
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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.
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