Previous close | 5.36 |
Open | 5.32 |
Bid | 5.43 x 2900 |
Ask | 5.45 x 3100 |
Day's range | 5.15 - 5.47 |
52-week range | 0.78 - 7.83 |
Volume | |
Avg. volume | 36,783,122 |
Market cap | 5.531B |
Beta (5Y monthly) | 1.17 |
PE ratio (TTM) | N/A |
EPS (TTM) | -2.13 |
Earnings date | 29 Oct 2024 - 04 Nov 2024 |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | 29 Aug 2022 |
1y target est | 4.57 |
Increasing opportunities driven by AI proliferation are emerging as a tailwind for LUMN. Debt-laden balance sheet and competition in the AI space are overhangs.
Investors who missed out on the initial wave of gains, may now want to look at who the next potential beneficiary could be.
Lumen Technologies, Inc. (NYSE: LUMN) ("Lumen") announced that it has commenced offers to exchange newly-issued superpriority senior secured notes for certain of its outstanding unsecured senior notes. In addition, Lumen also announced that Level 3 Financing, Inc., its indirect, wholly-owned subsidiary ("Level 3" and, together with Lumen, the "Issuers"), has commenced offers to exchange newly-issued second lien secured notes for certain of its outstanding unsecured senior notes.