News stories about Lumos Networks Corp. (NASDAQ:LMOS) have trended somewhat positive this week, according to Accern Sentiment. The research firm ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. 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 0.14 on Accern’s scale. Accern also gave media coverage about the utilities provider an impact score of 46.2144177795831 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Lumos Networks Corp. (LMOS) traded down 0.028% during mid-day trading on Tuesday, hitting $17.925. The company had a trading volume of 41,375 shares. The stock has a 50 day moving average price of $17.90 and a 200-day moving average price of $17.84. The stock’s market capitalization is $429.20 million. Lumos Networks Corp. has a 1-year low of $13.25 and a 1-year high of $17.99.
Lumos Networks Corp. (NASDAQ:LMOS) last issued its quarterly earnings results on Monday, August 7th. The utilities provider reported $0.02 EPS for the quarter, beating the consensus estimate of $0.01 by $0.01. The company had revenue of $56.37 million for the quarter, compared to the consensus estimate of $55.33 million. Lumos Networks Corp. had a negative net margin of 1.70% and a negative return on equity of 2.79%. On average, analysts forecast that Lumos Networks Corp. will post ($0.19) earnings per share for the current year.
LMOS has been the topic of a number of recent research reports. Zacks Investment Research cut Lumos Networks Corp. from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. BidaskClub cut Lumos Networks Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. Lumos Networks Corp. currently has a consensus rating of “Hold” and a consensus price target of $19.25.
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In related news, insider Thomas E. Ferry sold 8,252 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $17.94, for a total transaction of $148,040.88. Following the transaction, the insider now directly owns 50,383 shares in the company, valued at approximately $903,871.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 8.70% of the company’s stock.
Lumos Networks Corp. Company Profile
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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