In the last trading session, 15,777,782 shares of the Lumen Technologies, Inc. (NYSE:LUMN) were traded, and its beta was 1.12. Most recently the company’s share price was $13.36, and it changed around $0.07 or 0.01% from the last close, which brings the market valuation of the company to $14.65 Billion. LUMN currently trades at a discount to its 52-week high of $16.6, offering almost -24.25% off that amount. The share price’s 52-week low was $8.51, which indicates that the current value has risen by an impressive 36.3% since then. We note from Lumen Technologies, Inc.’s average daily trading volume that its 10-day average is 10.42 Million shares, with the 3-month average coming to 15.35 Million.
Lumen Technologies, Inc. stock received a consensus recommendation rating of Underweight, based on a mean score of 3.4. If we narrow it down even further, the data shows that 7 out of 15 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 4 recommended LUMN as a Hold, whereas 2 deemed it a Buy, and 1 rated it as Underweight. Lumen Technologies, Inc. is expected to report earnings per share of $0.4 for the current quarter.
Lumen Technologies, Inc. (NYSE:LUMN): Trading Information
Instantly LUMN has showed a green trend with a performance of 0.53% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $13.77 on Tuesday, Apr 06 increased the stock’s daily price by 2.98%. The company’s shares are currently up 0.37% year-to-date, but still up 0.0167 over the last five days. On the other hand, Lumen Technologies, Inc. (NYSE:LUMN) is -0.01% down in the 30-day period. We can see from the shorts that 78.68 Million shares have been sold at a short interest cover period of 5.13 day (s).
The consensus price target as assigned by Wall Street analysts is $10.08, which translates to bears needing to reduce their stock price by -24.55% from its current value. Analyst projections state that LUMN is forecast to be at a low of $7 and a high of $15. In order for the stock price to hit the forecast high, the stock would need to surge +12.28% from its current level, while the stock would need to crash -47.6% from its current level to reach the projected low.
Lumen Technologies, Inc. (LUMN) projections and forecasts
Lumen Technologies, Inc. share prices are not performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen +33.2 percent over the past six months and at a -4.79% annual growth rate that is well below the industry average of 9.4%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain +8.1% in revenue this quarter, and will report a decline of -7.1% in the next quarter. The year-over-year growth rate is expected to be -3.1%, down from the previous year.
Consensus estimates provided by 12 financial analysts predict the company will bring in an average of $5.05 Billion in revenue for the current quarter. 11 analysts expect Lumen Technologies, Inc. to make $5.02 Billion in revenue for the quarter ending June 01, 2021. The company’s sales for the same quarter a year ago was $5.23 Billion. Analysts predict that the company’s current quarter sales will drop, forecast at -3.4%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -22.2%. Lumen Technologies, Inc. earnings are expected to increase by 76.8% in 2021, but the outlook is positive 3% per year for the next five years.
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LUMN Dividend Yield
Lumen Technologies, Inc.’s next quarterly earnings report is expected to be released around May 04 – May 10, 2021. The annual dividend yield of the stock is 7.63 percent and its annual dividend per share was $1. It is important to note, however, that the 7.63% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 10.43% per year.
Lumen Technologies, Inc. (NYSE:LUMN)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 0.84% of Lumen Technologies, Inc. shares, and 77.72% of them are in the hands of institutional investors. The stock currently has a share float of 78.37%. Lumen Technologies, Inc. stock is held by 975 institutions, with Vanguard Group, Inc. (The) being the largest institutional investor. By Dec 30, 2020, it held 11.52% of the shares, which is about 126.37 Million shares worth $1.23 Billion.
Temasek Holdings (Private) Limited, with 8.87% or 97.26 Million shares worth $948.28 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund were the top two Mutual Funds as of Dec 30, 2020. The former held 31065785 shares worth $302.89 Million, making up 2.83% of all outstanding shares. On the other hand, Vanguard Mid-Cap Index Fund held roughly 24.78 Million shares worth around $241.56 Million, which represents about 2.26% of the total shares outstanding.