The stock of Lumos Networks Corp (NASDAQ:LMOS) hit a new 52-week high and has $15.22 target or 4.00% above today’s $14.63 share price. The 5 months bullish chart indicates low risk for the $344.22M company. The 1-year high was reported on Nov, 29 by Barchart.com. If the $15.22 price target is reached, the company will be worth $13.77 million 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 81,171 shares traded hands. Lumos Networks Corp (NASDAQ:LMOS) has risen 14.90% since April 26, 2016 and is uptrending. It has outperformed by 9.64% the S&P500.
Analysts await Lumos Networks Corp (NASDAQ:LMOS) to report earnings on March, 6. They expect $0.05 EPS, down 58.33% or $0.07 from last year’s $0.12 per share. LMOS’s profit will be $1.18M for 73.15 P/E if the $0.05 EPS becomes a reality. After $0.03 actual EPS 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. Jefferies upgraded Lumos Networks Corp (NASDAQ:LMOS) on Thursday, August 4 to “Buy” rating. The firm earned “Outperform” rating on Tuesday, April 19 by William Blair. BTIG Research initiated it with “Buy” rating and $17.50 target price in Thursday, August 11 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 Q2 2016. 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.
Teacher Retirement Systems Of Texas, a Texas-based fund reported 2,919 shares. Corbyn Inv Md owns 1.12M shares or 4.42% of their US portfolio. Fmr Limited Liability has 0% invested in the company for 2.99 million shares. Barclays Public Ltd reported 49 shares or 0% of all its holdings. Dimensional Fund Advisors Lp last reported 0.01% of its portfolio in the stock. Vanguard Group Inc last reported 0% of its portfolio in the stock. Principal Fincl Grp Inc has 0% invested in the company for 163,845 shares. Columbia Wanger Asset Mgmt Ltd Com holds 0.11% or 770,000 shares in its portfolio. Blackrock Limited Liability owns 10,690 shares or 0% of their US portfolio. Deutsche State Bank Ag has invested 0% of its portfolio in Lumos Networks Corp (NASDAQ:LMOS). Sei Invests has 4 shares for 0% of their US portfolio. Spark Investment Mngmt Ltd Com accumulated 29,200 shares or 0.03% of the stock. Shannon River Fund Mngmt Llc has invested 1.4% of its portfolio in Lumos Networks Corp (NASDAQ:LMOS). Ameriprise owns 229,619 shares or 0% of their US portfolio. Comerica National Bank accumulated 23,131 shares or 0% of the stock.
Insider Transactions: Since June 2, 2016, the stock had 0 buys, and 11 sales for $214,310 net activity. $11,640 worth of Lumos Networks Corp (NASDAQ:LMOS) was sold by McDermott Mary on Monday, August 1. $28,340 worth of Lumos Networks Corp (NASDAQ:LMOS) was sold by McCourt Joseph E. Jr..
More important recent Lumos Networks Corp (NASDAQ:LMOS) news were published by: Businesswire.com which released: “Lumos Networks Corp. Reports Third Quarter 2016 Results” on November 09, 2016, also Reuters.com published article titled: “BRIEF-Lumos Networks Corp. reports third quarter 2016 results”, Businesswire.com published: “Lumos Networks Corp. Reports Second Quarter 2016 Results” on August 03, 2016. More interesting news about Lumos Networks Corp (NASDAQ:LMOS) was released by: Streetinsider.com and their article: “Lumos Networks (LMOS) to Acquire Clarity Communications Group” with publication date: November 09, 2016.
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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