For its third fiscal quarter (ending September 30), Lumen Technologies Inc (NYSE: LUMN) has reported a 88% increase in E.P.S. from $-0.08 a year ago to $-0.15 in the current quarter. For the latest four quarters through September 30, E.P.S. were $-2.17 compared to $-11.53 a year ago — a decline of -81%.
Recent Price Action
Lumen Technologies Inc (NYSE: LUMN) stock closed at $7.61 on 11/5/24 after an increase of 1.7%. Moreover, unusually high trading volume at 185% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 18.7% 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 (Neutral). 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 6 but a very high Power Rating of 95, leading to the Neutral Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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