Lumos Networks Corp. (LMOS) Stock Price Up 4.1%
Lumos Networks Corp. (NASDAQ:LMOS) shares rose 4.1% on Thursday . The company traded as high as $13.36 and last traded at $13.33, with a volume of 110,815 shares changing hands. The stock had previously closed at $12.81.
LMOS has been the topic of a number of recent research reports. William Blair initiated coverage on Lumos Networks Corp. in a report on Tuesday, April 19th. They issued an “outperform” rating on the stock. Zacks Investment Research upgraded Lumos Networks Corp. from a “sell” rating to a “hold” rating in a research note on Friday, April 22nd. Jefferies Group upgraded Lumos Networks Corp. from a “hold” rating to a “buy” rating and boosted their target price for the company from $15.00 to $16.00 in a research note on Thursday, August 4th. Finally, BTIG Research began coverage on Lumos Networks Corp. in a research note on Thursday. They issued a “buy” rating and a $17.50 target price on the stock. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $17.90.
The firm has a market capitalization of $313.00 million and a price-to-earnings ratio of 137.53. The company’s 50-day moving average price is $12.07 and its 200-day moving average price is $12.23.
Lumos Networks Corp. (NASDAQ:LMOS) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.02. The firm had revenue of $52.40 million for the quarter, compared to analysts’ expectations of $51.74 million. During the same quarter in the previous year, the business earned $0.14 EPS. The company’s revenue for the quarter was up 2.8% on a year-over-year basis.
In related news, EVP Joseph E. Jr. Mccourt sold 2,000 shares of Lumos Networks Corp. stock in a transaction dated Wednesday, May 18th. The stock was sold at an average price of $12.57, for a total value of $25,140.00. Following the completion of the transaction, the executive vice president now owns 47,887 shares in the company, valued at $601,939.59. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
An institutional investor recently raised its position in Lumos Networks Corp. stock. Dimensional Fund Advisors LP boosted its stake in Lumos Networks Corp. (NASDAQ:LMOS) by 9.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 842,881 shares of the company’s stock after buying an additional 73,026 shares during the period. Dimensional Fund Advisors LP owned 3.67% of Lumos Networks Corp. worth $9,440,000 as of its most recent SEC filing.
Lumos Networks Corp. is a fiber-based bandwidth infrastructure and service provider in the Mid-Atlantic region with a network of long-haul fiber, metro Ethernet and Ethernet rings located primarily in Virginia and West Virginia, and portions of Maryland, Pennsylvania, Ohio and Kentucky. The Company serves carrier, business and residential customers over its fiber network offering data, voice and Internet protocol (IP) services.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.