News stories about Lumos Networks Corp. (NASDAQ:LMOS) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Lumos Networks Corp. earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave news headlines about the utilities provider an impact score of 45.3464417139066 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Several research firms have recently commented on LMOS. Zacks Investment Research downgraded shares of Lumos Networks Corp. from a “buy” rating to a “hold” rating in a research note on Saturday, September 23rd. BidaskClub downgraded shares of Lumos Networks Corp. from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $19.25.
Lumos Networks Corp. (LMOS) remained flat at $17.94 during midday trading on Monday. The company’s stock had a trading volume of 157,743 shares. The company has a 50 day moving average price of $17.94 and a 200-day moving average price of $17.90. Lumos Networks Corp. has a 52 week low of $13.25 and a 52 week high of $17.99. The stock’s market cap is $429.56 million.
Lumos Networks Corp. (NASDAQ:LMOS) last issued its earnings results on Monday, August 7th. The utilities provider reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.01. Lumos Networks Corp. had a negative net margin of 1.70% and a negative return on equity of 2.79%. The business had revenue of $56.37 million during the quarter, compared to analysts’ expectations of $55.33 million. Analysts forecast that Lumos Networks Corp. will post ($0.19) EPS for the current year.
In other news, insider Thomas E. Ferry sold 8,252 shares of the company’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $17.94, for a total value of $148,040.88. Following the completion of the transaction, the insider now owns 50,383 shares in the company, valued at approximately $903,871.02. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 8.70% of the company’s stock.
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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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