12 Best Telecom Services Stocks to Buy According to Analysts

9. Lumen Technologies, Inc. (NYSE:LUMN)

Lumen Technologies, Inc. (NYSE:LUMN) is one of the Best Telecom Services Stocks to Buy According to Analysts. The stock’s average analyst price target implies 29.70% upside, and the consensus rating is Hold. On June 10, Lumen and its Qwest subsidiary announced the expiration and final results of exchange offers and consent solicitations tied to Qwest notes due in 2056 and 2057.

The transaction was a capital-structure move, but that still matters for a telecom services company whose strategy depends on expensive fiber, enterprise connectivity, and long-haul network assets. Lumen has been working to reposition itself around business connectivity, data transport and AI-related network demand, but its equity story remains weighed down by debt, weak legacy revenue and turnaround execution risk. The consensus upside reflects that tension: analysts see room for recovery from depressed levels, but the stock still needs evidence that network demand can translate into better revenue quality and balance-sheet stability.

Lumen Technologies, Inc. (NYSE:LUMN) provides fiber, internet, edge, security, managed network, and enterprise connectivity services.