why Lumen Technologies Inc [LUMN] is a Good Choice for Investors After New Price Target of $2.15

- Advertisements -

Lumen Technologies Inc [NYSE: LUMN] surged by $0.06 during the normal trading session on Friday and reaching a high of $1.17 during the day while it closed the day at $1.12. The company report on November 1, 2023 at 4:05 PM that Lumen Completes Sale of EMEA Business to Colt Technology Services for $1.8B.

Lumen Technologies (NYSE: LUMN) closed the sale of its European, Middle Eastern, and African (EMEA) business to Colt Technology Services, headquartered in London, for $1.8 billion cash. This transaction represents an attractive multiple (~11x) for Lumen’s EMEA business and delivers significant value to Lumen’s stakeholders.

- Advertisements -

Top 5 EV Tech Stocks to Buy for 2023

The electric vehicle boom is accelerating – and fast. According a new report published by BloombergNEF, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now. Get our free report, "Top 5 EV Tech Stocks to Buy for 2023".

Click Here to Download the FREE Report.


“We’re excited about what this transaction does for our customers and for Lumen,” said Kate Johnson, Lumen CEO. “Our focus on building deep relationships with strategic partners allows us to simplify our business while delivering a seamless networking experience for our multinational customers. Through our strong relationship with Colt, both companies are well positioned for future growth.”  .

Lumen Technologies Inc stock has also loss -15.79% of its value over the past 7 days. However, LUMN stock has declined by -35.63% in the 3 months of the year. Over the past six months meanwhile, it has lost -50.88% and lost -78.54% year-on date.

- Advertisements -

The market cap for LUMN stock reached $1.13 billion, with 1.00 billion shares outstanding and 990.83 million shares in the current float. Compared to the average trading volume of 17.57M shares, LUMN reached a trading volume of 26278970 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say 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 $2.15 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 3.64. 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.

Raymond James have made an estimate for Lumen Technologies Inc shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on June 06, 2023.

- Advertisements -

The Average True Range (ATR) for Lumen Technologies Inc is set at 0.13, with the Price to Sales ratio for LUMN stock in the period of the last 12 months amounting to 0.07. The Price to Book ratio for the last quarter was 0.49, with the Price to Cash per share for the same quarter was set at 0.41.

LUMN stock trade performance evaluation

Lumen Technologies Inc [LUMN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -15.79. With this latest performance, LUMN shares dropped by -17.04% in over the last four-week period, additionally sinking by -50.88% over the last 6 months – not to mention a drop of -84.11% 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 39.92, with the RSI for the last a single of trading hit 38.84, and the three-weeks RSI is set at 40.67 for Lumen Technologies Inc [LUMN]. The present Moving Average for the last 50 days of trading for this stock 1.4068, while it was recorded at 1.2220 for the last single week of trading, and 2.3002 for the last 200 days.

Lumen Technologies Inc [LUMN]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Lumen Technologies Inc [LUMN] shares currently have an operating margin of +18.84 and a Gross Margin at +35.60. Lumen Technologies Inc’s Net Margin is presently recorded at -8.86.

Return on Total Capital for LUMN is now 8.80, given the latest momentum, and Return on Invested Capital for the company is -4.28. Return on Equity for this stock declined to -13.90, with Return on Assets sitting at -2.99. When it comes to the capital structure of this company, Lumen Technologies Inc [LUMN] has a Total Debt to Total Equity ratio set at 210.83. Additionally, LUMN Total Debt to Total Capital is recorded at 67.83, with Total Debt to Total Assets ending up at 48.27. Long-Term Debt to Equity for the company is recorded at 206.06, with the Long-Term Debt to Total Capital now at 66.29.

Reflecting on the efficiency of the workforce at the company, Lumen Technologies Inc [LUMN] managed to generate an average of -$53,379 per employee. Receivables Turnover for the company is 10.86 with a Total Asset Turnover recorded at a value of 0.34.Lumen Technologies Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.12 and a Current Ratio set at 1.18.

Lumen Technologies Inc [LUMN]: Institutional Ownership

The top three institutional holders of LUMN stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2579%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $201.66 billion in LUMN stocks shares; and BERKSHIRE HATHAWAY INC, currently with $177.59 billion in LUMN stock with ownership which is approximately 5.7994%.

- Advertisements -

Leave a Reply

Your email address will not be published. Required fields are marked *