Lumos Networks Corp. (NASDAQ:LMOS) has earned an average rating of “Hold” from the six brokerages that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $19.00.
LMOS has been the topic of several recent research reports. Zacks Investment Research downgraded Lumos Networks Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, May 10th. BidaskClub downgraded Lumos Networks Corp. from a “hold” rating to a “sell” rating in a report on Thursday, July 6th.
Several large investors have recently bought and sold shares of the company. Comerica Bank boosted its position in Lumos Networks Corp. by 5.0% in the fourth quarter. Comerica Bank now owns 24,755 shares of the utilities provider’s stock valued at $405,000 after buying an additional 1,175 shares during the last quarter. State Street Corp boosted its position in Lumos Networks Corp. by 8.4% in the fourth quarter. State Street Corp now owns 434,209 shares of the utilities provider’s stock worth $6,785,000 after buying an additional 33,740 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Lumos Networks Corp. by 5.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,182,237 shares of the utilities provider’s stock valued at $18,467,000 after buying an additional 64,402 shares during the last quarter. Renaissance Technologies LLC raised its stake in Lumos Networks Corp. by 25.4% in the fourth quarter. Renaissance Technologies LLC now owns 578,500 shares of the utilities provider’s stock valued at $9,036,000 after buying an additional 117,200 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its stake in 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 last quarter. Hedge funds and other institutional investors own 86.63% of the company’s stock.
Lumos Networks Corp. (LMOS) traded up 0.11% during midday trading on Thursday, reaching $17.91. The company’s stock had a trading volume of 62,102 shares. The firm’s market capitalization is $428.84 million. The firm has a 50 day moving average price of $17.86 and a 200 day moving average price of $17.06. Lumos Networks Corp. has a 1-year low of $10.88 and a 1-year high of $17.99.
Lumos Networks Corp. (NASDAQ:LMOS) last issued its quarterly earnings results on Monday, May 8th. The utilities provider reported ($0.24) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by $0.38. Lumos Networks Corp. had a negative net margin of 1.39% and a negative return on equity of 2.29%. The business had revenue of $54.92 million during the quarter, compared to the consensus estimate of $53.06 million. On average, analysts predict that Lumos Networks Corp. will post ($0.23) EPS for the current year.
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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