5 Best AI Stocks Under $50
5. Lumen Technologies, Inc. (NYSE: LUMN)
Number of Hedge Fund Holders: 29
Share Price as of May 12, 2021: $13.95 per share
Total Value of Hedge Fund Holdings: $772,132,000
Ranking 5th in our list of the 10 best AI stocks under $50 is Lumen Technologies, Inc. (NYSE:LUMN). In December 2020, the Louisiana-based communication and network company entered into a partnership with Itential, the industry pioneer in intelligent multi-domain network automation. The partnership allowed the automation platform to be part of Lumen network’s consulting services, enabling users to be more productive and efficient.
Lumen Technologies, Inc. (NYSE:LUMN) has a market cap of $15.4 billion and operating revenue in the full year 2020 of $20.71 billion. In January, Morgan Stanley analyst Simon Flannery downgraded LUMN (NYSE: LUMN) from Equal-weight to Underweight with a price target of $12.10.
Shareholders in
AT&T (T, $32.24) aren’t quite sure just how to react to Monday s news that the company would essentially undo its $85 billion acquisition of Time Warner – a deal that was widely criticized when it closed in 2018.
Indeed, shares in the blue-chip telecommunications giant popped as much as 4.8% at one point in Monday s early trading. However, those gains were pared back significantly by the early afternoon.
Income investors who have come to count on AT&T s generous dividend (currently yielding 6.5%) might want to hold their applause, however.
AT&T signaled that it will cut its dividend to reflect the company s smaller size once it spins off its media business into a separate entity.