The stock of Lumos Networks Corp (NASDAQ:LMOS) hit a new 52-week high and has $16.00 target or 9.00% above today’s $14.68 share price. The 8 months bullish chart indicates low risk for the $351.65 million company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $16.00 price target is reached, the company will be worth $31.65M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 31,518 shares traded hands. Lumos Networks Corp (NASDAQ:LMOS) has risen 13.83% since April 21, 2016 and is uptrending. It has outperformed by 8.50% the S&P500.
Analysts await Lumos Networks Corp (NASDAQ:LMOS) to report earnings on March, 6. They expect $0.05 earnings per share, down 58.33% or $0.07 from last year’s $0.12 per share. LMOS’s profit will be $1.20 million for 73.40 P/E if the $0.05 EPS becomes a reality. After $0.03 actual earnings per share reported by Lumos Networks Corp for the previous quarter, Wall Street now forecasts 66.67% EPS growth.
Lumos Networks Corp (NASDAQ:LMOS) Ratings Coverage
Out of 5 analysts covering Lumos Networks (NASDAQ:LMOS), 5 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Lumos Networks has been the topic of 8 analyst reports since August 7, 2015 according to StockzIntelligence Inc. As per Thursday, August 11, the company rating was initiated by BTIG Research. The rating was initiated by William Blair with “Outperform” on Tuesday, April 19. Jefferies upgraded it to “Buy” rating and $16 target price in Thursday, August 4 report.
According to Zacks Investment Research, “Lumos Networks Corp. operates as fiber-based network service provider primarily in the Mid-Atlantic region. It operates in two segments: Competitive and Rural Local Exchange Carrier. The Competitive segment offers transport services, data and voice services and Internet access, and carrier transport services. The Rural Local Exchange Carrier segment provides wireline communications services. The Company serves a wide range of customers, including telecommunication carriers, enterprise and other business customers and residential customers over a dense fiber network offering data, voice, and IP-based services. Lumos Networks Corp. is headquartered in Waynesboro, Virginia.”
Insitutional Activity: The institutional sentiment increased to 1.71 in 2016 Q2. Its up 0.66, from 1.05 in 2016Q1. The ratio improved, as 6 funds sold all Lumos Networks Corp shares owned while 31 reduced positions. 10 funds bought stakes while 29 increased positions. They now own 19.79 million shares or 1.09% less from 20.01 million shares in 2016Q1.
Principal Group Inc Inc accumulated 0% or 163,845 shares. Teacher Retirement Systems Of Texas has invested 0% of its portfolio in Lumos Networks Corp (NASDAQ:LMOS). Zurcher Kantonalbank (Zurich Cantonalbank) owns 895 shares or 0% of their US portfolio. Ameriprise Inc holds 229,619 shares or 0% of its portfolio. Teachers Retirement Systems Of The State Of Kentucky reported 7,300 shares or 0% of all its holdings. Bridgeway Cap Mgmt has 0.01% invested in the company for 40,000 shares. Parametric Portfolio Ltd Co last reported 43,251 shares in the company. Aqr Cap, a Connecticut-based fund reported 10,484 shares. Prudential Financial has invested 0% of its portfolio in Lumos Networks Corp (NASDAQ:LMOS). Bnp Paribas Arbitrage Sa accumulated 0% or 7,109 shares. Swiss National Bank owns 41,100 shares or 0% of their US portfolio. Wells Fargo & Mn holds 9,885 shares or 0% of its portfolio. Service, a Missouri-based fund reported 179 shares. Texas Permanent School Fund holds 0% of its portfolio in Lumos Networks Corp (NASDAQ:LMOS) for 17,802 shares. Strs Ohio holds 52,200 shares or 0% of its portfolio.
Insider Transactions: Since June 2, 2016, the stock had 0 buys, and 12 selling transactions for $226,500 net activity. McDermott Mary sold $13,890 worth of Lumos Networks Corp (NASDAQ:LMOS) on Monday, October 3. $25,000 worth of shares were sold by McCourt Joseph E. Jr. on Tuesday, July 5.
More notable recent Lumos Networks Corp (NASDAQ:LMOS) news were published by: Businesswire.com which released: “Lumos Networks Launches $69.95 Special Promotion for Gigabit FAST Residential …” on November 18, 2016, also Marketwatch.com with their article: “Lumos Networks started at buy with $17.50 stock price target at BTIG” published on November 01, 2011, Reuters.com published: “BRIEF-Lumos Networks Corp. reports third quarter 2016 results” on March 26, 2013. More interesting news about Lumos Networks Corp (NASDAQ:LMOS) were released by: Businesswire.com and their article: “Lumos Networks Corp. Reports Second Quarter 2016 Results” published on August 03, 2016 as well as Businesswire.com‘s news article titled: “Lumos Networks Corp. Reports Second Quarter 2015 Results” with publication date: August 05, 2015.
LMOS Company Profile
Lumos Networks Corp., incorporated on February 16, 2011, is a fiber bandwidth infrastructure and service well-known 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 Firm serves carrier, business and residential clients over its fiber network offering data, voice and Internet protocol (IP) services. The Firm operates through three divisions: Data, Residential and Small Business (R&SB) and RLEC Access. The Data segment includes the Company’s enterprise data, transport and Fiber to the Cell (FTTC) product groups. The R&SB segment includes legacy voice and IP services products targeted to its residential and small business customers. The RLEC Access segment provides carrier clients access to the Company’s network within the Company’s RLEC footprint and primarily includes switched access services
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