Lumos Networks Corp. (NASDAQ:LMOS) has been given an average rating of “Hold” by the six ratings firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $19.25.

A number of research analysts have recently weighed in on LMOS shares. Zacks Investment Research downgraded shares of Lumos Networks Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, May 10th. BidaskClub downgraded shares of Lumos Networks Corp. from a “hold” rating to a “sell” rating in a report on Thursday, July 6th.

Lumos Networks Corp. (NASDAQ:LMOS) traded up 0.140% during midday trading on Friday, reaching $17.895. The company’s stock had a trading volume of 20,396 shares. The stock’s market capitalization is $428.48 million. Lumos Networks Corp. has a 52 week low of $13.25 and a 52 week high of $17.99. The firm’s 50-day moving average price is $17.89 and its 200-day moving average price is $17.66.

Lumos Networks Corp. (NASDAQ:LMOS) last released its earnings results on Monday, August 7th. The utilities provider reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. Lumos Networks Corp. had a negative net margin of 1.70% and a negative return on equity of 2.79%. The company had revenue of $56.37 million during the quarter, compared to the consensus estimate of $55.33 million. On average, analysts anticipate that Lumos Networks Corp. will post ($0.19) earnings per share for the current year.

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A number of institutional investors have recently added to or reduced their stakes in LMOS. Municipal Employees Retirement System of Michigan raised its position in Lumos Networks Corp. by 6.2% in the second quarter. Municipal Employees Retirement System of Michigan now owns 5,660 shares of the utilities provider’s stock worth $101,000 after buying an additional 330 shares during the period. BNP Paribas Arbitrage SA increased its position in shares of Lumos Networks Corp. by 48.7% in the second quarter. BNP Paribas Arbitrage SA now owns 8,200 shares of the utilities provider’s stock worth $147,000 after buying an additional 2,686 shares in the last quarter. Arizona State Retirement System increased its position in shares of Lumos Networks Corp. by 0.8% in the first quarter. Arizona State Retirement System now owns 12,280 shares of the utilities provider’s stock worth $217,000 after buying an additional 100 shares in the last quarter. Thrivent Financial For Lutherans increased its position in shares of Lumos Networks Corp. by 4.8% in the first quarter. Thrivent Financial For Lutherans now owns 13,290 shares of the utilities provider’s stock worth $235,000 after buying an additional 610 shares in the last quarter. Finally, Voya Investment Management LLC increased its position in shares of Lumos Networks Corp. by 12.0% in the second quarter. Voya Investment Management LLC now owns 13,337 shares of the utilities provider’s stock worth $238,000 after buying an additional 1,434 shares in the last quarter. Hedge funds and other institutional investors own 79.71% of the company’s stock.

About Lumos Networks Corp.

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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