Lumen gains; BofA raises price objective on balance sheet repair

Lumen Technologies

08/01/2026 14:51

** Telecommunications company Lumen Technologies' LUMN.N shares rise 3.6% to $8.20

** BofA Global Research raises price objective to $7 from $2, still implying a downside of 11.6% to stock's last close

** "The higher multiple reflect material balance sheet repair, proceeds from Consumer Fiber divestment, PCF deals, and cost cutting" - brokerage

** Avg rating of 14 analysts is "hold;" their median PT is $7.56 - data compiled by LSEG

** Stock gained 46.3% in 2025

 (Reporting by Anhata Rooprai in Bengaluru)

 ((Anhata.Rooprai@thomsonreuters.com))