What is the lumn stock price forecast for 2024?
Lumen Stock Price Forecast 2024-2025
What is the future of LUMN?
LUMN Stock 12 Month Forecast
Based on 5 Wall Street analysts offering 12 month price targets for Lumen Technologies in the last 3 months. The average price target is $2.00 with a high forecast of $3.50 and a low forecast of $1.00. The average price target represents a 45.99% change from the last price of $1.37.
What is the projection for Lumen stock?
Based on short-term price targets offered by seven analysts, the average price target for Lumen comes to $1.71. The forecasts range from a low of $1.00 to a high of $3.50. The average price target represents an increase of 17.12% from the last closing price of $1.46.
Is Lumen a good buy now?
The financial health and growth prospects of LUMN, demonstrate its potential to outperform the market. It currently has a Growth Score of D. Recent price changes and earnings estimate revisions indicate this would be a good stock for momentum investors with a Momentum Score of B.
What are the expectations for Lumen Technologies?
The 6 analysts with 12-month price forecasts for Lumen Technologies stock have an average target of 1.93, with a low estimate of 1.50 and a high estimate of 3.00. The average target predicts an increase of 32.19% from the current stock price of 1.46. * Price targets were last updated on Mar 11, 2024.
Is Lumen going to survive?
Meanwhile, Lumen could struggle to survive over the next few years. Its stock is tough to value without any real profits, it won't reinstate its dividend anytime soon, and it could be overwhelmed by its debt as it liquidity dries up.
Does Lumen have a future?
Future Growth
Lumen Technologies's revenue is forecast to decline at 2.9% per annum while its annual earnings are expected to grow at 121.8% per year. EPS is expected to grow by 114.5% per annum. Return on equity is forecast to be 129.2% in 3 years.
Is Lumen stock a safe buy?
Lumen Technologies stock has received a consensus rating of hold. The average rating score is and is based on 0 buy ratings, 15 hold ratings, and 8 sell ratings. What was the 52-week low for Lumen Technologies stock? The low in the last 52 weeks of Lumen Technologies stock was 0.78.
Who is the largest shareholder of Lumen Technologies?
Largest shareholders include BlackRock Inc., Vanguard Group Inc, State Street Corp, IJR - iShares Core S&P Small-Cap ETF, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, IWM - iShares Russell 2000 ETF, First Trust Advisors Lp, Charles Schwab Investment Management Inc, NAESX - Vanguard Small-Cap Index ...
Is Lumen getting rid of dividends?
Hefty LUMN dividend is no more
"Earlier today, we announced that we are eliminating our dividend and instituting an up to $1.5 billion two-year share buyback program.
Does Lumen Technologies have a lot of debt?
Total debt on the balance sheet as of December 2023 : $20.25 B. According to Lumen's latest financial reports the company's total debt is $20.25 B. A company's total debt is the sum of all current and non-current debts.
How much debt does Lumen have?
A series of acquisitions left Lumen saddled with about $20 billion in debt, more than half of which was set to mature in the coming years.
Is Lumen profitable?
Net Profit Margins:
Lumen Technologies Inc's net profit margin jumped 29.76% since last year same period to -56.72% in the Q4 2023. On a quarterly growth basis, Lumen Technologies Inc has generated -2547.87% fall in its net profit margins since last 3-months.
Is Lumen stock undervalued?
The intrinsic value of one LUMN stock under the Base Case scenario is 9.95 USD. Compared to the current market price of 1.35 USD, Lumen Technologies Inc is Undervalued by 86%.
Is Lumen a big company?
Description. Lumen Technologies is a public company headquartered in Louisiana with an estimated 24,000 employees. In the US, the company has a notable market share in at least three industries: Wired Telecommunications Carriers, Internet Service Providers, Dark Fiber Network Operators and Internet Service Providers.
How much cash does Lumen Technologies have?
Cash on Hand as of December 2023 : $2.23 B
According to Lumen's latest financial reports the company has $2.23 B in cash and cash equivalents. A company's cash on hand also refered as cash/cash equivalents (CCE) and Short-term investments, is the amount of accessible money a business has.
What is the problem with LUMN stock?
Lumen estimates an increase in interest expenses by $125 to $150 million in 2024, even with debt levels slightly lower than the 2023 levels. The company was only producing near breakeven cash flows entering the debt restructuring, so any outcome requiring additional costs is a huge negative.
Will Lumen go out of business?
USA . Lumen Technologies' odds of distress is over 50% at this time. It has a moderate probability of going through some financial hardship in the next 2 years. Odds of distress shows the probability of financial torment over the next two years of operations under current economic and market conditions.
Why is Lumen struggling?
Summary. Lumen Technologies reached a debt deal with investors, causing its stock price to drop and further burden its balance sheet. The company's high levels of debt relative to earnings and free cash flow make it financially difficult to sustain.
Why is Lumen stock so cheap?
Lumen Technologies' stock has lost over 95% of its price in the last decade due to weakening financial performance and poor capital allocation. The stock neither offers investors growth prospects nor value in the form of dividends as they were discontinued due to the deteriorating financial performance.
Why is Lumen stock so low?
Since 2022, its share price has plummeted a whopping 86%. Its valuation fell as investors grew concerned about the company's high debt load and abysmal financials.
Is Apollo buying Lumen?
Paul, Weiss advised funds managed by Apollo Global Management, Inc. affiliates in their $7.5 billion acquisition of incumbent local exchange carrier assets and associated operations in 20 states from Lumen Technologies, a Louisiana-based telecommunications company.
Who is buying Lumen?
The sale closed in October 2022; the sold ILEC operations were rebranded as Brightspeed. In 2023, a deal was inked with Colt Technology Services in which Lumen EMEA, its subsidiary serving the Europe, Middle East, and Africa enterprise markets, would be sold to Colt for $1.8b USD.
Is Lumen a good company?
Is Lumen a good company to work for? Lumen has an overall rating of 3.4 out of 5, based on over 7,499 reviews left anonymously by employees. 53% of employees would recommend working at Lumen to a friend and 38% have a positive outlook for the business. This rating has decreased by 2% over the last 12 months.
What is the book value of LUMN?
Lumen Technologies's current price is $1.38. Its book value per share for the quarter that ended in Dec. 2023 was $0.41.
