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FAQs
Who owns Lumen Technologies? LUMN Stock Ownership - TipRanks.com? ›
Who Owns Lumen Technologies (LUMN)? According to the latest TipRanks data, approximately 34.76% of the company's stock is held by institutional investors, 13.96% is held by insiders, and 22.79% is held by retail investors.
Who owns LUMN stock? ›Largest shareholders include BlackRock Inc., Vanguard Group Inc, State Street Corp, IJR - iShares Core S&P Small-Cap ETF, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, Charles Schwab Investment Management Inc, First Trust Advisors Lp, IWM - iShares Russell 2000 ETF, NAESX - Vanguard Small-Cap Index ...
Who is buying Lumen Technologies? ›The sale closed in October 2022; the sold ILEC operations were rebranded as Brightspeed. In 2023, a deal was signed with Colt Technology Services in which Lumen EMEA, its subsidiary serving the Europe, Middle East, and Africa enterprise markets, would be sold to Colt for $1.8b USD.
Should I sell LUMN stock? ›Lumen Technologies has a consensus rating of Moderate Sell which is based on 0 buy ratings, 1 hold ratings and 2 sell ratings.
What is the future of Lumen stock? ›Lumen Stock Price Forecast 2024-2025
Today, Lumen traded at $1.29, so the price decreased by -30% from the beginning of the year. The forecasted Lumen price at the end of 2024 is $1.56 - and the year to year change -15%. The rise from today to year-end: +21%. In the middle of 2024, we expect to see $1.37.
As of Dec 31, 2023, the company had $2.234 billion in cash and cash equivalents, with $19.831 billion of long-term debt compared with the respective figures of $311 million and $19.740 billion as of Sep 30, 2023. Lumen currently sports a Zacks Rank #1 (Strong Buy).
Is Lumen owned by CenturyLink? ›CenturyLink, with its strong telecom history, is part of Lumen Technologies. Lumen is a global communications services provider that ignites business growth by connecting people, data and apps—quickly, securely and effortlessly.
How is Lumen doing financially? ›The company continues to expect $4.1 billion to $4.3 billion in adjusted Ebitda for the full year, along with $100 million to $300 million in free cash flow. Lumen had cash and equivalents of $1.58 billion as of the end of the first quarter. The company announced layoffs earlier this month in a bid to control costs.
Why is Lumen stock so cheap? ›Lumen Technologies' stock has lost over 95% of its price in the last decade due to weakening financial performance and poor capital allocation. The stock neither offers investors growth prospects nor value in the form of dividends as they were discontinued due to the deteriorating financial performance.
What is the old name for Lumen Technologies? ›The legal name of CenturyLink, Inc. is expected to be formally changed to Lumen Technologies, Inc. upon the satisfaction of all legal and regulatory requirements.
Is Lumen a good buy right now? ›
Valuation metrics show that Lumen Technologies, Inc. may be undervalued. Its Value Score of B indicates it would be a good pick for value investors.
Is Lumen stock undervalued? ›The intrinsic value of one LUMN stock under the Base Case scenario is 9.29 USD. Compared to the current market price of 1.27 USD, Lumen Technologies Inc is Undervalued by 86%.
Is Lumen getting rid of dividends? ›On the bottom line, Lumen racked up a net loss of $1.5 billion in 2022, compared to its net profit of $2.0 billion in 2021, and analysts expect a loss of $8.3 billion in 2023. All of that red ink forced the company to eliminate its dividend in November 2022.
Is Lumen going to survive? ›Meanwhile, Lumen could struggle to survive over the next few years. Its stock is tough to value without any real profits, it won't reinstate its dividend anytime soon, and it could be overwhelmed by its debt as it liquidity dries up.
Who owns the most Lumen stock? ›According to the latest TipRanks data, approximately 22.79% of Lumen Technologies (LUMN) stock is held by retail investors. Who owns the most shares of Lumen Technologies (LUMN)? VANGUARD INDEX FUNDS owns the most shares of Lumen Technologies (LUMN).
What is the forecast for LUMN stock? ›Based on short-term price targets offered by seven analysts, the average price target for Lumen comes to $1.54. The forecasts range from a low of $1.00 to a high of $2.50. The average price target represents an increase of 22.22% from the last closing price of $1.26.
Is Lumen Technologies a good company to invest in? ›Valuation metrics show that Lumen Technologies, Inc. may be undervalued. Its Value Score of B indicates it would be a good pick for value investors.
Why did Lumen sell? ›Lumen, which has struggled financially in recent years, said it plans to use the proceeds on debt reduction, which will free the company up to fund its plans for future growth, which include a focus on Network as a Service (NaaS) -- specifically, the Lumen Internet on Demand offering, fiber, and Secure Access Service ...
Is Lumen a private company? ›Lumen Technologies is a public company headquartered in Louisiana with an estimated 24,000 employees.