Lumos Networks Corp. (LMOS) Trading Up 1.9%
Shares of Lumos Networks Corp. (NASDAQ:LMOS) were up 1.9% on Monday . The company traded as high as $13.70 and last traded at $13.69, with a volume of 55,535 shares traded. The stock had previously closed at $13.43.
A number of analysts have recently weighed in on LMOS shares. BTIG Research started coverage on shares of Lumos Networks Corp. in a report on Thursday, August 11th. They set a “buy” rating and a $17.50 price target for the company. Jefferies Group reissued a “hold” rating on shares of Lumos Networks Corp. in a research note on Saturday, May 14th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $17.90.
The firm has a market capitalization of $319.10 million and a PE ratio of 140.21. The stock’s 50-day moving average is $12.41 and its 200-day moving average is $12.32.
Lumos Networks Corp. (NASDAQ:LMOS) last posted its earnings results on Wednesday, August 3rd. The company reported $0.05 earnings per share for the quarter, topping the 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 quarter in the previous year, the business earned $0.14 EPS. Lumos Networks Corp.’s revenue for the quarter was up 2.8% on a year-over-year basis.
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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