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Lumen Technologies (NYSE:LUMN) Stock Price Down 8.8% After Analyst Downgrade
['Kim Johansen']
Markets Daily
Lumen Technologies, Inc. (NYSE:LUMN – Get Free Report) was down 8.8% on Wednesday after The Goldman Sachs Group lowered their price target on the stock from $8.50 to $7.25.
Lumen Technologies Price PerformanceThe company’s 50 day simple moving average is $7.70 and its 200 day simple moving average is $7.88.
Lumen Technologies (NYSE:LUMN – Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th.
As a group, analysts forecast that Lumen Technologies, Inc. will post -0.39 earnings per share for the current year.
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