Wells Fargo Starts Lumos Networks (LMOS) at Outperform

May 13, 2013 5:02 PM EDT Send to a Friend
Get Alerts LMOS Hot Sheet
Price: $17.22 -3.48%

Rating Summary:
    7 Buy, 1 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 15 | Down: 38 | New: 13
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Wells Fargo initiated coverage on Lumos Networks (NASDAQ: LMOS) with an Outperform rating and a price target of $19.00. Analyst Jennifer M. Fritzsche said the company represents a unique small cap opportunity in telecom.

"Over 55% of LMOS's revenue comes from Strategic Data area which has higher margin characteristics than its legacy revenue segments. We estimate this segment will continue to growth at mid-teen rate yr/yr. Simply put, LMOS is increasing its exposure to the 'growth' part of telecom and decreasing its exposure to the 'no growth' aspects to the industry. As this shift continues to occur we believe the model will experience meaningful margin expansion," she said.

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 $15.13 yesterday.

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