Lumen Technologies slips as growth concerns overshadow surprise Q4 profit

Shares of Lumen Technologies LUMN.N down 16% at $7.10

Brokerage Raymond James downgrades stock to "market perform" from "outperform"; notes co's appointment of its third head of sales in three years can cause growth to pause before improving

Co surprises with Q4 adj. EPS of 23 cents, compared with an expected loss of 27 cents - data compiled by LSEG

LUMN reports Q4 revenue of $3.04 bln, in-line with analysts' estimates

Three analysts covering stock rate it "buy", nine "hold" and two "sell", median PT at $8 - LSEG

As of last close, LUMN stock was up 73.7% over the past year