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Jefferies Upgrades Lumos Networks (LMOS) to Buy

August 4, 2016 7:41 AM 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: 0 | Down: 0 | New: 0
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Jefferies upgraded Lumos Networks (NASDAQ: LMOS) from Hold to Buy with a price target of $16.00 (from $15.00).

Analyst Scott Goldman commented, "We upgrade shares of LMOS from Hold to Buy, raising our price target to $16 (36% upside). While 2Q results met expectations, we are encouraged by the accelerating enterprise growth, with a sizable market opportunity ahead. We now have confirmation that management will unveil separation plans along with 3Q earnings, and we believe the market is undervaluing the company's fiber assets, which provide a runway for significant growth, or potential consolidation."

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 $11.74 yesterday.



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