Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) was downgraded by stock analysts at TheStreet from a “c” rating to a “d+” rating in a research note issued on Thursday.
A number of other equities research analysts have also recently commented on CNSL. Zacks Investment Research upgraded Consolidated Communications Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, April 26th. Citigroup Inc. upgraded Consolidated Communications Holdings from a “sell” rating to a “neutral” rating in a research report on Wednesday, June 7th. UBS AG upgraded Consolidated Communications Holdings to a “strong-buy” rating in a research report on Friday, June 9th. Raymond James Financial, Inc. upgraded Consolidated Communications Holdings from an “outperform” rating to a “strong-buy” rating and set a $26.00 target price on the stock in a research report on Friday, June 9th. Finally, BidaskClub upgraded Consolidated Communications Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $24.50.
Consolidated Communications Holdings (CNSL) opened at 19.63 on Thursday. The stock 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 1-year low of $17.41 and a 1-year high of $30.23. The company 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 released its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.03. Consolidated Communications Holdings had a return on equity of 15.30% and a net margin of 0.09%. The business had revenue of $169.95 million during the quarter, compared to analyst estimates of $169.69 million. During the same quarter last year, the business posted $0.20 EPS. The company’s revenue was down 9.1% on a year-over-year basis. On average, equities research analysts forecast that Consolidated Communications Holdings will post $0.52 EPS for the current year.
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Large investors have recently bought and sold shares of the company. Ameritas Investment Partners Inc. purchased a new stake in Consolidated Communications Holdings during the first quarter valued at about $100,000. SG Americas Securities LLC purchased a new stake in Consolidated Communications Holdings during the second quarter valued at about $127,000. State of Alaska Department of Revenue boosted 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 during the last quarter. Taylor Wealth Management Partners boosted 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 during the last quarter. Finally, Park Avenue Securities LLC purchased a new stake in Consolidated Communications Holdings during the second quarter valued at about $254,000. Institutional investors own 67.14% of the company’s stock.
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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