In a report released yesterday, Bora Lee from RBC Capital maintained a Hold rating on Lumen Technologies (LUMN – Research Report), with a price target of $1.75. The company’s shares closed last Friday at $1.82.
According to TipRanks, Lee is a 2-star analyst with an average return of -1.2% and a 40.74% success rate.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Lumen Technologies with a $2.00 average price target.
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Based on Lumen Technologies’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.52 billion and a GAAP net loss of $2 billion. In comparison, last year the company earned a revenue of $3.8 billion and had a GAAP net loss of $3.07 billion
Based on the recent corporate insider activity of 38 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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