Lumen Technologies Inc (LUMN) saw an uptrend of 1.62% in the recent trading with $3.76 being its most recent. The current price level -63.60% lower than the highest price of $10.33 marked by the stock while trading over the past 52-weeks, whereas it is 24.92% higher than the lowest price of $3.01 the company dropped to over past 52-weeks. The latest news story on LUMN appeared in (Zacks) under the title “BCE Q2 Earnings Miss, Revenues Beat Estimates, Guidance Revised”.
Looking into the simple moving average, Lumen Technologies Inc (LUMN)’s stock stands at a SMA-50 of $4.23 while that of 5-day is reading $3.74.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and LUMN’s SMA-200 as of now is $5.06.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Moderate Buy by 7 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 2.73 for the stock.
Lumen Technologies Inc Earnings – What Happened With LUMN
Coming around sales and income figures on LUMN Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. Lumen Technologies Inc (LUMN) last released financial results for the quarter that ended 9/30/2024, posting a surprise factor of -53.61% for net revenue.
LUMN – Lumen Technologies Inc Stock Earnings Estimates
The perspective of Lumen Technologies Inc (NYSE:LUMN)’s current quarter earnings identifies that analysts are in consensus over the estimate of -0.08 for stock’s EPS in the current quarter. Lumen Technologies Inc (LUMN) last released financial results for the quarter that ended 9/30/2024, posting a surprise factor of -53.61% for net revenue. Company’s EPS for the last quarter was -0.13.
Lumen Technologies Inc – Insider Activity and Holdings
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 1.03 billion. LUMN does have institutional investors; and they hold 70.70% of the stock.
As on 2024-06-30, BLACKROCK INC. was the top most holder in Lumen Technologies Inc (NYSE:LUMN) with an ownership of 148.83 million shares of the company or 15.0757 of the stake worth $163.72 million. The filing also reveals VANGUARD GROUP INC as the second largest holder in the company with a control over 11.9643 of the outstanding shares. Its stake is worth $129.93 million for having 118.12 million shares in hand.
STATE STREET CORP also came holding a key position in the company during the recent quarter and it now holds 5.1237 of the outstanding shares. With this there are now 683.0 institutions which have possession in LUMN’s shares.
