Share on StockTwits

Equities researchers at Canaccord Genuity decreased their price target on shares of Lumos Networks Corp (NASDAQ:LMOS) from $28.00 to $23.00 in a research report issued on Wednesday, Analyst Ratings.Net reports. Canaccord Genuity’s price target would suggest a potential upside of 52.82% from the stock’s previous close.

Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of Lumos Networks Corp from an “underperform” rating to a “neutral” rating in a research note on Tuesday, February 4th. They now have a $19.40 price target on the stock. Finally, analysts at Jefferies Group initiated coverage on shares of Lumos Networks Corp in a research note on Thursday, December 19th. They set a “hold” rating on the stock. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $20.30.

Shares of Lumos Networks Corp (NASDAQ:LMOS) traded down 6.49% on Wednesday, hitting $14.98. The stock had a trading volume of 548,283 shares. Lumos Networks Corp has a 1-year low of $10.65 and a 1-year high of $25.10. The stock has a 50-day moving average of $18.73 and a 200-day moving average of $20.05. The company has a market cap of $329.9 million and a price-to-earnings ratio of 22.47.

Lumos Networks Corp (NASDAQ:LMOS) last released its earnings data on Tuesday, February 25th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by $0.04. The company had revenue of $51.00 million for the quarter, compared to the consensus estimate of $51.92 million. Analysts expect that Lumos Networks Corp will post $0.89 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Thursday, April 10th. Shareholders of record on Thursday, March 13th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 3.72%. The ex-dividend date is Tuesday, March 11th.

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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.