Consolidated Communications Holdings Inc (CNSL) Receives $13.67 Average PT from Analysts

Consolidated Communications Holdings Inc (NASDAQ:CNSL) has earned a consensus rating of “Buy” from the seven analysts that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $13.67.

CNSL has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded shares of Consolidated Communications from a “hold” rating to a “sell” rating in a report on Monday, September 3rd. BidaskClub upgraded shares of Consolidated Communications from a “buy” rating to a “strong-buy” rating in a report on Friday, October 19th. Finally, ValuEngine upgraded shares of Consolidated Communications from a “hold” rating to a “buy” rating in a report on Thursday, November 1st.

Institutional investors have recently bought and sold shares of the stock. Amalgamated Bank acquired a new stake in Consolidated Communications in the 2nd quarter valued at approximately $126,000. Macquarie Group Ltd. increased its holdings in Consolidated Communications by 85.5% in the 2nd quarter. Macquarie Group Ltd. now owns 10,200 shares of the utilities provider’s stock valued at $126,000 after purchasing an additional 4,700 shares during the last quarter. S. Muoio & CO. LLC acquired a new stake in Consolidated Communications in the 2nd quarter valued at approximately $135,000. Saba Capital Management L.P. acquired a new stake in Consolidated Communications in the 2nd quarter valued at approximately $144,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Consolidated Communications in the 2nd quarter valued at approximately $170,000. Hedge funds and other institutional investors own 73.83% of the company’s stock.

Shares of NASDAQ CNSL opened at $13.39 on Monday. The company has a market cap of $938.37 million, a PE ratio of 51.50 and a beta of 0.58. The company has a debt-to-equity ratio of 4.71, a current ratio of 0.72 and a quick ratio of 0.72. Consolidated Communications has a 1 year low of $10.31 and a 1 year high of $14.55.

Consolidated Communications (NASDAQ:CNSL) last announced its quarterly earnings results on Thursday, November 1st. The utilities provider reported ($0.09) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.14) by $0.05. The business had revenue of $348.06 million during the quarter, compared to the consensus estimate of $345.10 million. Consolidated Communications had a net margin of 4.46% and a negative return on equity of 4.56%. The business’s quarterly revenue was down 4.2% compared to the same quarter last year. On average, sell-side analysts expect that Consolidated Communications will post -0.41 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, February 1st. Investors of record on Tuesday, January 15th will be issued a $0.387 dividend. The ex-dividend date of this dividend is Monday, January 14th. This represents a $1.55 annualized dividend and a yield of 11.56%. Consolidated Communications’s dividend payout ratio (DPR) is presently 596.15%.

Consolidated Communications Company Profile

Consolidated Communications Holdings, Inc, through its subsidiaries, provides various integrated communications services to business and residential customers in the United States. It offers a range of communication services and products that include local and long-distance, high-speed broadband Internet access, video, voice over Internet protocol, private line, custom calling features, security, cloud, data center, managed and IT, and directory publishing services, as well as engages in equipment sales activities.

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