Consolidated Communications Holdings (CNSL) Earning Somewhat Positive Press Coverage, Study Finds
Media stories about Consolidated Communications Holdings (NASDAQ:CNSL) have been trending somewhat positive on Friday, Accern reports. The research firm identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Consolidated Communications Holdings earned a coverage optimism score of 0.04 on Accern’s scale. Accern also assigned news stories about the utilities provider an impact score of 45.2873771275507 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the media headlines that may have effected Accern Sentiment’s rankings:
- Consolidated Communications Holdings, Inc. (CNSL) CFO Acquires $13,400.00 in Stock (americanbankingnews.com)
- Mid-Day Market Update: YY Climbs After Strong Q3 Results; SandRidge Energy Shares Plummet (fxstreet.com)
- Consolidated Communications Holdings, Inc. :CNSL-US: Earnings Analysis: Q3, 2017 By the Numbers : November 15, 2017 (finance.yahoo.com)
- ETFs with exposure to Consolidated Communications Holdings, Inc. : November 16, 2017 (finance.yahoo.com)
- Insider Buying: Consolidated Communications Holdings, Inc. (CNSL) Director Buys 5,000 Shares of Stock (americanbankingnews.com)
Shares of Consolidated Communications Holdings (CNSL) traded down $0.23 on Friday, hitting $13.47. The company’s stock had a trading volume of 715,500 shares, compared to its average volume of 557,850. Consolidated Communications Holdings has a one year low of $13.04 and a one year high of $30.23. The firm has a market cap of $955.58, a price-to-earnings ratio of 39.14, a price-to-earnings-growth ratio of 24.68 and a beta of 0.86. The company has a debt-to-equity ratio of 4.61, a quick ratio of 0.88 and a current ratio of 0.88.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Monday, January 15th will be given a $0.387 dividend. This represents a $1.55 dividend on an annualized basis and a dividend yield of 11.49%. The ex-dividend date of this dividend is Thursday, January 11th. Consolidated Communications Holdings’s payout ratio is -287.04%.
A number of research firms have weighed in on CNSL. TheStreet cut Consolidated Communications Holdings from a “c” rating to a “d+” rating in a report on Thursday, August 3rd. BidaskClub upgraded Consolidated Communications Holdings from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Zacks Investment Research cut Consolidated Communications Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. Cowen and Company restated a “hold” rating and issued a $22.00 price target on shares of Consolidated Communications Holdings in a report on Friday, July 28th. Finally, ValuEngine upgraded Consolidated Communications Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and two have given a strong buy rating to the stock. Consolidated Communications Holdings presently has an average rating of “Hold” and a consensus target price of $22.00.
In other news, Director Wayne Wilson purchased 2,000 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The shares were acquired at an average cost of $17.75 per share, with a total value of $35,500.00. Following the transaction, the director now owns 46,211 shares in the company, valued at approximately $820,245.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robert J. Currey purchased 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The shares were purchased at an average cost of $13.43 per share, for a total transaction of $67,150.00. Following the completion of the transaction, the director now owns 45,995 shares in the company, valued at approximately $617,712.85. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 26,938 shares of company stock worth $420,821. 3.00% of the stock is currently owned by corporate insiders.
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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