LUMN Similar Chart Price Prediction
The price of LUMN is predicted to go up -1.93%, based on the high correlation periods with LDOS. The similarity of these two price pattern on the periods is 96.05%.
LUMN
LDOS
Down: -1.93%Similarity: 96.05%
LUMN Revenue Forecast
LUMN EPS Forecast
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LUMN VS S&P500
After several business divestitures over the past few years, Lumen is more focused and better positioned for a turnaround.
Lumen's focus on newer-age, cloud-based telecom service will soon more than offset legacy declines and bring the firm back to sales growth.
The explosion in data use, particularly mobile, could make fiber assets much more lucrative than they have historically been, and Lumen's fiber holdings place it in the top two or three in the U.S.
LUMN Analyst's Forecast
Michael Rollins
Citigroup
Hold
2024-11-29
Price Target
$6.5 → $8
Upside
+8.99%
Citi analyst Michael Rollins raised the firm's price target on Lumen to $8 from $6.50 and keeps a Neutral rating on the shares after having updated the firm's model incorporating Q3 results that were "generally mixed with respect to the operations." Optionality to monetize the mass market fiber opportunity has become more important to the national wireless carriers as they increasingly compete with converged mobile-plus-broadband bundles from cable competitors, the analyst tells investors.
