Consolidated Communications Holdings (CNSL) Earns News Impact Score of 0.06
News coverage about Consolidated Communications Holdings (NASDAQ:CNSL) has been trending somewhat positive on Wednesday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Consolidated Communications Holdings earned a daily sentiment score of 0.06 on Accern’s scale. Accern also assigned news stories about the utilities provider an impact score of 44.9182974034578 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news stories that may have impacted Accern Sentiment’s analysis:
- Consolidated Communications Responds to Hurricane Harvey in its Southeast Texas Service Area – GlobeNewswire (press release) (globenewswire.com)
- Placing the Spotlight on Consolidated Communications Holdings Inc (CNSL): Technical Stock Update – Sparta Review (spartareview.com)
- Unusual Activity Spotted in Consolidated Communications Holdings Inc (CNSL) and Stina Resources Ltd (STNUF) – Evergreen Caller (evergreencaller.com)
- Insider Trading Activity Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) – Director Bought 888 shares of Stock (4-traders.com)
- Insider Buying: Consolidated Communications Holdings, Inc. (CNSL) Director Purchases 888 Shares of Stock (americanbankingnews.com)
Consolidated Communications Holdings (NASDAQ CNSL) traded down 2.04% during midday trading on Wednesday, reaching $18.72. 412,215 shares of the company’s stock traded hands. The firm’s 50-day moving average is $18.78 and its 200-day moving average is $21.60. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 6240.00 and a beta of 0.91. Consolidated Communications Holdings has a 1-year low of $17.41 and a 1-year high of $30.23.
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, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.03. The business had revenue of $169.95 million for the quarter, compared to analyst estimates of $169.69 million. Consolidated Communications Holdings had a net margin of 0.09% and a return on equity of 15.30%. The company’s revenue was down 9.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.20 EPS. Analysts forecast that Consolidated Communications Holdings will post $0.55 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 given a dividend of $0.3874 per share. This represents a $1.55 dividend on an annualized basis and a yield of 8.11%. The ex-dividend date is Thursday, October 12th. Consolidated Communications Holdings’s dividend payout ratio (DPR) is presently 15,500.00%.
Several research firms have issued reports on CNSL. Zacks Investment Research cut shares of Consolidated Communications Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, May 30th. BidaskClub cut shares of Consolidated Communications Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd. Raymond James Financial, Inc. raised shares of Consolidated Communications Holdings from an “outperform” rating to a “strong-buy” rating and set a $26.00 price objective for the company in a research report on Friday, June 9th. ValuEngine raised shares of Consolidated Communications Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th. Finally, Cowen and Company reissued a “hold” rating and issued a $22.00 price objective on shares of Consolidated Communications Holdings in a research report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $25.60.
In other Consolidated Communications Holdings news, Director Timothy D. Taron bought 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The stock was purchased at an average price of $19.10 per share, with a total value of $47,750.00. Following the transaction, the director now owns 3,159 shares in the company, valued at $60,336.90. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Richard Anthony Lumpkin bought 5,300 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The shares were acquired at an average cost of $19.17 per share, with a total value of $101,601.00. Following the transaction, the director now owns 12,667 shares in the company, valued at approximately $242,826.39. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 16,688 shares of company stock valued at $319,014. Corporate insiders own 3.00% of the company’s stock.
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.
Receive News & Stock Ratings for Consolidated Communications Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Consolidated Communications Holdings Inc. and related stocks with our FREE daily email newsletter.