CNSL has been the topic of a number of recent research reports. Research firm Zacks lifted Consolidated Communications Holdings from a "sell" recommendation to a "hold" recommendation in a analysis note on early Wed, Apr 26th.
10/17/2016 - Cowen began new coverage on Consolidated Communications Holdings, Inc. giving the company a " rating. Finally, Citigroup Inc. upgraded Consolidated Communications Holdings from a "sell" rating to a "neutral" rating in a report on Wednesday, June 7th. Norges Bank bought a new stake in Consolidated Communications Holdings during the fourth quarter valued at $14,189,000. Arizona State Retirement System boosted its position in Consolidated Communications Holdings by 0.4% in the second quarter. State Street Corp now owns 1,244,261 shares of the utilities provider's stock valued at $29,139,000 after buying an additional 111,177 shares during the last quarter. The firm owned 9,309 shares of the utilities provider's stock at the end of the first quarter. Consolidated Communications Holdings had a net margin of 0.48% and a return on equity of 14.49%. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company's stock. During the same period previous year, the business earned $0.20 earnings per share.
EX-99.1 2 exh_991.htm PRESS RELEASE EdgarFiling EXHIBIT 99.1 Consolidated Communications Reports Second Quarter 2017 Results Closed on acquisition of FairPoint July 3, ...
02/24/2017 - Consolidated Communications Holdings, Inc. had its " rating reiterated by analysts at Jefferies.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in CNSL. Finally, North Star Investment Management Corp. increased its position in Consolidated Communications Holdings by 2.8% in the first quarter. BlackRock Inc. now owns 7,040,459 shares of the utilities provider's stock valued at $164,887,000 after buying an additional 7,033,214 shares during the last quarter. The company now has an average rating of Hold and a consensus price target of $24.50. BidaskClub raised Consolidated Communications Holdings from a "sell" rating to a "hold" rating in a report on Tuesday, July 25th. Wells Fargo & Company MN now owns 108,905 shares of the utilities provider's stock worth $2,550,000 after buying an additional 4,132 shares in the last quarter. Vanguard Group Inc. now owns 5,607,472 shares of the utilities provider's stock valued at $131,326,000 after buying an additional 380,770 shares during the last quarter.
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Many Hedge funds have lately purchased and unloaded stocks of the shares. Raymond James Financial, Inc. upgraded shares of Consolidated Communications Holdings from an outperform rating to a strong-buy rating and set a $26.00 price target for the company in a report on Friday, June 9th. Taylor Wealth Management Partners upped its stake in Consolidated Communications Holdings by 196.3% in the Q1. Tudor Investment Et Al purchased a fresh position in Consolidated Communications Holdings in Q4 which is worth at roughly $242,000.
According to Zacks, "Consolidated Communications Holdings, Inc. offers a wide range of telecommunications services including local and long distance telephone, Digital Phone, High-Speed Internet access and Digital TV to individuals and businesses in Illinois, Pennsylvania, and Texas". The utilities provider reported $0.16 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.10 by $0.06. The company had revenue of $169.95 million for the quarter, compared to the consensus estimate of $169.69 million.
Shares of Consolidated Communications Holdings (NASDAQ:CNSL) traded up 5.48% during trading on Friday, hitting $19.63. 363,146 shares of the company were exchanged.
Consolidated Communications Holdings (NASDAQ:CNSL) last issued its quarterly earnings data on Thursday, August 3rd. The firm has a 50-day moving average of $19.74 and a 200 day moving average of $22.42. On average, equities analysts expect that Consolidated Communications Holdings will post $0.52 EPS for the current fiscal year. The company has a market capitalization of $936.02 million, a price-to-earnings ratio of 312.71 and a beta of 0.92. The business's revenue for the quarter was down 10.0% compared to the same quarter past year. If you are reading this news story on another domain, it was illegally copied and republished in violation of United States and global trademark & copyright law. The original version of this article can be accessed at https://weekherald.com/2017/08/04/consolidated-communications-holdings-inc-cnsl-receives-24-00-average-target-price-from-analysts.html.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Sunday, October 15th will be given a dividend of $0.3874 per share. The ex-dividend date of this dividend is Thursday, October 12th. Consolidated Communications Holdings's yield ratio (DPR) is presently 2,214.29%.