Market Overview

UPDATE: Canaccord Initiates On Lumos Networks On Solid Near-Term Growth Strategy

Related LMOS
35 Biggest Movers From Yesterday
Mid-Afternoon Market Update: Dow Gains 90 Points; Micronet Enertec Technologies Shares Drop

In a report published Thursday, Canaccord Genuity analyst Greg Miller initiated a Buy rating on Lumos Networks (NASDAQ: LMOS) and initiated a price target of $28.00.

In the report, Canaccord Genuity says "We are launching coverage of Lumos Networks, a Mid-Atlantic provider of fiber optic-based communications services, with a BUY rating and a $28 price target that implies an 8.5x multiple on 2015E EBITDA. With its new management team last year following its spinoff from NTELOS, Lumos began an effort to transform the company from a legacy local telephone company to one that provides strategic data communications services to its established customers in addition to ones in new regional markets. Delivering fiber capacity to wireless carriers and new buildings in its core markets is central to that theme."

Lumos closed on Wednesday at $24.02.

Latest Ratings for LMOS

Feb 2017Drexel HamiltonDowngradesBuyHold
Feb 2017William BlairDowngradesOutperformMarket Perform
Feb 2017JefferiesDowngradesBuyHold

View More Analyst Ratings for LMOS
View the Latest Analyst Ratings

Posted-In: Canaccord Genuity Greg MillerAnalyst Color Initiation Analyst Ratings


Related Articles (LMOS)

View Comments and Join the Discussion!

Latest Ratings

ACBIKeefe Bruyette & WoodsUpgrades21.0
COTYBMO CapitalUpgrades12.0
VYGRRaymond JamesUpgrades0.0
ATNXJP MorganUpgrades15.0
View the Latest Analytics Ratings
Don't Miss Out!
Join Our Newsletter
Subscribe to:
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
Your weekly roundup of hot topics in the exciting world of fintech.
Thank You
for registering for Benzinga’s newsletters and alerts.
• The Daily Analysts Ratings email will be received daily between 7am and 10am.
• The Market in 5 Minutes email will be received daily between 7am and 8am.
• The Fintech Focus email will be received every Friday between 2pm and 5pm.

UPDATE: Benchmark Initiates On Covidien On Diversification Based Growth

Royal Bank of Canada Q4 Profit Surges 11%