In a report released on November 29, Bora Lee from RBC Capital maintained a Hold rating on Lumen Technologies (LUMN – Research Report), with a price target of $1.25. The company’s shares closed yesterday at $1.48.
According to TipRanks, Lee is a 2-star analyst with an average return of -1.8% and a 44.00% success rate.
Lumen Technologies has an analyst consensus of Moderate Sell, with a price target consensus of $1.81, representing a 22.30% upside. In a report released on November 30, Wells Fargo also maintained a Hold rating on the stock with a $1.75 price target.
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The company has a one-year high of $6.19 and a one-year low of $0.78. Currently, Lumen Technologies has an average volume of 16.32M.
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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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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