On 9/12/24, Lumen Technologies Inc (NYSE: LUMN) stock enjoyed a major increase of 10.1%, closing at $5.99. However, exceptionally low trading volume at 42% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 11.3% during the last week.
Current PriceTarget Research Rating
LUMN is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Lumen Technologies has a current Value Trend Rating of C (Low Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Lumen Technologies has a very low Appreciation Score of 5 but a very high Power Rating of 86, with the Low Neutral Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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