Lumen Technologies Inc (NYSE: LUMN) Is Getting Increasingly Hard To Ignore

Currently, there are 1.01B common shares owned by the public and among those 984.85M shares have been available to trade.

The company’s stock has a 5-day price change of -0.73% and -1.45% over the past three months. LUMN shares are trading -25.68% year to date (YTD), with the 12-month market performance down to -37.61% lower. It has a 12-month low price of $0.78 and touched a high of $2.70 over the same period. LUMN has an average intraday trading volume of 12.90 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -4.76%, -12.16%, and -11.51% respectively.

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Institutional ownership of Lumen Technologies Inc (NYSE: LUMN) shares accounts for 67.17% of the company’s 1.01B shares outstanding.

It has a market capitalization of $1.37B and a beta (3y monthly) value of 1.14. The earnings-per-share (ttm) stands at -$10.47. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.23% over the week and 6.21% over the month.

Analysts forecast that Lumen Technologies Inc (LUMN) will achieve an EPS of $Lumos Pharma, Inc. for the current quarter, $2.68 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Golden Minerals Company while analysts give the company a high EPS estimate of $LUMBEE GUARANTY BANK PEMBROKE N. Comparatively, EPS for the current quarter was $LUMP a year ago. Earnings per share for the fiscal year are expected to decrease by -122.03%, and -106.05% over the next financial year.

Citigroup coverage for the Lumen Technologies Inc (LUMN) stock in a research note released on February 08, 2023 offered a Sell rating with a price target of $3.50. Goldman was of a view on December 06, 2022 that the stock is Neutral, while Wells Fargo gave the stock Equal Weight rating on October 05, 2022, issuing a price target of $8. JP Morgan on their part issued Underweight rating on August 05, 2022.

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