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 prospects and the risks that are already reflected in the price. Without a single headline event dominating the story right now, sentiment is being shaped by an accumulation of ongoing business updates and sector level headlines.
- On Simply Wall St’s 6…
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