Lumen Technologies Inc's stock price fell by 5.00% during regular trading, crossing below the 20-day SMA, as the broader market showed signs of weakness with the Nasdaq-100 down 0.38% and the S&P 500 down 0.15%.
The decline in Lumen's stock is attributed to the company's announcement of a $1.25 billion senior notes issuance by its subsidiary, Level 3 Financing, to refinance existing debt. This move is seen as a proactive response to market demand, but it also raises concerns about the company's financial stability amid ongoing revenue declines.
Investors are closely monitoring Lumen's financial maneuvers, as the issuance of these notes is expected to enhance the company's capital market capabilities. However, the lack of registration under U.S. securities laws may limit investor participation, adding to the uncertainty surrounding the stock's future performance.
Wall Street analysts forecast LUMN stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for LUMN is 8.33 USD with a low forecast of 7.00 USD and a high forecast of 11.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
Wall Street analysts forecast LUMN stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for LUMN is 8.33 USD with a low forecast of 7.00 USD and a high forecast of 11.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
5 Hold
1 Sell
Hold
Current: 9.160
Low
7.00
Averages
8.33
High
11.00
Current: 9.160
Low
7.00
Averages
8.33
High
11.00
BofA
Underperform
maintain
$2 -> $7
2026-01-08
Reason
BofA
Price Target
$2 -> $7
AI Analysis
2026-01-08
maintain
Underperform
Reason
BofA raised the firm's price target on Lumen (LUMN) to $7 from $2 and keeps an Underperform rating on the shares as part of the firm's wireline and wireless telecom services 2026 outlook note. The firm now applies a higher multiple to its estimates to reflect material balance sheet repair, proceeds from the Consumer Fiber divestment, PCF deals, and cost cutting, but remains cautious on Lumen's revenue growth plans and timelines, the analyst tells investors. Among the firm's coverage, Buy-rated AT&T (T) is the analyst's top telecom pick for 2026.
RBC Capital
Sector Perform
maintain
$8
2025-11-25
Reason
RBC Capital
Price Target
$8
2025-11-25
maintain
Sector Perform
Reason
RBC Capital raised the firm's price target on Lumen to $8 from $4.25 and keeps a Sector Perform rating on the shares. The company's Q3 results were ahead of estimates on revenue, EBITDA, and free cash flow on timing from PCF deals, the analyst tells investors in a research note. The management has also reiterated its 2025 outlook, maintaining guidance for adjusted EBITDA, capex, free cash flow, and expense reductions amid ongoing modernization efforts and stabilization initiatives, the firm added.
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Wells Fargo
Wells
Equal Weight
maintain
$4 -> $8
2025-11-10
Reason
Wells Fargo
Wells
Price Target
$4 -> $8
2025-11-10
maintain
Equal Weight
Reason
Wells Fargo raised the firm's price target on Lumen to $8 from $4 and keeps an Equal Weight rating on the shares. The firm notes Q3 2025 results were solid, and the consumer FTTH sale remains on track for early 2026 close. PCF sales continue to drive Growth revenue higher, but with the outsized declines in legacy services, cost cutting remains core focus, Wells adds.
Citi
Buy
to
Neutral
downgrade
$11
2025-10-31
Reason
Citi
Price Target
$11
2025-10-31
downgrade
Buy
to
Neutral
Reason
Citi downgraded Lumen to Neutral from Buy with an $11 price target.
About LUMN
Lumen Technologies, Inc. is a networking company, which connects people, data, and applications quickly and securely. The Company is engaged in providing an array of integrated products and services to its domestic and global business customers and its domestic mass market customers. It operates through two segments: Business segment and Mass Markets segment. The Company conducts its operations under four brands: Lumen, which is its flagship brand for serving the enterprise and wholesale markets, including its Private Connectivity Fabric (PCF) network architecture, Lumen Digital products, and its priority services including Edge, Network-as-a-Service and cybersecurity; Quantum Fiber, which provides fiber-based broadband services to residential and small business customers; CenturyLink, which is engaged in providing primarily mass-marketed copper-based communications services, and Black Lotus Labs, which is its cyberthreat research and intelligence arm.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
