Lumos Networks Corp. (LMOS) Receives $19.00 Average Price Target from Brokerages

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

Separately, Zacks Investment Research upgraded shares of Lumos Networks from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research note on Wednesday, August 9th.

Lumos Networks (LMOS) remained flat at $$17.98 during trading hours on Friday. 99,200 shares of the company’s stock were exchanged, compared to its average volume of 232,861. Lumos Networks has a 1 year low of $14.02 and a 1 year high of $17.99. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 2.76.

In related news, insider Pamplona Capital Partners Iv L sold 1,225,278 shares of the firm’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $18.00, for a total value of $22,055,004.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 8.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Arizona State Retirement System grew its position in Lumos Networks by 1.6% in the 2nd quarter. Arizona State Retirement System now owns 12,480 shares of the utilities provider’s stock worth $223,000 after purchasing an additional 200 shares during the last quarter. Municipal Employees Retirement System of Michigan grew its position in Lumos Networks 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 purchasing an additional 330 shares during the last quarter. Texas Permanent School Fund grew its position in Lumos Networks by 2.4% in the 2nd quarter. Texas Permanent School Fund now owns 17,482 shares of the utilities provider’s stock worth $312,000 after purchasing an additional 413 shares during the last quarter. Nationwide Fund Advisors grew its position in Lumos Networks by 4.1% in the 2nd quarter. Nationwide Fund Advisors now owns 17,302 shares of the utilities provider’s stock worth $309,000 after purchasing an additional 686 shares during the last quarter. Finally, Thrivent Financial For Lutherans grew its position in Lumos Networks by 8.6% in the 2nd quarter. Thrivent Financial For Lutherans now owns 14,430 shares of the utilities provider’s stock worth $258,000 after purchasing an additional 1,140 shares during the last quarter. Institutional investors own 75.63% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Lumos Networks Corp. (LMOS) Receives $19.00 Average Price Target from Brokerages” was published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this story on another domain, it was illegally stolen and republished in violation of US and international copyright & trademark law. The original version of this story can be accessed at https://stocknewstimes.com/2017/12/06/lumos-networks-corp-lmos-receives-19-00-average-price-target-from-brokerages.html.

Lumos Networks 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.

Receive News & Ratings for Lumos Networks Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lumos Networks Corp. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply