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NASDAQ:LUMN 18 January 2026 - 7 February 2026

AT&T stock pops before the bell as $5.75 billion Lumen fiber deal finally closes

AT&T stock pops before the bell as $5.75 billion Lumen fiber deal finally closes

AT&T closed its $5.75 billion all-cash purchase of Lumen’s mass-market fiber business, adding over 1 million fiber subscribers and expanding coverage to more than 4 million locations in 11 states. AT&T shares rose 4.3% in premarket trading to $26.21. Lumen will use about $4.8 billion from the sale to repay debt. AT&T will keep its quarterly dividend at $0.2775 per share.
2 February 2026
AT&T stock closes out a sharp two-day rally — here’s what matters before Monday

AT&T stock closes out a sharp two-day rally — here’s what matters before Monday

AT&T shares rose 4.3% to $26.21 on Friday, extending a two-day rally to nearly 9%. The surge follows a $10 billion buyback, fiber expansion plans, and a new reporting structure. AT&T reported 283,000 new fiber customers and $4.2 billion in free cash flow for the quarter. Investors await T-Mobile’s Feb. 11 earnings for signals on sector pricing.
Lumen Technologies (LUMN) Stock Hit With ‘Overvalued’ Tag After Rally, Putting AI-Fiber Hopes on Trial

Lumen Technologies (LUMN) Stock Hit With ‘Overvalued’ Tag After Rally, Putting AI-Fiber Hopes on Trial

Lumen Technologies shares closed at $8.45 Friday, about 20% above Simply Wall St’s fair value estimate of $7.23. Bank of America kept a sell rating and raised its target to $7, while a separate forecast model projects $5.62 by end-2026. The stock fell 2.3% on the day. Lumen recently agreed to sell its consumer fiber business to AT&T for $5.75 billion.
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