Shares of Lumos Networks Corp. (NASDAQ:LMOS) saw strong trading volume on Tuesday . 157,128 shares changed hands during trading, an increase of 23% from the previous session’s volume of 127,549 shares.The stock last traded at $11.63 and had previously closed at $11.55.

A number of analysts have commented on the stock. Jefferies Group restated a “hold” rating on shares of Lumos Networks Corp. in a research report on Saturday, May 14th. Zacks Investment Research raised shares of Lumos Networks Corp. from a “sell” rating to a “hold” rating in a research note on Friday, April 22nd. Finally, William Blair started coverage on shares of Lumos Networks Corp. in a research note on Tuesday, April 19th. They issued an “outperform” rating on the stock. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Lumos Networks Corp. currently has an average rating of “Buy” and an average target price of $17.80.

The stock has a market cap of $267.06 million and a price-to-earnings ratio of 63.02. The firm has a 50-day moving average of $11.82 and a 200-day moving average of $12.13.

Lumos Networks Corp. (NASDAQ:LMOS) last released its quarterly earnings data on Thursday, May 5th. The company reported ($0.13) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by $0.14. The firm earned $50.80 million during the quarter, compared to analysts’ expectations of $51.65 million. The firm’s quarterly revenue was up .6% on a year-over-year basis. During the same period last year, the company posted $0.12 EPS. On average, analysts predict that Lumos Networks Corp. will post ($0.02) EPS for the current year.

In other news, EVP Joseph E. Jr. Mccourt sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 18th. The stock was sold at an average price of $12.57, for a total transaction of $25,140.00. Following the completion of the sale, the executive vice president now owns 47,887 shares in the company, valued at $601,939.59. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

An institutional investor recently raised its position in Lumos Networks Corp. stock. Nationwide Fund Advisors boosted its stake in shares of Lumos Networks Corp. (NASDAQ:LMOS) by 0.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 142,657 shares of the company’s stock after buying an additional 405 shares during the period. Nationwide Fund Advisors owned about 0.62% of Lumos Networks Corp. worth $1,598,000 at the end of the most recent reporting period.

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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