Shares of Lumos Networks Corp. (NASDAQ:LMOS) traded down 4.5% during trading on Tuesday . The stock traded as low as $10.88 and last traded at $10.93, with a volume of 89,896 shares traded. The stock had previously closed at $11.44.

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

The firm has a market cap of $254.72 million and a price-to-earnings ratio of 60.11. The company’s 50-day moving average is $11.78 and its 200 day moving average is $12.16.

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

In other Lumos Networks Corp. news, EVP Joseph E. Jr. Mccourt sold 2,000 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now owns 47,887 shares of the company’s stock, valued at $601,939.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

A hedge fund recently raised its stake in Lumos Networks Corp. stock. Nationwide Fund Advisors boosted its position in shares of Lumos Networks Corp. (NASDAQ:LMOS) by 0.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 142,657 shares of the company’s stock after buying an additional 405 shares during the period. Nationwide Fund Advisors owned 0.62% of Lumos Networks Corp. worth $1,598,000 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.

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