![]() ![]() The Motley Fool has no position in any of the stocks mentioned. ![]() *Stock Advisor returns as of June 12, 2023Įric Volkman has no position in any of the stocks mentioned. and Lumen Technologies wasn't one of them! That's right - they think these 10 stocks are even better buys. They just revealed what they believe are the ten best stocks for investors to buy right now. Lumen Technologies stock price has been showing a declining tendency so we believe that similar market segments were not very popular in the given period. Formerly known as CenturyLink, the company changed its name to Lumen Technologies in September 2020. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* As of the end of 2022, Lumen served approximately 3.1 million broadband subscribers. When our analyst team has a stock tip, it can pay to listen. The telecommunications companys share price fell 58.4 across last years trading, according to data. Interest payments alone on that pile are going to be considerable.ġ0 stocks we like better than Lumen Technologies Shares of Lumen ( LUMN 0.53) suffered a precipitous valuation decline in 2022. Actually, the word "heavy" might be an understatement - in its most recently reported quarter, the company was carrying a whopping $19.7 billion in long-term debt. No matter the positive developments the telecom reports, hanging immediately over its head is deteriorating profitability and a heavy debt load. International expansion should occur in the near future. Lumen didn't waste any time with ExaSwitch, as the product is already live in three operating hubs in this country. A high-level overview of Lumen Technologies, Inc. The company announced the launch of a new product line, ExaSwitch, aimed at helping clients with bandwidth management across data centers (the facilities where banks of servers are stored). Interestingly, it comes mere days after very good Lumen news hit the headlines. Levi maintained a neutral recommendation on the company. The new level is $2.50, down from the preceding $5. Well before market open this morning, UBS (NYSE: UBS) prognosticator Batya Levi announced a 50% price target cut on Lumen's stock. That was a notably worse performance than that of the S&P 500 index it fell by a relatively light 0.5% on the day. On Wednesday, the company's share price fell by more than 8%, on a steep price-target cut by an analyst. One of the tougher telecom stocks to own, Lumen Technologies (NYSE: LUMN), couldn't make it over the rise of Hump Day. ![]()
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