Cowen and Company started coverage on shares of Consolidated Communications Holdings Inc. (NASDAQ:CNSL) in a research note issued on Monday. The firm set a “market perform” rating and a $23.00 price target on the stock. Cowen and Company’s price target suggests a potential downside of 6.73% from the stock’s current price.

A number of other research firms also recently commented on CNSL. Zacks Investment Research raised shares of Consolidated Communications Holdings from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research report on Tuesday, August 9th. Drexel Hamilton downgraded shares of Consolidated Communications Holdings from a “buy” rating to a “hold” rating and set a $26.00 target price for the company. in a research report on Monday, June 27th. They noted that the move was a valuation call. Raymond James Financial Inc. downgraded 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. Jefferies Group reaffirmed a “hold” rating on shares of Consolidated Communications Holdings in a research report on Thursday, August 4th. Finally, Citigroup Inc. lifted their target price on shares of Consolidated Communications Holdings from $17.00 to $19.00 and gave the stock a “sell” rating in a research report on Friday, August 5th. Three equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $23.33.

Analyst Recommendations for Consolidated Communications Holdings (NASDAQ:CNSL)

Consolidated Communications Holdings (NASDAQ:CNSL) opened at 24.66 on Monday. The stock has a 50 day moving average price of $24.57 and a 200 day moving average price of $25.25. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of 83.03 and a beta of 1.09. Consolidated Communications Holdings has a 12-month low of $17.76 and a 12-month high of $28.78.

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

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

Several large investors have recently modified their holdings of the stock. Hanson McClain Inc. increased its stake in shares of 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 during the last quarter. Public Employees Retirement System of Ohio boosted its position 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 during the period. Louisiana State Employees Retirement System boosted its position 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 during the period. Profund Advisors LLC boosted its position 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 during the period. Finally, PineBridge Investments L.P. boosted its position 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 during the period. 62.06% of the stock is owned by hedge funds and other institutional investors.

About Consolidated Communications Holdings

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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