Analysts Set Lumos Networks Corp. (NASDAQ:LMOS) PT at $17.90
Lumos Networks Corp. (NASDAQ:LMOS) has received a consensus recommendation of “Buy” from the eight research firms that are covering the firm. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $17.90.
Several equities analysts have recently commented on the stock. Drexel Hamilton set a $18.00 price objective on shares of Lumos Networks Corp. and gave the stock a “buy” rating in a report on Wednesday, August 31st. BTIG Research assumed coverage on shares of Lumos Networks Corp. in a report on Thursday, August 11th. They issued a “buy” rating and a $17.50 price objective on the stock. Finally, Jefferies Group upgraded shares of Lumos Networks Corp. from a “hold” rating to a “buy” rating and upped their price objective for the stock from $15.00 to $16.00 in a report on Thursday, August 4th.
Lumos Networks Corp. (NASDAQ:LMOS) opened at 14.42 on Thursday. Lumos Networks Corp. has a 12-month low of $10.18 and a 12-month high of $14.61. The stock has a market capitalization of $338.34 million, a price-to-earnings ratio of 148.66 and a beta of 0.18. The firm has a 50-day moving average of $13.87 and a 200 day moving average of $12.76.
Lumos Networks Corp. (NASDAQ:LMOS) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.03 by $0.02. Lumos Networks Corp. had a net margin of 1.12% and a return on equity of 1.74%. The firm 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 posted $0.14 EPS. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year.
In other Lumos Networks Corp. news, EVP Joseph E. Jr. Mccourt sold 2,000 shares of the stock in a transaction that occurred on Monday, September 19th. The shares were sold at an average price of $13.96, for a total transaction of $27,920.00. Following the sale, the executive vice president now directly owns 47,887 shares in the company, valued at approximately $668,502.52. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 8.70% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the company. Arizona State Retirement System raised its stake in Lumos Networks Corp. by 2.5% in the second quarter. Arizona State Retirement System now owns 12,080 shares of the company’s stock worth $146,000 after buying an additional 300 shares during the period. National Asset Management Inc. raised its stake in Lumos Networks Corp. by 50.0% in the second quarter. National Asset Management Inc. now owns 30,000 shares of the company’s stock worth $363,000 after buying an additional 10,000 shares during the period. Highbridge Capital Management LLC acquired a new stake in Lumos Networks Corp. during the second quarter worth about $272,000. Paloma Partners Management Co acquired a new stake in Lumos Networks Corp. during the second quarter worth about $184,000. Finally, S Squared Technology LLC raised its stake in Lumos Networks Corp. by 8.3% in the second quarter. S Squared Technology LLC now owns 292,835 shares of the company’s stock worth $3,543,000 after buying an additional 22,500 shares during the period. Institutional investors own 85.16% of the company’s stock.
Lumos Networks Corp. Company Profile
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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