Lumen Technologies Inc (NYSE:LUMN) shares traded -2.46% lower at $1.19 on Wall Street last session.
LUMN stock price is now -21.15% away from the 50-day moving average and -21.33% away from the 200-day moving average. The market capitalization of the company currently stands at $1.20B.
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On February 08, 2023, Citigroup Downgraded its previous ‘Neutral’ rating to ‘Sell’ on the stock reducing its target price from $6.25 to quote $3.50, while ‘Goldman’ rates the stock as ‘Neutral’
In other news, SIEGEL LAURIE, Director bought 30,000 shares of the company’s stock on Mar 01 ’24. The stock was bought for $47,997 at an average price of $1.60. Upon completion of the transaction, the Director now directly owns 30,000 shares in the company, valued at $35700.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 26 ’24, Director GLENN T MICHAEL bought 50,000 shares of the business’s stock. A total of $73,300 was incurred on buying the stock at an average price of $1.47. This leaves the insider owning 272,019 shares of the company worth $0.32 million. A total of 1.99% of the company’s stock is owned by insiders.
During the past 12 months, Lumen Technologies Inc has had a low of $0.78 and a high of $2.70. As of last week, the company has a debt-to-equity ratio of 51.07, a current ratio of 1.29, and a quick ratio of 1.23.
According to the Telecom Services Company, earnings per share came in at 0.1, beating analysts’ expectations of 0.06 by 0.04. This compares to -$3.04 EPS in the same period last year. The net profit margin was -70.74% and return on equity was -189.75% for LUMN. The company reported revenue of $3.52 billion for the quarter, compared to $3.8 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -7.45 percent. For the current quarter, analysts expect LUMN to generate $3.37B in revenue.
