Lumos Networks Corp. (NASDAQ:LMOS) has been given a consensus rating of “Hold” by the six ratings firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $19.00.

LMOS has been the topic of several research reports. Zacks Investment Research upgraded Lumos Networks Corp. from a “sell” rating to a “hold” rating in a report on Thursday, July 27th. BidaskClub cut Lumos Networks Corp. from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 19th.

In related news, insider Thomas E. Ferry sold 8,252 shares of Lumos Networks Corp. stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $17.94, for a total value of $148,040.88. Following the transaction, the insider now directly owns 50,383 shares of the company’s stock, valued at $903,871.02. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 8.70% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of LMOS. Glazer Capital LLC lifted its stake in shares of Lumos Networks Corp. by 259.0% in the second quarter. Glazer Capital LLC now owns 544,592 shares of the utilities provider’s stock worth $9,732,000 after acquiring an additional 392,891 shares during the period. Gluskin Sheff & Assoc Inc. acquired a new position in shares of Lumos Networks Corp. in the second quarter worth approximately $5,862,000. Goldman Sachs Group Inc. lifted its stake in shares of Lumos Networks Corp. by 352.1% in the first quarter. Goldman Sachs Group Inc. now owns 367,641 shares of the utilities provider’s stock worth $6,507,000 after acquiring an additional 286,322 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Lumos Networks Corp. by 47.0% in the first quarter. Renaissance Technologies LLC now owns 850,500 shares of the utilities provider’s stock worth $15,054,000 after acquiring an additional 272,000 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of Lumos Networks Corp. by 7.9% in the first quarter. Vanguard Group Inc. now owns 2,909,952 shares of the utilities provider’s stock worth $51,506,000 after acquiring an additional 212,774 shares during the period. 79.74% of the stock is currently owned by institutional investors.

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Shares of Lumos Networks Corp. (NASDAQ:LMOS) opened at $17.97 on Wednesday. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 3.22. Lumos Networks Corp. has a twelve month low of $13.57 and a twelve month high of $17.99.

Lumos Networks Corp. (NASDAQ:LMOS) last released its quarterly earnings results on Monday, August 7th. The utilities provider reported $0.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.01. The company had revenue of $56.37 million for the quarter, compared to analysts’ expectations of $55.33 million. Lumos Networks Corp. had a negative return on equity of 2.79% and a negative net margin of 1.70%. equities research analysts predict that Lumos Networks Corp. will post -0.12 earnings per share for the current year.

About Lumos Networks Corp.

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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