Lumos Networks Corp. (LMOS) Hits New 12-Month High at $14.20
Lumos Networks Corp. (NASDAQ:LMOS) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $14.20 and last traded at $13.99, with a volume of 59,540 shares trading hands. The stock had previously closed at $13.99.
LMOS has been the topic of a number of recent analyst reports. BTIG Research initiated coverage on Lumos Networks Corp. in a research report on Thursday, August 11th. They issued a “buy” rating and a $17.50 target price on the stock. Jefferies Group reiterated a “hold” rating on shares of Lumos Networks Corp. in a research report on Saturday, May 14th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Lumos Networks Corp. currently has a consensus rating of “Buy” and an average price target of $17.90.
The stock has a market cap of $326.37 million and a PE ratio of 143.40. The company’s 50 day moving average price is $12.60 and its 200 day moving average price is $12.42.
Lumos Networks Corp. (NASDAQ:LMOS) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. The firm had revenue of $52.40 million for the quarter, compared to analysts’ expectations of $51.74 million. During the same period in the prior year, the company earned $0.14 EPS. The firm’s quarterly 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 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 transaction, 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 Securities & Exchange Commission, which can be accessed through this link.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.