Lumen price target raised to  from .50 at Citi

Lumen price target raised to $8 from $6.50 at Citi

https://www.tipranks.com/news/the-fly/lumen-price-target-raised-to-8-from-6-50-at-citi

Citi analyst Michael Rollins raised the firm’s price target on Lumen (LUMN) to $8 from $6.50 and keeps a Neutral rating on the shares after having updated the firm’s model incorporating Q3 results that were “generally mixed with respect to the operations.” Optionality to monetize the mass market fiber opportunity has become more important to the national wireless carriers as they increasingly compete with converged mobile-plus-broadband bundles from cable competitors, the analyst tells investors.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. >;elm:context_link;itc:0;sec:content-canvas” class=”link “>Try Now>>

>;elm:context_link;itc:0;sec:content-canvas” class=”link “>See Insiders’ Hot Stocks on TipRanks >>

Read More on LUMN:

EMEA Tribune is not involved in this news article, it is taken from our partners and or from the News Agencies. Copyright and Credit go to the News Agencies, email news@emeatribune.com Follow our WhatsApp verified Channel210520-twitter-verified-cs-70cdee.jpg (1500×750)

Support Independent Journalism with a donation (Paypal, BTC, USDT, ETH)
WhatsApp channel DJ Kamal Mustafa