Lumos Networks Corp. (NASDAQ:LMOS) 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 traded. The stock had previously closed at $12.81.

LMOS has been the subject of a number of research reports. Jefferies Group raised Lumos Networks Corp. from a “hold” rating to a “buy” rating and lifted their target price for the stock from $15.00 to $16.00 in a report on Thursday, August 4th. Zacks Investment Research raised Lumos Networks Corp. from a “sell” rating to a “hold” rating in a report on Friday, April 22nd. BTIG Research started coverage on Lumos Networks Corp. in a research report on Thursday. They issued a “buy” rating and a $17.50 price target on the stock. Finally, William Blair started coverage on Lumos Networks Corp. in a research report on Tuesday, April 19th. They issued an “outperform” rating on the stock. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $17.92.

The stock’s 50-day moving average price is $12.01 and its 200-day moving average price is $12.22. The firm has a market cap of $312.29 million and a PE ratio of 137.22.

Lumos Networks Corp. (NASDAQ:LMOS) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. The business earned $52.40 million during the quarter, compared to the consensus estimate of $51.74 million. During the same quarter last year, the company earned $0.14 EPS. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year.

In other Lumos Networks Corp. news, EVP Joseph E. Jr. Mccourt sold 2,000 shares of the company’s stock in a transaction on 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 approximately $601,939.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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 fund owned 142,657 shares of the company’s stock after buying an additional 405 shares during the period. Nationwide Fund Advisors owned approximately 0.62% of Lumos Networks Corp. worth $1,598,000 at the end of the most recent quarter.

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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