Close

Cowen Raises Price Target on Lumos Networks (LMOS) Following 3Q Results

November 4, 2015 7:25 AM EST
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: 4 | New: 35
Join SI Premium – FREE

Cowen reiterated an Outperform rating on Lumos Networks (NASDAQ: LMOS), and raised the price target to $20.00 (from $17.50), following the company's 3Q earnings results. Total revenue was $51.0MM vs. the Street’s $50.5MME. For 2015, mgmt. continues to expect revenue of $202MM (Street's Old: $203.2MM).

Analyst Colby Synesael commented, "Next yr. is shaping up to be a transformational yr. that we believe could result in LMOS 1) acquiring a relatively large fiber co., 2) winning at least one large FTTC deal, and 3) potentially selling its legacy RLEC business. We continue to view LMOS as a PE style investment that may not fully play out until 2017/18 but for those who can be patient we would be aggressive buyers at current levels."

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 $12.83 yesterday.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change

Related Entities

Cowen & Co, Earnings