Lumos Networks Corp. (LMOS) Sets New 12-Month High at $14.20
Lumos Networks Corp. (NASDAQ:LMOS) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $14.20 and last traded at $13.99, with a volume of 59,540 shares changing hands. The stock had previously closed at $13.99.
Several research firms have issued reports on LMOS. Jefferies Group raised shares of Lumos Networks Corp. from a “hold” rating to a “buy” rating and boosted their price objective for the company from $15.00 to $16.00 in a research report on Thursday, August 4th. BTIG Research began coverage on shares of Lumos Networks Corp. in a research report on Thursday, August 11th. They issued a “buy” rating and a $17.50 price objective for the company. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $17.90.
The firm has a market capitalization of $327.54 million and a price-to-earnings ratio of 143.92. The company’s 50 day moving average is $12.67 and its 200-day moving average is $12.47.
Lumos Networks Corp. (NASDAQ:LMOS) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.02. The business earned $52.40 million during the quarter, compared to analysts’ expectations of $51.74 million. During the same period in the previous year, the business posted $0.14 EPS. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year.
In other news, EVP Joseph E. Jr. Mccourt sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $13.26, for a total value of $26,520.00. Following the completion of the transaction, 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 legal filing with the SEC, 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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