Shares of Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) have received a consensus rating of “Hold” from the twelve ratings firms that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, two have assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $24.00.

Several research analysts recently weighed in on the company. UBS AG raised Consolidated Communications Holdings to a “strong-buy” rating in a research report on Friday, June 9th. TheStreet lowered Consolidated Communications Holdings from a “c” rating to a “d+” rating in a research report on Thursday, August 3rd. BidaskClub raised Consolidated Communications Holdings from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Citigroup Inc. raised Consolidated Communications Holdings from a “sell” rating to a “neutral” rating in a research report on Wednesday, June 7th. Finally, Cowen and Company reissued a “hold” rating and set a $22.00 price target on shares of Consolidated Communications Holdings in a research report on Friday, July 28th.

In other Consolidated Communications Holdings news, Director Robert J. Currey bought 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The stock was purchased at an average price of $19.33 per share, for a total transaction of $96,650.00. Following the purchase, the director now directly owns 48,495 shares in the company, valued at $937,408.35. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Timothy D. Taron bought 2,500 shares of the firm’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 purchase, the director now owns 3,159 shares in the company, valued at $60,336.90. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 26,688 shares of company stock valued at $495,724. 3.00% of the stock is owned by corporate insiders.

A number of large investors have recently made changes to their positions in CNSL. Karp Capital Management Corp bought a new stake in shares of Consolidated Communications Holdings in the 1st quarter worth approximately $897,000. Vanguard Group Inc. lifted its position in shares of Consolidated Communications Holdings by 7.3% in the 1st quarter. Vanguard Group Inc. now owns 5,607,472 shares of the utilities provider’s stock worth $131,326,000 after acquiring an additional 380,770 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Consolidated Communications Holdings by 1.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,941,090 shares of the utilities provider’s stock worth $45,461,000 after acquiring an additional 32,584 shares during the period. North Star Investment Management Corp. lifted its position in shares of Consolidated Communications Holdings by 19.0% in the 2nd quarter. North Star Investment Management Corp. now owns 123,806 shares of the utilities provider’s stock worth $2,658,000 after acquiring an additional 19,785 shares during the period. Finally, Arizona State Retirement System lifted its position in shares of Consolidated Communications Holdings by 1.2% in the 1st quarter. Arizona State Retirement System now owns 26,362 shares of the utilities provider’s stock worth $617,000 after acquiring an additional 300 shares during the period. Hedge funds and other institutional investors own 67.72% of the company’s stock.

Consolidated Communications Holdings (CNSL) traded up 1.99% during mid-day trading on Wednesday, reaching $18.97. The company had a trading volume of 426,024 shares. The stock’s 50-day moving average is $18.65 and its 200 day moving average is $20.80. Consolidated Communications Holdings has a 12 month low of $17.21 and a 12 month high of $30.23. The firm has a market capitalization of $1.34 billion, a P/E ratio of 6323.33 and a beta of 0.91.

Consolidated Communications Holdings (NASDAQ:CNSL) last posted its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.03. The firm had revenue of $169.95 million for the quarter, compared to analyst estimates of $169.69 million. Consolidated Communications Holdings had a return on equity of 15.30% and a net margin of 0.09%. Consolidated Communications Holdings’s quarterly revenue was down 9.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.20 earnings per share. On average, analysts predict that Consolidated Communications Holdings will post $0.55 earnings per share for the current fiscal 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. The ex-dividend date is Thursday, October 12th. This represents a $1.55 annualized dividend and a yield of 8.17%. Consolidated Communications Holdings’s payout ratio is 15,500.00%.

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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.

Analyst Recommendations for Consolidated Communications Holdings (NASDAQ:CNSL)

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