Citigroup Cuts Lumen Technologies (NYSE:LUMN) Price Target to $10.00

Lumen Technologies (NYSE:LUMN) had its price objective dropped by stock analysts at Citigroup from $11.00 to $10.00 in a report released on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the technology company’s stock. Citigroup’s price target would suggest a potential upside of 61.52% from the company’s previous close.

Several other brokerages have also issued reports on LUMN. Wall Street Zen upgraded Lumen Technologies from a “sell” rating to a “hold” rating in a report on Sunday, November 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lumen Technologies in a report on Thursday, January 22nd. Raymond James Financial reissued a “market perform” rating on shares of Lumen Technologies in a research report on Wednesday. Zacks Research upgraded shares of Lumen Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 8th. Finally, Royal Bank Of Canada lifted their price objective on shares of Lumen Technologies from $4.25 to $8.00 and gave the company a “sector perform” rating in a report on Tuesday, November 25th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $6.88.

Lumen Technologies Trading Down 6.6%

NYSE LUMN traded down $0.44 on Thursday, hitting $6.19. 27,068,147 shares of the company were exchanged, compared to its average volume of 14,046,896. The company has a market cap of $6.35 billion, a PE ratio of -3.56 and a beta of 1.51. The stock has a fifty day moving average of $8.25 and a 200-day moving average of $7.02. Lumen Technologies has a 12 month low of $3.01 and a 12 month high of $11.95.

Lumen Technologies (NYSE:LUMN) last announced its quarterly earnings data on Tuesday, February 3rd. The technology company reported $0.23 earnings per share for the quarter, beating the consensus estimate of ($0.21) by $0.44. The firm had revenue of $3.04 billion for the quarter, compared to analyst estimates of $3.04 billion. Lumen Technologies had a negative net margin of 14.02% and a negative return on equity of 158.40%. The business’s quarterly revenue was down 8.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.09 earnings per share. On average, analysts expect that Lumen Technologies will post -0.87 earnings per share for the current year.

Hedge Funds Weigh In On Lumen Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. State of New Jersey Common Pension Fund D grew its stake in Lumen Technologies by 9.8% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 490,480 shares of the technology company’s stock worth $2,148,000 after buying an additional 43,711 shares in the last quarter. Bryce Point Capital LLC bought a new stake in shares of Lumen Technologies during the 2nd quarter worth $169,000. Credit Capital Investments LLC grew its position in Lumen Technologies by 150.0% in the second quarter. Credit Capital Investments LLC now owns 150,000 shares of the technology company’s stock worth $657,000 after acquiring an additional 90,000 shares in the last quarter. Prudential Financial Inc. increased its stake in Lumen Technologies by 10.5% in the second quarter. Prudential Financial Inc. now owns 1,099,473 shares of the technology company’s stock valued at $4,816,000 after acquiring an additional 104,362 shares during the last quarter. Finally, Allianz Asset Management GmbH lifted its stake in Lumen Technologies by 8.5% during the second quarter. Allianz Asset Management GmbH now owns 9,520,500 shares of the technology company’s stock worth $41,700,000 after purchasing an additional 748,185 shares during the last quarter. 66.19% of the stock is owned by hedge funds and other institutional investors.

Lumen Technologies News Summary

Here are the key news stories impacting Lumen Technologies this week:

• Positive Sentiment: Q4 EPS beat and upbeat cash‑flow outlook — Lumen reported an adjusted EPS beat ($0.23 vs. consensus loss) and guided to stronger free cash flow, citing rising adoption of its digital and connectivity products, which supports the company’s de‑leveraging and reinvestment story. Reuters: Lumen forecasts upbeat free cash flow
• Positive Sentiment: AT&T transaction closed — Completion of the $5.75B deal meaningfully cut total debt (net leverage fell ~1x) and reduced annual interest expense ~45%, freeing cash to invest in network modernization and higher‑margin enterprise offerings. This materially improves Lumen’s financial flexibility. Business Wire: Lumen reports results, completes AT&T transaction
• Positive Sentiment: Analyst upside from Goldman — Goldman Sachs raised its price target to $7.25 (neutral), signaling meaningful upside relative to recent levels and reflecting improved balance‑sheet dynamics and network investment optionality. Benzinga: Goldman raises PT
• Neutral Sentiment: Q4 revenue roughly in line — Revenue (~$3.04B) was essentially in line with estimates but remains down year‑over‑year as the company shifts away from legacy consumer assets toward enterprise and digital infrastructure. Investors will watch whether the mix shift accelerates margin expansion. MarketBeat: Q4 results and slides
• Negative Sentiment: Top‑line weakness and share reaction — Revenue declined ~8–9% YoY and several headlines noted shares falling on the top‑line contraction, underscoring investor sensitivity to growth trends even as profitability improves. Investing.com: Shares fall as Q4 revenue declines
• Negative Sentiment: Analyst caution and downgrade — Raymond James flagged growth hurdles and downgraded/reaffirmed market‑perform stances, and UBS’s modest PT lift to $6 still implies limited upside from recent levels — contributing to near‑term selling pressure. Investing.com: Raymond James downgrades Lumen Benzinga: UBS raises PT to $6
• Negative Sentiment: Notable seller — AIGH Capital sold ~2.55M shares (~$15.6M), a liquidity event that can amplify downward pressure, especially in a thinly bid name. Fool: AIGH Capital dumps LUMN shares

About Lumen Technologies

Lumen Technologies is a multinational technology company specializing in integrated network, edge cloud, security and collaboration services for enterprise and public sector clients. The company’s core offerings include high-capacity fiber and IP-based connectivity, managed edge computing solutions designed to accelerate applications and data processing closer to end users, and cybersecurity services ranging from DDoS protection to unified threat management. Through its unified portfolio, Lumen enables organizations to support digital transformation initiatives, modernize infrastructure and enhance operational resilience.

Leveraging one of the largest fiber footprints in North America, as well as infrastructure in Latin America and parts of Europe, Lumen connects customers across more than 60 countries.