NYSE:LUMNTelecom
Is Lumen Technologies (LUMN) Still Appealing After Recent Share Price Pullback?
If you are wondering whether Lumen Technologies at around US$7.45 is a bargain or a value trap, you are not alone. The answer comes down to how you look at its valuation.
The share price has pulled back recently, with a 7.9% decline over the last week and a 13.1% decline over the last month, even though the 1 year return sits at 67.8% and the 3 year return at 119.1%.
These swings have kept Lumen on many investors' watchlists, as the market reassesses the balance between its long term...