Friday, November 22, 2024

Lumen Technologies stock falls amid new short idea at Hedgeye

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TERADAT SANTIVIVUT

Lumen Technologies (NYSE:LUMN) dropped 6% amid a new short idea at Hedgeye, which sees potential for 40% downside.

“Lumen’s financial position remains precarious, with high leverage (4.3x LTM Net Debt / Adjusted EBITDA), declining EBITDA margins, and limited free cash flow generation (i.e., not earning its cost of capital),” Hedgeye analyst

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