Analysts at a high-profile financial services company are bearish on Lumen stock.
Great businesses can win over the long term.
LUMN earnings call for the period ending March 31, 2024.
A hot CPI report spurred a rise in long-term interest rates, hurting these three capital-constrained companies.
Lumen's turnaround showed green shoots in the fourth quarter, but it has a long way to go.
Lumen is climbing following its Q4 release, but the stock is still down approximately 20% this year.
Improving quarterly results are pushing Lumen's shares higher.
LUMN earnings call for the period ending December 31, 2023.
Lumen's creditors have given the business another major lifeline, and the telecom's stock is surging.
These stocks all crashed heavily in 2023, and there is no reason to expect things will get a whole lot better this year.