why Lumen Technologies Inc. [LUMN] is a Good Choice for Investors After New Price Target of $10.55

Lumen Technologies Inc. [NYSE: LUMN] loss 0.00% on the last trading session, reaching $12.63 price per share at the time. The company report on July 23, 2021 that Lumen expands its fiber network in Europe.

Infrastructure expansion in France, Switzerland and Spain provides enterprise customers with greater broadband speed and availability.

As the 4th Industrial Revolution continues to accelerate business demand for high-speed broadband and presence in the cloud, Lumen Technologies (NYSE: LUMN) has expanded its fiber network infrastructure in Europe, strengthening its service capabilities in France, Switzerland and Spain.

Lumen Technologies Inc. represents 1.08 billion in outstanding shares, while the company has a total market value of $13.96 billion with the latest information. LUMN stock price has been found in the range of $12.47 to $12.675.

If compared to the average trading volume of 8.59M shares, LUMN reached a trading volume of 6705578 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Lumen Technologies Inc. [LUMN]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for LUMN shares is $10.55 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on LUMN stock is a recommendation set at 3.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Oppenheimer have made an estimate for Lumen Technologies Inc. shares, keeping their opinion on the stock as Perform, with their previous recommendation back on May 20, 2021. The new note on the price target was released on January 28, 2021, representing the official price target for Lumen Technologies Inc. stock. Previously, the target price had yet another raise to $15, while Oppenheimer analysts kept a Outperform rating on LUMN stock.

The Average True Range (ATR) for Lumen Technologies Inc. is set at 0.33, with the Price to Sales ratio for LUMN stock in the period of the last 12 months amounting to 0.68. The Price to Book ratio for the last quarter was 1.21, with the Price to Cash per share for the same quarter was set at 0.44. Price to Free Cash Flow for LUMN in the course of the last twelve months was 6.44 with Quick ratio for the last quarter at 0.40.

Trading performance analysis for LUMN stock

Lumen Technologies Inc. [LUMN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.86. With this latest performance, LUMN shares dropped by -8.41% in over the last four-week period, additionally plugging by 13.07% over the last 6 months – not to mention a rise of 26.43% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for LUMN stock in for the last two-week period is set at 31.82, with the RSI for the last a single of trading hit 28.01, and the three-weeks RSI is set at 36.03 for Lumen Technologies Inc. [LUMN]. The present Moving Average for the last 50 days of trading for this stock 13.98, while it was recorded at 12.72 for the last single week of trading, and 12.15 for the last 200 days.

Lumen Technologies Inc. [LUMN]: A deeper dive into fundamental analysis

Lumen Technologies Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.40 and a Current Ratio set at 0.40.

Lumen Technologies Inc. [LUMN]: An earnings per share (EPS) analysis

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for LUMN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Lumen Technologies Inc. go to -4.10%.

An analysis of insider ownership at Lumen Technologies Inc. [LUMN]

There are presently around $10,449 million, or 76.20% of LUMN stock, in the hands of institutional investors. The top three institutional holders of LUMN stocks are: VANGUARD GROUP INC with ownership of 124,885,782, which is approximately -1.173% of the company’s market cap and around 0.80% of the total institutional ownership; TEMASEK HOLDINGS (PRIVATE) LTD, holding 97,259,407 shares of the stock with an approximate value of $1.23 billion in LUMN stocks shares; and BLACKROCK INC., currently with $1.21 billion in LUMN stock with ownership of nearly 5.045% of the company’s market capitalization.

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349 institutional holders increased their position in Lumen Technologies Inc. [NYSE:LUMN] by around 49,068,004 shares. Additionally, 347 investors decreased positions by around 60,663,715 shares, while 113 investors held positions by with 717,591,702 shares. The mentioned changes placed institutional holdings at 827,323,421 shares, according to the latest SEC report filing. LUMN stock had 114 new institutional investments in for a total of 16,212,975 shares, while 109 institutional investors sold positions of 14,241,709 shares during the same period.

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