Consolidated Communications Holdings Inc. (CNSL) Receives Average Recommendation of “Hold” from Analysts
Consolidated Communications Holdings Inc. (NASDAQ:CNSL) has been given a consensus recommendation of “Hold” by the eight analysts that are currently covering the firm. Four investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $22.50.
CNSL has been the topic of a number of analyst reports. Stephens cut Consolidated Communications Holdings from an “equal weight” rating to an “underweight” rating in a research note on Thursday, October 20th. Raymond James Financial Inc. lowered Consolidated Communications Holdings from a “market perform” rating to an “underperform” rating in a report on Friday, August 5th. They noted that the move was a valuation call. Zacks Investment Research lowered Consolidated Communications Holdings from a “buy” rating to a “hold” rating in a report on Monday, October 10th. Cowen and Company initiated coverage on Consolidated Communications Holdings in a report on Monday, October 17th. They set a “market perform” rating and a $23.00 price objective on the stock. Finally, Jefferies Group reaffirmed a “hold” rating on shares of Consolidated Communications Holdings in a report on Thursday, August 4th.
Several institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio raised 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 in the last quarter. Advisor Group Inc. bought a new position in Consolidated Communications Holdings during the second quarter worth about $124,000. PineBridge Investments L.P. raised 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 in the last quarter. Teacher Retirement System of Texas raised its position in Consolidated Communications Holdings by 13.6% in the second quarter. Teacher Retirement System of Texas now owns 7,132 shares of the company’s stock worth $194,000 after buying an additional 855 shares in the last quarter. Finally, BlackRock Inc. raised its position in Consolidated Communications Holdings by 6.5% in the third quarter. BlackRock Inc. now owns 7,982 shares of the company’s stock worth $201,000 after buying an additional 490 shares in the last quarter. 61.59% of the stock is currently owned by hedge funds and other institutional investors.
Consolidated Communications Holdings (NASDAQ:CNSL) traded up 1.599% during trading on Thursday, reaching $27.706. The company had a trading volume of 83,144 shares. The stock has a market capitalization of $1403.45 billion, a price-to-earnings ratio of 72.911 and a beta of 1.20. Consolidated Communications Holdings has a 1-year low of $17.76 and a 1-year high of $28.78. The firm has a 50-day moving average of $24.62 and a 200-day moving average of $25.31.
Consolidated Communications Holdings (NASDAQ:CNSL) last posted its quarterly earnings results on Thursday, November 3rd. The company reported $0.16 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.16. Consolidated Communications Holdings had a return on equity of 14.50% and a net margin of 2.60%. The company had revenue of $191.50 million for the quarter, compared to analysts’ expectations of $188.81 million. During the same period last year, the firm earned $0.18 earnings per share. Consolidated Communications Holdings’s quarterly revenue was down 1.3% on a year-over-year basis. On average, analysts anticipate that Consolidated Communications Holdings will post $0.69 EPS for the current fiscal year.
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.
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