Lumos Networks (LMOS) Shares Jump Following DA Davidson Upgrade

Shares of Lumos Networks (NASDAQ: LMOS) moved well into positive territory during Friday's afternoon session following an upgrade from DA Davidson's Donna Jaegers.

The analyst now rates the stock a Neutral, up from Underperform previously. The price target was raised from $8 to $8.50.

The downgrade follows Q1 results from the company this morning. Jaegers noted the quarterly results were mixed, however assured the 6.4 percent dividend yield is "safe," limiting downside.

For an analyst ratings summary and ratings history on Lumos Networks click here. For more ratings news on Lumos Networks click here.

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