Lumos Networks Corp. (NASDAQ:LMOS) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.

Separately, Zacks Investment Research downgraded shares of Lumos Networks Corp. from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $19.25.

Shares of Lumos Networks Corp. (NASDAQ:LMOS) remained flat at $17.85 during midday trading on Thursday. 173,701 shares of the company’s stock were exchanged. The stock’s market capitalization is $427.40 million. Lumos Networks Corp. has a one year low of $10.88 and a one year high of $17.99. The firm’s 50-day moving average price is $17.86 and its 200 day moving average price is $17.06.

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 Thomson Reuters’ 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%. Analysts forecast that Lumos Networks Corp. will post ($0.23) EPS for the current fiscal year.

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Several hedge funds have recently made changes to their positions in the stock. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in shares of Lumos Networks Corp. during the first quarter valued at approximately $413,000. Gabelli Funds LLC increased its stake in shares of Lumos Networks Corp. by 257.8% in the first quarter. Gabelli Funds LLC now owns 42,935 shares of the utilities provider’s stock valued at $760,000 after buying an additional 30,935 shares in the last quarter. Comerica Bank increased its stake in shares of Lumos Networks Corp. by 4.2% in the first quarter. Comerica Bank now owns 25,803 shares of the utilities provider’s stock valued at $462,000 after buying an additional 1,048 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Lumos Networks Corp. by 16.3% in the first quarter. Bank of New York Mellon Corp now owns 401,348 shares of the utilities provider’s stock valued at $7,104,000 after buying an additional 56,182 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of Lumos Networks Corp. by 13.0% in the first quarter. Wells Fargo & Company MN now owns 34,825 shares of the utilities provider’s stock valued at $617,000 after buying an additional 3,996 shares in the last quarter. Institutional investors own 86.63% of the company’s stock.

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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