Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) has been given a consensus recommendation of “Hold” by the twelve ratings firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, one has assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $24.00.

A number of research analysts have issued reports on CNSL shares. BidaskClub raised shares of Consolidated Communications Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. Zacks Investment Research raised shares of Consolidated Communications Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, April 26th. ValuEngine raised shares of Consolidated Communications Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. Cowen and Company reissued a “hold” rating and set a $22.00 target price on shares of Consolidated Communications Holdings in a research note on Friday, July 28th. Finally, Raymond James Financial, Inc. raised shares of Consolidated Communications Holdings from an “outperform” rating to a “strong-buy” rating and set a $26.00 target price for the company in a research note on Friday, June 9th.

Shares of Consolidated Communications Holdings (CNSL) traded up 5.48% during midday trading on Friday, hitting $19.63. 789,864 shares of the stock traded hands. The firm has a 50-day moving average price of $19.74 and a 200 day moving average price of $22.42. Consolidated Communications Holdings has a one year low of $17.41 and a one year high of $30.23. The stock has a market cap of $995.89 million, a price-to-earnings ratio of 332.71 and a beta of 0.91.

Consolidated Communications Holdings (NASDAQ:CNSL) last announced its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. Consolidated Communications Holdings had a net margin of 0.09% and a return on equity of 15.30%. The business had revenue of $169.95 million during the quarter, compared to the consensus estimate of $169.69 million. During the same quarter in the prior year, the firm earned $0.20 EPS. The company’s revenue for the quarter was down 9.1% compared to the same quarter last year. Analysts anticipate that Consolidated Communications Holdings will post $0.52 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Sunday, October 15th will be paid a dividend of $0.3874 per share. This represents a $1.55 annualized dividend and a yield of 7.89%. The ex-dividend date of this dividend is Thursday, October 12th. Consolidated Communications Holdings’s dividend payout ratio is presently 15,500.00%.

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Hedge funds have recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. acquired a new stake in Consolidated Communications Holdings during the first quarter valued at approximately $100,000. State of Alaska Department of Revenue raised its stake in Consolidated Communications Holdings by 2.0% in the first quarter. State of Alaska Department of Revenue now owns 5,590 shares of the utilities provider’s stock valued at $130,000 after buying an additional 110 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Consolidated Communications Holdings during the second quarter valued at approximately $127,000. Taylor Wealth Management Partners raised its stake in Consolidated Communications Holdings by 196.3% in the first quarter. Taylor Wealth Management Partners now owns 8,302 shares of the utilities provider’s stock valued at $194,000 after buying an additional 5,500 shares in the last quarter. Finally, Tudor Investment Corp Et Al acquired a new stake in Consolidated Communications Holdings during the fourth quarter valued at approximately $242,000. 67.14% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Consolidated Communications Holdings (NASDAQ:CNSL)

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