Lumen Technologies upgraded by Citigroup with a new price target
$LUMN
Telecommunications Equipment
Telecommunications
Citigroup upgraded Lumen Technologies from Neutral to Buy and set a new price target of $6.50 from $8.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/5/2025 | $4.50 | Mkt Perform → Outperform | Raymond James |
| 2/26/2025 | $8.00 → $6.50 | Neutral → Buy | Citigroup |
| 2/21/2025 | $5.00 | Underweight → Equal Weight | Wells Fargo |
| 8/16/2024 | $1.75 → $4.00 | Equal Weight → Underweight | Wells Fargo |
| 8/7/2024 | $1.00 → $4.00 | Sell → Neutral | Goldman |
| 8/7/2024 | Underweight → Neutral | JP Morgan | |
| 8/6/2024 | $1.25 → $3.15 | Sell → Neutral | Citigroup |
| 7/1/2024 | $1.00 | Sell | Goldman |
Raymond James upgraded Lumen Technologies from Mkt Perform to Outperform and set a new price target of $4.50
Citigroup upgraded Lumen Technologies from Neutral to Buy and set a new price target of $6.50 from $8.00 previously
Wells Fargo upgraded Lumen Technologies from Underweight to Equal Weight and set a new price target of $5.00
Connection gives enterprises direct, low-latency pathway between U.S. and key Asian markets With undersea cables accounting for more than 99% of international data traffic, a robust terrestrial network is vital for ensuring seamless, high-capacity data flows across continents. Lumen Technologies (NYSE:LUMN) announced it will provide the terrestrial backhaul connectivity for the JUNO Trans-Pacific Cable System, the highest-capacity trans-Pacific cable linking Japan and the United States. Lumen's fiber network will carry traffic from the cable's U.S. landing point in Grover Beach, Ca., to two major points of presence (PoPs) in San Jose and Los Angeles— helping to revolutionize business oper
AT&T agrees to acquire substantially all of Lumen's Mass Markets fiber internet connectivity business in a deal that's expected to close in the first half of 2026 Transaction to stimulate investment, expand world-class connectivity in the U.S., create new jobs and make high-speed fiber internet access available to millions of Americans AT&T will extend its industry-leading fiber network with plans to reach approximately 60 million total fiber locations by year-end 20301 DALLAS, May 21, 2025 /PRNewswire/ -- Key Takeaways: AT&T will acquire substantially all of Lumen's Mass Markets fiber business, which today totals about 1 million fiber customers and reaches more than 4 million fiber location
AT&T to acquire Lumen's Mass Markets fiber-to-the-home business for a total consideration of $5.75 billion in cash Lumen retains infrastructure critical to its enterprise strategy, including its national, regional, state, and metro fiber backbone and consumer copper broadband and voice services Accelerates Lumen's investment in network expansion, differentiated digital platform, and network architecture innovation Transaction to materially reduce Lumen's debt, improve annual cash flow, and position Lumen for additional refinancing opportunities Lumen Technologies, Inc. (NYSE:LUMN) today announced it has entered into a definitive agreement to sell Lumen's Mass Markets fiber-to-the-h
4 - Lumen Technologies, Inc. (0000018926) (Issuer)
4 - Lumen Technologies, Inc. (0000018926) (Issuer)
4 - Lumen Technologies, Inc. (0000018926) (Issuer)
4 - Lumen Technologies, Inc. (0000018926) (Issuer)
4 - Lumen Technologies, Inc. (0000018926) (Issuer)
4 - Lumen Technologies, Inc. (0000018926) (Issuer)
Lumen Technologies (NYSE:LUMN) today announced the election of Michelle J. Goldberg and Steve McMillan to its Board of Directors, effective as of the company's 2025 annual meeting of shareholders, which was held on May 15, 2025. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250515926693/en/Michelle Goldberg "As Lumen transforms to serve the digital networking needs of our enterprise customers, Michelle and Steve's expertise will be invaluable to our board and our business," said Kate Johnson, Lumen's president and CEO. "Michelle's experience scaling businesses through critical phases of innovation and expansion will support our
Lumen Technologies (NYSE:LUMN) today announced the appointment of Mark Hacker as Executive Vice President and Chief Legal Officer, effective immediately. Hacker brings more than two decades of experience in legal, regulatory, government affairs, and strategic leadership roles, having most recently served as General Counsel and Chief Administrative Officer of Motorola Solutions. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250512943227/en/Mark Hacker named Lumen Executive Vice President and Chief Legal Officer During his tenure at Motorola Solutions, Hacker played a critical role in the company's transformation into a global lea
DENVER, Oct. 29, 2024 /PRNewswire/ -- Lumen Technologies (NYSE:LUMN) today announced the appointment of Chris Capossela to its board of directors, effective immediately. Capossela is a recognized authority in the technology industry and spent over 30 years of his career at Microsoft in a variety of roles. For the last ten years, he served as Microsoft's executive vice president and chief marketing officer. In that role, he led worldwide marketing across both the consumer and commercial businesses, overseeing everything from product marketing and business planning to digital d
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8-K - Lumen Technologies, Inc. (0000018926) (Filer)
8-K - Lumen Technologies, Inc. (0000018926) (Filer)
10-Q - Lumen Technologies, Inc. (0000018926) (Filer)
AT&T to acquire Lumen's Mass Markets fiber-to-the-home business for a total consideration of $5.75 billion in cash Lumen retains infrastructure critical to its enterprise strategy, including its national, regional, state, and metro fiber backbone and consumer copper broadband and voice services Accelerates Lumen's investment in network expansion, differentiated digital platform, and network architecture innovation Transaction to materially reduce Lumen's debt, improve annual cash flow, and position Lumen for additional refinancing opportunities Lumen Technologies, Inc. (NYSE:LUMN) today announced it has entered into a definitive agreement to sell Lumen's Mass Markets fiber-to-the-h
QVC Group, Inc. ("QVC Group") (NASDAQ:QVCGA, QVCGB, QVCGP)) today announced the payment of a semi-annual interest payment and Regular Additional Distribution to the holders as of May 1, 2025 of the 4.0% Senior Exchangeable Debentures due 2029 (the "Debentures") issued by its wholly-owned subsidiary, Liberty Interactive LLC ("LI LLC"). The semi-annual interest payment amount is $20.00 per $1,000 original principal amount of Debentures (a "Debenture"), and the amount of the Regular Additional Distribution is $0.5824 per $1,000 original principal amount of Debentures. Under the Indenture for the Debentures, the original principal amount of the Debentures is reduced by an amount equal to each
DENVER, May 1, 2025 /PRNewswire/ -- Lumen Technologies, Inc. (NYSE:LUMN) reported results for the first quarter ended March 31, 2025. Q1 results highlight progress in key priorities; Drive Operational Excellence, Build the Backbone for AI, and Cloudify Telecom Key areas of focus showed strong growth in the quarter, such as North American Business Grow and Waves revenue.Continued momentum towards a stronger and cleaner balance sheet highlighted by the recent term loan refinancing.Signed an important partnership with Google to provide direct fiber access to Google cloud through