Lumos Networks Corp Lowered to “Underperform” at Zacks (LMOS)
Lumos Networks Corp (NASDAQ:LMOS) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued on Thursday, Analyst Ratings Network.com reports. They currently have a $20.00 price objective on the stock. Zacks‘ price objective would suggest a potential downside of 4.76% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group initiated coverage on shares of Lumos Networks Corp in a research note to investors on Thursday, December 19th. They set a “hold” rating on the stock. Separately, analysts at Canaccord Genuity initiated coverage on shares of Lumos Networks Corp in a research note to investors on Thursday, December 5th. They set a “buy” rating and a $28.00 price target on the stock. Finally, analysts at DA Davidson upgraded shares of Lumos Networks Corp from a “neutral” rating to a “buy” rating in a research note to investors on Friday, November 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $24.00.
Lumos Networks Corp (NASDAQ:LMOS) traded down 4.62% during mid-day trading on Thursday, hitting $20.03. 53,868 shares of the company’s stock traded hands. Lumos Networks Corp has a one year low of $8.82 and a one year high of $25.10. The stock has a 50-day moving average of $22.22 and a 200-day moving average of $19.73. The company has a market cap of $441.1 million and a P/E ratio of 29.45.
Lumos Networks Corp (NASDAQ:LMOS) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.11 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.22 by $0.11. The company had revenue of $51.60 million for the quarter, compared to the consensus estimate of $51.86 million. The company’s revenue for the quarter was down .8% on a year-over-year basis.
Lumos Networks Corp. is a fiber-based service provider in the Mid-Atlantic region. The Company provides data, broadband, voice and Internet protocol (NASDAQ:LMOS) services over fiber optic network.
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