Communications Sales & Leasing Inc. (NASDAQ:CSAL) issued its quarterly earnings results on Monday. The company reported $0.61 EPS for the quarter, missing the consensus estimate of $0.62 by $0.01. Communications Sales & Leasing had a negative return on equity of 1.89% and a net margin of 3.25%. The business earned $200.20 million during the quarter, compared to the consensus estimate of $198.62 million. The company’s revenue was up 15.3% compared to the same quarter last year. Communications Sales & Leasing updated its FY16 guidance to $2.48-2.50 EPS.

Shares of Communications Sales & Leasing (NASDAQ:CSAL) opened at 25.59 on Monday. The firm has a 50-day moving average price of $29.27 and a 200-day moving average price of $28.52. The company has a market capitalization of $3.94 billion, a PE ratio of 131.23 and a beta of 1.35. Communications Sales & Leasing has a 12 month low of $15.13 and a 12 month high of $32.73.

Earnings History for Communications Sales & Leasing (NASDAQ:CSAL)

Institutional investors have recently made changes to their positions in the stock. Sei Investments Co. boosted its position in shares of Communications Sales & Leasing by 38.2% in the second quarter. Sei Investments Co. now owns 4,857 shares of the company’s stock valued at $141,000 after buying an additional 1,343 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Communications Sales & Leasing by 86.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,245 shares of the company’s stock valued at $165,000 after buying an additional 2,439 shares during the last quarter. Advisor Group Inc. acquired a new position in shares of Communications Sales & Leasing during the second quarter valued at about $248,000. Cubist Systematic Strategies LLC raised its position in shares of Communications Sales & Leasing by 171.4% in the second quarter. Cubist Systematic Strategies LLC now owns 11,646 shares of the company’s stock valued at $337,000 after buying an additional 7,355 shares during the last quarter. Finally, Pacer Advisors Inc. acquired a new position in shares of Communications Sales & Leasing during the second quarter valued at about $403,000. 59.13% of the stock is owned by hedge funds and other institutional investors.

CSAL has been the topic of a number of analyst reports. JPMorgan Chase & Co. began coverage on Communications Sales & Leasing in a research note on Monday, September 26th. They issued an “overweight” rating for the company. Morgan Stanley restated an “overweight” rating on shares of Communications Sales & Leasing in a report on Sunday, July 24th. Zacks Investment Research upgraded Communications Sales & Leasing from a “strong sell” rating to a “buy” rating and set a $33.00 target price for the company in a report on Tuesday, October 11th. Cowen and Company assumed coverage on Communications Sales & Leasing in a report on Thursday, October 13th. They issued an “outperform” rating and a $34.00 target price for the company. Finally, Raymond James Financial Inc. upgraded Communications Sales & Leasing from an “outperform” rating to a “strong-buy” rating and set a $35.00 target price for the company in a report on Wednesday, November 2nd. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Communications Sales & Leasing presently has an average rating of “Buy” and an average price target of $32.80.

About Communications Sales & Leasing

Communications Sales & Leasing, Inc (CS&L) is an internally managed real estate investment trust (REIT) engaged in the acquisition and construction of a range of infrastructure in the communications industry. The Company is focused on acquiring and constructing fiber optic broadband networks, wireless communications towers, copper and coaxial broadband networks and data centers.

5 Day Chart for NASDAQ:CSAL

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