The stock of Lumos Networks Corp (NASDAQ:LMOS) hit a new 52-week high and has $41.96 target or 198.00% above today’s $14.08 share price. The 6 months bullish chart indicates low risk for the $334.62 million company. The 1-year high was reported on Oct, 28 by Barchart.com. If the $41.96 price target is reached, the company will be worth $662.55M 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 35,373 shares traded hands. Lumos Networks Corp (NASDAQ:LMOS) has risen 10.97% since March 28, 2016 and is uptrending. It has outperformed by 6.26% the S&P500.
Analysts await Lumos Networks Corp (NASDAQ:LMOS) to report earnings on November, 7. They expect $0.01 EPS, down 83.33% or $0.05 from last year’s $0.06 per share. LMOS’s profit will be $237,656 for 352.00 P/E if the $0.01 EPS becomes a reality. After $0.05 actual EPS reported by Lumos Networks Corp for the previous quarter, Wall Street now forecasts -80.00% negative 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. William Blair initiated the stock with “Outperform” rating in Tuesday, April 19 report. On Thursday, August 4 the stock rating was upgraded by Jefferies to “Buy”. The stock of Lumos Networks Corp (NASDAQ:LMOS) earned “Buy” rating by BTIG Research on Thursday, August 11.
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 decreased to 1.05 in 2016 Q2. Its down 0.74, from 1.79 in 2016Q1. The ratio fall, 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.
Highbridge Cap Mgmt Limited Company holds 0% of its portfolio in Lumos Networks Corp (NASDAQ:LMOS) for 22,431 shares. Ent Fincl Serv Corporation, a Missouri-based fund reported 179 shares. Blackrock Investment Management Lc holds 98,659 shares or 0% of its portfolio. Bridgeway Cap holds 0.01% of its portfolio in Lumos Networks Corp (NASDAQ:LMOS) for 40,000 shares. Northern Tru Corporation accumulated 0% or 259,352 shares. The New York-based Renaissance Ltd Liability Co has invested 0.01% in Lumos Networks Corp (NASDAQ:LMOS). Epoch Inv Prtn accumulated 1.71M shares or 0.08% of the stock. New York State Teachers Retirement System last reported 29,056 shares in the company. Moreover, Citigroup has 0% invested in Lumos Networks Corp (NASDAQ:LMOS) for 20,749 shares. Wells Fargo Mn accumulated 9,885 shares or 0% of the stock. Pub Sector Pension Invest Board last reported 15,839 shares in the company. Sei Investments holds 0% of its portfolio in Lumos Networks Corp (NASDAQ:LMOS) for 4 shares. Aqr Capital Mngmt Limited Liability Corporation owns 10,484 shares or 0% of their US portfolio. The Michigan-based Comerica Fincl Bank has invested 0% in Lumos Networks Corp (NASDAQ:LMOS). Thrivent Financial For Lutherans owns 11,390 shares or 0% of their US portfolio.
Insider Transactions: Since May 18, 2016, the stock had 0 insider buys, and 11 selling transactions for $209,190 net activity. 1,000 shares were sold by McDermott Mary, worth $12,190. 2,000 shares were sold by McCourt Joseph E. Jr., worth $28,220.
More important recent Lumos Networks Corp (NASDAQ:LMOS) news were published by: Businesswire.com which released: “Lumos Networks Selects SecurityCoverage as Connected Home Partner” on October 20, 2016, also Businesswire.com published article titled: “Lumos Networks Corp. Reports Second Quarter 2015 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: Businesswire.com and their article: “Lumos Networks to Present at Financial Conferences in November of 2015” with publication date: October 21, 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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