Shares of Lumos Networks Corp. (NASDAQ:LMOS) have received an average recommendation of “Hold” from the six analysts that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $19.00.

Several research analysts have commented on the stock. BidaskClub cut shares of Lumos Networks Corp. from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 19th. Zacks Investment Research cut shares of Lumos Networks Corp. from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd.

Lumos Networks Corp. (LMOS) traded up 0.06% during trading on Thursday, hitting $17.91. The company had a trading volume of 56,192 shares. The company’s market cap is $428.84 million. The company’s 50 day moving average price is $17.88 and its 200-day moving average price is $17.43. Lumos Networks Corp. has a 12 month low of $11.32 and a 12 month high of $17.99.

Lumos Networks Corp. (NASDAQ:LMOS) last released its quarterly earnings data on Monday, May 8th. The utilities provider reported ($0.24) earnings per share for the quarter, missing the consensus estimate of $0.14 by $0.38. The business had revenue of $54.92 million for the quarter, compared to analyst estimates of $53.06 million. Lumos Networks Corp. had a negative return on equity of 2.29% and a negative net margin of 1.39%. Equities analysts expect that Lumos Networks Corp. will post ($0.23) earnings per share for the current year.

A number of hedge funds have recently modified their holdings of LMOS. Municipal Employees Retirement System of Michigan boosted its stake in shares of 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 last quarter. Thrivent Financial for Lutherans increased its stake in shares of Lumos Networks Corp. by 5.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 12,680 shares of the utilities provider’s stock valued at $198,000 after buying an additional 700 shares during the period. Arizona State Retirement System increased its stake 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 valued at $217,000 after buying an additional 100 shares during the period. Thrivent Financial For Lutherans increased its stake 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 valued at $235,000 after buying an additional 610 shares during the period. Finally, Paloma Partners Management Co bought a new stake in Lumos Networks Corp. during the first quarter worth about $251,000. Hedge funds and other institutional investors own 85.75% of the company’s stock.

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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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