Consolidated Communications Holdings (CNSL) Receiving Somewhat Favorable Media Coverage, Analysis Shows
Media stories about Consolidated Communications Holdings (NASDAQ:CNSL) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Consolidated Communications Holdings earned a news sentiment score of 0.10 on Accern’s scale. Accern also assigned news stories about the utilities provider an impact score of 44.7877635507494 out of 100, indicating 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 media headlines that may have effected Accern Sentiment’s analysis:
- Choosing Between CenturyLink, Inc. (CTL) and Consolidated Communications Holdings, Inc. (CNSL) – StockNewsGazette (stocknewsgazette.com)
- Consolidated Communications Holdings, Inc. (CNSL) Director Acquires $36,360.00 in Stock (americanbankingnews.com)
- Cornerstone OnDemand, Inc. (CSOD) registers a price change of 1.00% while Consolidated Communications Holdings … – Stocks Gallery (stocksgallery.com)
- Consolidated Communications Holdings, Inc. (CNSL) Cut to “Sell” at ValuEngine (americanbankingnews.com)
- Consolidated Communications Hol (NASDAQ:CNSL) Trading Up – Short Interest Up 12.79% (highlightpress.com)
A number of equities research analysts recently weighed in on the stock. UBS AG raised shares of Consolidated Communications Holdings to a “strong-buy” rating in a report on Friday, June 9th. TheStreet lowered shares of Consolidated Communications Holdings from a “c” rating to a “d+” rating in a report on Thursday, August 3rd. BidaskClub raised shares of Consolidated Communications Holdings from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. ValuEngine lowered shares of Consolidated Communications Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, September 6th. Finally, Citigroup Inc. raised shares of Consolidated Communications Holdings from a “sell” rating to a “neutral” rating in a report on Wednesday, June 7th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and two have given a strong buy rating to the company. Consolidated Communications Holdings has a consensus rating of “Hold” and a consensus target price of $25.60.
Consolidated Communications Holdings (NASDAQ CNSL) traded down 2.13% on Monday, reaching $17.50. 537,892 shares of the company’s stock were exchanged. Consolidated Communications Holdings has a 12 month low of $17.21 and a 12 month high of $30.23. The stock has a market capitalization of $1.24 billion, a PE ratio of 5833.33 and a beta of 0.91. The firm has a 50 day moving average of $18.72 and a 200 day moving average of $21.06.
Consolidated Communications Holdings (NASDAQ:CNSL) last announced its earnings results on Thursday, August 3rd. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 for the quarter, compared to analyst estimates of $169.69 million. During the same quarter in the previous year, the firm posted $0.20 earnings per share. Consolidated Communications Holdings’s revenue was down 9.1% compared to the same quarter last year. Equities analysts predict that Consolidated Communications Holdings will post $0.55 earnings per share for the current fiscal year.
The business 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 8.67%. The ex-dividend date of this dividend is Thursday, October 12th. Consolidated Communications Holdings’s dividend payout ratio (DPR) is currently 15,500.00%.
In related news, Director Timothy D. Taron bought 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The shares were acquired at an average price of $19.10 per share, with a total value of $47,750.00. Following the completion of the transaction, the director now owns 3,159 shares of the company’s stock, valued at approximately $60,336.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert J. Currey bought 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 6th. The shares were bought at an average cost of $18.18 per share, for a total transaction of $36,360.00. Following the transaction, the director now directly owns 45,995 shares of the company’s stock, valued at approximately $836,189.10. The disclosure for this purchase can be found here. Insiders have purchased 18,688 shares of company stock worth $355,374 in the last ninety days. 3.00% of the stock is currently owned by insiders.
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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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