-- 独立研究机构CFRA向提供了以下研究报告。CFRA分析师的观点总结如下：我们将LUMN未来12个月的目标价上调3美元至11美元，并采用2.1倍的企业价值/营收倍数（EV/Revenue）对2026年的预期进行评估，略高于其10年历史平均倍数2.0倍。我们将2026年的亏损预期从-0.45美元下调至-0.63美元，并将2027年的亏损预期从-0.26美元下调至-0.41美元。LUMN面临业务收入下滑的困境，反映出其在关键业务板块持续增长方面遇到的困难。运营成本和一次性支出（包括现代化改造、遣散费和交易相关成本）的增加对盈利能力构成压力。向新的数字化和消费型商业模式的转型进展缓慢，新模式的采用仍处于早期阶段，且业绩表现波动较大。 LUMN 还强调了公共部门在把握机遇方面面临的挑战，因为决策周期长，导致收入到账时间不确定。
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