Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) Reviewed By Analysts

Paterniano Del Favero
Agosto 5, 2017

Research firm Zacks lifted Consolidated Communications Holdings from a "sell" recommendation to a "hold" recommendation in a analysis note on early Wed, Apr 26th.

UBS Group AG lowered its position in Consolidated Communications Holdings, Inc. Wells Fargo & Company restated an outperform rating on shares of Consolidated Communications Holdings in a report on Wednesday, March 29th. Cowen and Company reissued a "hold" rating and issued a $22.00 price objective on shares of Consolidated Communications Holdings in a report on Friday, July 28th. Vanguard Group Inc. owned about 11.05% of Consolidated Communications Holdings worth $131,326,000 as of its most recent SEC filing. Dimensional Fund Advisors LP now owns 1,941,090 shares of the utilities provider's stock valued at $45,461,000 after buying an additional 32,584 shares in the last quarter. Bank of New York Mellon Corp now owns 1,252,713 shares of the utilities provider's stock valued at $26,897,000 after buying an additional 13,805 shares in the last quarter.

At the moment 6 analysts are watching Consolidated Communications Holdings, Inc. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, one has issued a buy rating and two have issued a strong buy rating to the stock. During the same quarter in the previous year, the business earned $0.20 earnings per share.

Consolidated Communications shares have dropped 31 percent since the beginning of the year. BlackRock Inc. boosted its position in shares of Consolidated Communications Holdings by 97,076.8% in the first quarter.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CNSL. Ameritas Investment Partners purchased a fresh position in Consolidated Communications Holdings during the Q1 assessed at roughly $100,000. SG Americas Securities LLC bought a new position in Consolidated Communications Holdings during the second quarter worth $127,000. The company now has a consensus rating of "Hold" and a consensus target price of $24.50. BidaskClub raised Consolidated Communications Holdings from a "sell" rating to a "hold" rating in a research note on Tuesday, June 13th. Legal & General Group Plc now owns 90,835 shares of the utilities provider's stock valued at $2,130,000 after buying an additional 691 shares during the period. The fund owned 5,607,472 shares of the utilities provider's stock after buying an additional 380,770 shares during the period. Institutional investors and hedge funds own 67.14% of the company's stock. Finally, Citigroup Inc. raised shares of Consolidated Communications Holdings from a "sell" rating to a "neutral" rating in a report on Wednesday, June 7th. Consolidated Communications Holdings, Inc. has a 1-year low of $17.41 and a 1-year high of $30.23.

WARNING: "Consolidated Communications Holdings, Inc".

11/05/2014 - Consolidated Communications Holdings, Inc. was downgraded to " by analysts at Zacks. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.13 by $0.03.

On consensus, experts anticipate that Consolidated Communications Holdings will announce complete year sales of $169.01 M for the present fiscal year, with estimates between $670.90 M to $676.10 M. for the upcoming fiscal year, experts anticipate that the company will announce sales of $664.30 M for a share, with estimates between $656.00 M to $672.60 M. Research Firm Zacks Investment Research's revenue computations are a mean estimate based on a study of brokerage firms that that provide coverage for Consolidated Communications Holdings. (NASDAQ:CNSL) traded up 3.60% on Friday, reaching $19.28. 539,330 shares of the company traded hands. The stock has a 50 day moving average price of $19.74 and a 200-day moving average price of $22.42. The stock has a market capitalization of $983.71 million, a P/E ratio of 328.64 and a beta of 0.91.

04/04/2016 - Consolidated Communications Holdings, Inc. was downgraded to " by analysts at D.A. Davidson. The business's revenue was down 9.1% on a year-over-year basis.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. If you are accessing this news story on another website, it was copied illegally and republished in violation of USA and worldwide trademark and copyright law. Stockholders of record on Sunday, October 15th will be issued a dividend of $0.3874 per share. The ex-dividend date of this dividend is Thursday, October 12th. The original version of this article can be read at https://stocknewstimes.com/2017/08/04/consolidated-communications-holdings-inc-cnsl-announces-earnings-results.html. Consolidated Communications Holdings's yield ratio (DPR) is presently 2,214.29%.

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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