Lumen Technologies Inc (NYSE: LUMN) stock closed at $9.02 on 11/6/24 after a major increase of 18.5%. Moreover, exceptionally high trading volume at 287% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 36.7% 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, with the 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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