Lumen Technologies Inc (NYSE: LUMN) stock closed at $5.23 on 8/27/24 after a major decline of -14.5%. This decline was accompanied by normal trading volume. The stock has declined -9.2% during the last week but has been exceptionally strong relative to the market over the last nine months.
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 D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Lumen Technologies has a very low Appreciation Score of 3 but a good Power Rating of 76, producing the Negative Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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