Lumos Networks (LMOS) PT Bumped to $18 at Jefferies

Jefferies analyst Scott Goldman reiterated a Buy rating and bumped his price target on Lumos Networks (NASDAQ: LMOS) to $18.00 (from $16.00) noting two important steps in the transition plan.

Goldman commented, "Enterprise revenue growth accelerated to 17.2% and the longer-term outlook continues to point to an attractive mid-teens CAGR. In addition, the company took two important steps in its transition to becoming a pure play fiber provider: initiating the separation of regulated assets and the acquisition of Clarity. Though small, the deal is indicative of management discipline while expanding the addressable market."

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 $14.58 yesterday.

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