Lumen Technologies stock: Bank of America reiterates Sell at USD 7.00

Published on 10/22/2026 at 22:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Lumen posted Q2 revenue of USD 2.81 billion, down 9.30 percent year over year. Lumen Technologies stock costs EUR 3.99 on October 22, 2026.

Analyst target and reporting date

Bank of America reiterated a Sell rating and a USD 7.00 target on October 14, 2026.
Lumen reported Q2 2026 revenue of USD 2.81 billion, down 9.30 percent year over year.
Lumen Technologies stock costs EUR 3.99 at Lang & Schwarz on October 22, 2026 at 9:50 p.m. CEST.
Lumen is scheduled to report third-quarter 2026 results on November 4, 2026.

LUMN, US5502411037, Illustration mit AI erstellt.

Lumen Technologies reported USD 2.81 billion in second-quarter 2026 revenue, down 9.30 percent from the prior-year quarter, while Bank of America reiterated a Sell rating and a USD 7.00 price target on October 14, 2026. The latest Lang & Schwarz indication puts Lumen Technologies stock at EUR 3.99 on October 22, 2026 at 9:50 p.m. CEST.

Bank of America keeps USD 7.00 target

According to Markets Insider, Michael Funk of Bank of America Securities reiterated the Sell rating and set the target at USD 7.00 on October 14, 2026. The same report said Lumen posted a GAAP net loss of USD 201 million for the quarter ended June 30, 2026.

Revenue mix remains the key measure

MarketBeat reported that adjusted earnings per share were a loss of USD 0.07 in the second quarter, compared with a consensus loss of USD 0.13. Revenue reached USD 2.81 billion against a USD 2.74 billion consensus estimate, although the year-over-year decline was 9.30 percent.

The company said in its second-quarter materials that strategic revenue accounted for 53.00 percent of total business revenue, versus 45.00 percent in the prior-year quarter. Adjusted EBITDA was USD 802 million, compared with USD 877 million a year earlier, according to the Q2 earnings-call transcript carried by Yahoo Finance.

November 4 results date

Lumen is scheduled to report third-quarter 2026 results on November 4, 2026, after the market closes, as noted by Simply Wall St. That date gives investors the next fixed checkpoint for revenue, adjusted EBITDA and cash flow.

Nasdaq quote near yearly low

On the Nasdaq, Lumen was last quoted at USD 4.47 on October 22, 2026 at 3:59 p.m. ET. Its 52-week range was USD 4.25 to USD 11.95 on the same market-data snapshot, placing the quote USD 0.22 above the low. Market capitalization stood at USD 4.6 billion.

Peer valuation comparison

Verizon Communications traded at USD 45.19 on October 22, 2026, with a P/E ratio of 11.76 and market capitalization of USD 187.8 billion. AT&T traded at USD 22.77, with a P/E ratio of 12.35 and market capitalization of USD 156.0 billion. Lumen's market capitalization was USD 4.6 billion and its P/E ratio was negative 4.37.

What the next report will test

The immediate question is whether strategic revenue can keep expanding while total revenue and adjusted EBITDA remain under pressure. The second-quarter comparison shows the tension clearly: strategic revenue reached 53.00 percent of total business revenue, while adjusted EBITDA fell to USD 802 million from USD 877 million.

Price and reporting date

Lumen Technologies stock was trading at EUR 3.99 at Lang & Schwarz on October 22, 2026 at 9:50 p.m. CEST. The Nasdaq quote was USD 4.47 at 3:59 p.m. ET on the same date. The further course of trading is shown by the continuously updated real-time quote of Lumen Technologies stock.