2024-01-17 08:00:00 ET
Lumen Technologies (NYSE: LUMN) and AT&T (NYSE: T) are two of the largest telecom companies in the United States. Lumen, formerly known as CenturyLink, is one of the country's largest wireline service providers. AT&T also operates a smaller wireline business, but it generates most of its revenue from its larger wireless business.
Over the past 12 months, Lumen's stock plunged 73% as AT&T's stock dipped 16%. Neither of these stocks has been a great investment, but let's see why AT&T outperformed Lumen by such a wide margin -- and if it's still the better telecom stock.
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Better Telecom Stock: Lumen Technologies vs. AT&T