Consolidated Communications Holdings Inc. (NASDAQ:CNSL) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

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 company also offers telephone directory publishing services, wholesale transport services, billing and collection services, inside wiring services, and maintenance services. Consolidated Communications Holdings, Inc. is headquartered in Mattoon, Illinois. “

Several other research analysts have also recently weighed in on the company. Jefferies Group reaffirmed a “hold” rating on shares of Consolidated Communications Holdings in a research report on Thursday, August 4th. Drexel Hamilton raised Consolidated Communications Holdings from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Thursday, November 3rd. They noted that the move was a valuation call. Raymond James Financial Inc. cut 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. Citigroup Inc. upped their price objective on Consolidated Communications Holdings from $17.00 to $19.00 and gave the stock a “sell” rating in a research report on Friday, August 5th. Finally, Cowen and Company started coverage on Consolidated Communications Holdings in a research report on Monday, October 17th. They set a “market perform” rating and a $23.00 price objective for the company. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $23.17.

Analyst Recommendations for Consolidated Communications Holdings (NASDAQ:CNSL)

Shares of Consolidated Communications Holdings (NASDAQ:CNSL) opened at 25.26 on Wednesday. The firm has a 50-day moving average price of $24.48 and a 200-day moving average price of $25.21. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 85.05 and a beta of 1.20. 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 posted its earnings results on Thursday, November 3rd. The company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.16. Consolidated Communications Holdings had a return on equity of 14.50% and a net margin of 2.60%. The firm earned $191.50 million during the quarter, compared to analysts’ expectations of $188.81 million. During the same period in the previous year, the firm earned $0.18 earnings per share. The company’s revenue was down 1.3% on a year-over-year basis. Equities research analysts anticipate that Consolidated Communications Holdings will post $0.69 EPS for the current year.

A number of hedge funds have recently added to or reduced their stakes in the company. Teachers Advisors Inc. raised its stake in Consolidated Communications Holdings by 3.1% in the first quarter. Teachers Advisors Inc. now owns 81,057 shares of the company’s stock valued at $2,088,000 after buying an additional 2,425 shares during the last quarter. Prudential Financial Inc. raised its stake in Consolidated Communications Holdings by 3.2% in the first quarter. Prudential Financial Inc. now owns 121,039 shares of the company’s stock valued at $3,118,000 after buying an additional 3,700 shares in the last quarter. BlackRock Group LTD raised its stake in Consolidated Communications Holdings by 6.0% in the first quarter. BlackRock Group LTD now owns 86,313 shares of the company’s stock valued at $2,223,000 after buying an additional 4,872 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Consolidated Communications Holdings by 1.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,290,756 shares of the company’s stock valued at $33,250,000 after buying an additional 18,405 shares in the last quarter. Finally, M&T Bank Corp acquired a new stake in Consolidated Communications Holdings during the first quarter valued at about $248,000. Institutional investors and hedge funds own 62.12% of the company’s stock.

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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