Lumos (LMOS): Assuming 10X EBITDA Stock Would Be Valued at $23/Share - Wells Fargo
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: 13 | Down: 11 | New: 11
Rating Summary:
9 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 11
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Wells Fargo analyst Jennifer Fritzshe commented on rumors Lumos Networks (NASDAQ: LMOS) is exploring a sale. Rumors originated at DealReporter.
Fritzshe said she continues to view Lumos as an attractive asset for strategic buyers. She went on to say private sector fiber translations have taken place at 9-12X EBITDA, suggesting over $23 per share value for Lumos at 10X.
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 $14.28 yesterday.
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