Lumos Networks Corp. (LMOS) Shares Up 1.9%
Lumos Networks Corp. (NASDAQ:LMOS) shot up 1.9% during mid-day trading on Monday . The stock traded as high as $13.70 and last traded at $13.69, with a volume of 55,535 shares. The stock had previously closed at $13.43.
Several research firms recently issued reports on LMOS. Jefferies Group raised shares of Lumos Networks Corp. from a “hold” rating to a “buy” rating and increased their target price for the stock from $15.00 to $16.00 in a report on Thursday, August 4th. BTIG Research began coverage on shares of Lumos Networks Corp. in a report on Thursday, August 11th. They issued a “buy” rating and a $17.50 target price for the company. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $17.90.
The company has a market capitalization of $321.68 million and a price-to-earnings ratio of 141.34. The stock’s 50 day moving average price is $12.48 and its 200 day moving average price is $12.38.
Lumos Networks Corp. (NASDAQ:LMOS) last released its earnings results on Wednesday, August 3rd. The company reported $0.05 EPS for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.02. During the same period last year, the firm earned $0.14 EPS. The firm had revenue of $52.40 million for the quarter, compared to analyst estimates of $51.74 million. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year.
In related news, EVP Joseph E. Jr. Mccourt sold 2,000 shares of Lumos Networks Corp. stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $13.26, for a total transaction of $26,520.00. Following the completion of the sale, the executive vice president now owns 47,887 shares of the company’s stock, valued at $634,981.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
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.
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