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Lumos Networks (LMOS) Sell-Off on Shift Offers a Buying Opportunity for Certain Investors, Cowen Said

August 6, 2015 12:48 PM EDT
Get Alerts LMOS Hot Sheet
Price: $17.98 --0%

Rating Summary:
    9 Buy, 2 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 8 | Down: 5 | New: 36
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Lumos Networks (NASDAQ: LMOS) is selling off sharply today (-7.2%) following results and a $150M investment from private-equity firm Pamplona. However, Cowen Colby Synesael said the stock is a buy for investors with a certain profile.

"Lumos announced that a private-equity firm has agreed to invest $150MM of capital into the company that in our view turns Lumos itself into a private-equity style investment," Synesael commented. "As such, for investors where such an investment style makes sense we would be aggressive buyers at current levels as we believe the sell-off tied to the shift in investment style is creating a large buying opportunity."

The firm maintained am Outperform price target of $21.00

For an analyst ratings summary and ratings history on Lumos Networks click here. For more ratings news on Lumos Networks click here.

Shares of Lumos Networks closed at $13.99 yesterday.



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