Consolidated Communications Hol (CNSL) Reaches 52-Week High

Paterniano Del Favero
Luglio 18, 2017

(NASDAQ:CNSL) have received an average rating of "Hold" from the ten brokerages that are covering the company, reports.

CNSL has been the topic of several recent research reports.

Now the shares of Consolidated Communications Holdings Inc. Jefferies Group LLC restated a "hold" rating and issued a $170.00 price objective (up from $160.00) on shares of L-3 Communications Holdings in a research note on Saturday, April 29th.

News coverage about Consolidated Communications Holdings (NASDAQ:CNSL) has been trending somewhat positive on Friday, Accern Sentiment Analysis reports.

On November 3 the company was upgraded from "Hold" to "Buy" and a price target of $26.00 was set in an announcement from Drexel Hamilton. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, one has assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The stock has a consensus rating of "Hold" and a consensus price target of $24.67.

Trading volume for Consolidated Communications Hol was 3,170K on Friday. Virtu Financial LLC augmented its position by buying 3,043 shares an increase of 26.1%. The company has a market capitalization of $13.40 billion, a P/E ratio of 20.99 and a beta of 1.14. Consolidated Communications Holdings has a 12-month low of $17.75 and a 12-month high of $30.23. The company has a 50 day moving average of $166.31 and a 200-day moving average of $163.43.

Consolidated Communications Holdings (NASDAQ:CNSL) last released its quarterly earnings results on Thursday, May 4th. The aerospace company reported $2.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.26. Consolidated Communications Holdings had a net margin of 0.48% and a return on equity of 14.49%. The business had revenue of $169.90 million for the quarter, compared to analysts' expectations of $171.22 million. Equities analysts forecast that L-3 Communications Holdings, Inc. will post $8.74 earnings per share for the current year. The company's revenue was down 10.0% on a year-over-year basis. Analysts expect next quarter's EPS will be $0.11 with next year's EPS anticipated to be $0.48.

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Catawba Capital Management VA lowered its position in L-3 Communications Holdings, Inc. This dividend represents a yield of $8.41. The ex-dividend date of this dividend is Wednesday, July 12th. The legal version of this piece of content can be accessed at

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. IFP Advisors Inc now owns 11,475 shares of the utilities provider's stock valued at $269,000 after buying an additional 1,270 shares in the last quarter.

L-3 Communications Holdings declared that its Board of Directors has authorized a share repurchase program on Tuesday, May 9th that allows the company to repurchase $1.50 billion in outstanding shares. Meeder Asset Management Inc owns 361 shares valued at $8,000. Louisiana State Employees Retirement System increased its position in shares of Consolidated Communications Holdings by 1.0% in the first quarter. Louisiana State Employees Retirement System now owns 20,600 shares of the utilities provider's stock valued at $482,000 after buying an additional 200 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of L-3 Communications Holdings during the fourth quarter valued at about $104,868,000.

Consolidated Communications Holdings, Inc is a holding company with operating subsidiaries that provide integrated communications services in consumer, commercial and carrier channels in California, Illinois, Iowa, Kansas, Minnesota, Missouri, North Dakota, Pennsylvania, South Dakota, Texas and Wisconsin.

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