Lumos Networks Corp. (LMOS) Reaches New 12-Month High at $13.89
Lumos Networks Corp. (NASDAQ:LMOS) shares reached a new 52-week high on Tuesday . The stock traded as high as $13.89 and last traded at $13.71, with a volume of 56,885 shares. The stock had previously closed at $13.60.
LMOS has been the topic of several recent analyst reports. BTIG Research initiated coverage on Lumos Networks Corp. in a research report on Thursday, August 11th. They set a “buy” rating and a $17.50 price target on the stock. Jefferies Group raised Lumos Networks Corp. from a “hold” rating to a “buy” rating and boosted their price target for the stock from $15.00 to $16.00 in a research report on Thursday, August 4th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $17.90.
The company has a market cap of $322.38 million and a PE ratio of 141.65. The firm has a 50-day moving average of $12.44 and a 200-day moving average of $12.36.
Lumos Networks Corp. (NASDAQ:LMOS) last released its earnings results on Wednesday, August 3rd. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.03 by $0.02. The business had revenue of $52.40 million for the quarter, compared to analyst estimates of $51.74 million. During the same period in the prior year, the business earned $0.14 EPS. The company’s revenue for the quarter was up 2.8% on a year-over-year basis.
In related 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 stock was sold at an average price of $13.26, for a total transaction of $26,520.00. Following the completion of the sale, 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 Securities & Exchange Commission, 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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