Lumos Networks Corp. (LMOS) Reaches New 52-Week High at $13.89
Lumos Networks Corp. (NASDAQ:LMOS) shares hit a new 52-week high during trading on Tuesday . The company 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.
A number of brokerages have commented on LMOS. Jefferies Group upgraded shares of Lumos Networks Corp. from a “hold” rating to a “buy” rating and raised their price target for the stock from $15.00 to $16.00 in a research note on Thursday, August 4th. BTIG Research started coverage on shares of Lumos Networks Corp. in a research note on Thursday, August 11th. They set a “buy” rating and a $17.50 price target for the company. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $17.90.
The stock’s 50-day moving average price is $12.51 and its 200-day moving average price is $12.39. The stock has a market capitalization of $321.44 million and a P/E ratio of 141.24.
Lumos Networks Corp. (NASDAQ:LMOS) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.02. During the same period last year, the company posted $0.14 EPS. The firm had revenue of $52.40 million for the quarter, compared to the consensus estimate of $51.74 million. The business’s revenue was up 2.8% on a year-over-year basis.
In other news, EVP Joseph E. Jr. Mccourt sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, August 18th. The shares were 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 approximately $634,981.62. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
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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