Consolidated Communications Holdings Inc. (NASDAQ:CNSL) has earned an average recommendation of “Hold” from the six analysts that are currently covering the stock. Three analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $22.33.

A number of research firms recently issued reports on CNSL. Zacks Investment Research upgraded shares of Consolidated Communications Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, July 13th. Drexel Hamilton set a $26.00 price target on shares of Consolidated Communications Holdings and gave the company a “hold” rating in a research report on Friday, August 5th. Citigroup Inc. upped their price target on shares of Consolidated Communications Holdings from $17.00 to $19.00 and gave the company a “sell” rating in a research report on Friday, August 5th. Jefferies Group restated a “hold” rating on shares of Consolidated Communications Holdings in a research report on Thursday, August 4th. Finally, Raymond James Financial Inc. cut shares of Consolidated Communications Holdings from a “market perform” rating to an “underperform” rating in a research report on Friday, August 5th. They noted that the move was a valuation call.

Shares of Consolidated Communications Holdings (NASDAQ:CNSL) traded up 0.37% during mid-day trading on Thursday, reaching $24.13. The company had a trading volume of 63,294 shares. The company has a market capitalization of $1.22 billion, a PE ratio of 81.25 and a beta of 1.09. The company’s 50-day moving average price is $24.57 and its 200-day moving average price is $25.29. Consolidated Communications Holdings has a 52-week low of $17.76 and a 52-week high of $28.78.

Consolidated Communications Holdings (NASDAQ:CNSL) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.02. The business earned $186.90 million during the quarter, compared to analysts’ expectations of $193.77 million. Consolidated Communications Holdings had a net margin of 2.01% and a return on equity of 13.91%. The firm’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.24 EPS. On average, analysts forecast that Consolidated Communications Holdings will post $0.70 earnings per share for the current fiscal year.

The company also recently disclosed a dividend, which will be paid on Tuesday, November 1st. Stockholders of record on Friday, October 14th will be paid a $0.387 dividend. The ex-dividend date of this dividend is Wednesday, October 12th. Consolidated Communications Holdings’s dividend payout ratio is currently 534.48%.

Several large investors have recently bought and sold shares of CNSL. Hanson McClain Inc. raised its stake in Consolidated Communications Holdings by 0.3% in the second quarter. Hanson McClain Inc. now owns 12,279 shares of the company’s stock worth $334,000 after buying an additional 36 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in Consolidated Communications Holdings by 1.0% in the second quarter. Public Employees Retirement System of Ohio now owns 4,117 shares of the company’s stock worth $112,000 after buying an additional 39 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in Consolidated Communications Holdings by 0.4% in the second quarter. Louisiana State Employees Retirement System now owns 22,400 shares of the company’s stock worth $610,000 after buying an additional 100 shares in the last quarter. Profund Advisors LLC raised its stake in Consolidated Communications Holdings by 2.1% in the second quarter. Profund Advisors LLC now owns 12,022 shares of the company’s stock worth $327,000 after buying an additional 252 shares in the last quarter. Finally, PineBridge Investments L.P. raised its stake in Consolidated Communications Holdings by 4.2% in the second quarter. PineBridge Investments L.P. now owns 6,424 shares of the company’s stock worth $175,000 after buying an additional 258 shares in the last quarter. 62.08% of the stock is currently owned by institutional investors.

Consolidated Communications Holdings Company Profile

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.

5 Day Chart for NASDAQ:CNSL

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