Shares of Lumos Networks Corp. (NASDAQ:LMOS) have been assigned an average rating of “Hold” from the six analysts that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $19.00.

Several equities analysts have recently issued reports on LMOS shares. Zacks Investment Research lowered Lumos Networks Corp. from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. BidaskClub lowered Lumos Networks Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, July 6th.

Lumos Networks Corp. (NASDAQ LMOS) traded up 0.06% on Tuesday, reaching $17.93. 240,671 shares of the company’s stock traded hands. Lumos Networks Corp. has a 12 month low of $13.25 and a 12 month high of $17.99. The firm’s 50 day moving average price is $17.91 and its 200 day moving average price is $17.85. The company’s market cap is $429.32 million.

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

In other Lumos Networks Corp. news, insider Thomas E. Ferry sold 8,252 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $17.94, for a total value of $148,040.88. Following the completion of the transaction, the insider now owns 50,383 shares of the company’s stock, valued at approximately $903,871.02. The sale was disclosed in a legal filing with the SEC, which is available through this link. 8.70% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the business. Municipal Employees Retirement System of Michigan raised its position in Lumos Networks Corp. by 6.2% in the 2nd 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 last quarter. BNP Paribas Arbitrage SA raised its position in Lumos Networks Corp. by 48.7% in the 2nd 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 during the last quarter. Arizona State Retirement System raised its position in Lumos Networks Corp. by 0.8% in the 1st 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 during the last quarter. Thrivent Financial For Lutherans raised its position in Lumos Networks Corp. by 4.8% in the 1st 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 during the last quarter. Finally, Voya Investment Management LLC raised its position in Lumos Networks Corp. by 12.0% in the 2nd 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 during the last quarter. 79.71% of the stock is owned by institutional investors and hedge funds.

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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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