The stock of Consolidated Communications Holdings Inc (NASDAQ:CNSL) is a huge mover today! The stock decreased 1.87% or $0.48 during the last trading session, hitting $25.24. About 231,526 shares traded hands or 9.73% up from the average. Consolidated Communications Holdings Inc (NASDAQ:CNSL) has risen 7.91% since February 29, 2016 and is uptrending. It has underperformed by 2.52% the S&P500.
The move comes after 9 months negative chart setup for the $1.27 billion company. It was reported on Oct, 1 by Barchart.com. We have $23.47 PT which if reached, will make NASDAQ:CNSL worth $88.90M less.
Analysts await Consolidated Communications Holdings Inc (NASDAQ:CNSL) to report earnings on November, 3. They expect $0.16 earnings per share, down 5.88% or $0.01 from last year’s $0.17 per share. CNSL’s profit will be $8.05M for 39.44 P/E if the $0.16 EPS becomes a reality. After $0.18 actual earnings per share reported by Consolidated Communications Holdings Inc for the previous quarter, Wall Street now forecasts -11.11% negative EPS growth.
Consolidated Communications Holdings Inc (NASDAQ:CNSL) Ratings Coverage
Out of 5 analysts covering Consolidated Communications Holdings (NASDAQ:CNSL), 0 rate it a “Buy”, 3 “Sell”, while 2 “Hold”. This means 0 are positive. Consolidated Communications Holdings has been the topic of 6 analyst reports since September 10, 2015 according to StockzIntelligence Inc. Citigroup maintained it with “Sell” rating and $19 target price in Friday, August 5 report. The stock of Consolidated Communications Holdings Inc (NASDAQ:CNSL) has “Underperform” rating given on Monday, April 4 by DA Davidson. The stock of Consolidated Communications Holdings Inc (NASDAQ:CNSL) earned “Underperform” rating by Raymond James on Friday, August 5. Jefferies maintained Consolidated Communications Holdings Inc (NASDAQ:CNSL) rating on Thursday, September 10. Jefferies has “Hold” rating and $21 price target. Drexel Hamilton downgraded the shares of CNSL in a report on Monday, June 27 to “Hold” rating. As per Friday, May 13, the company rating was maintained by Jefferies.
According to Zacks Investment Research, “Consolidated Communications Holdings, Inc. offers a wide range of telecommunications services including local and long distance telephone, Digital Phone, High-Speed Internet access and Digital TV to individuals and businesses in Illinois, Pennsylvania, and Texas. The company also offers telephone directory publishing services, wholesale transport services, billing and collection services, inside wiring services, and maintenance services. Consolidated Communications Holdings, Inc. is headquartered in Mattoon, Illinois.”
Insitutional Activity: The institutional sentiment decreased to 1.14 in Q2 2016. Its down 0.44, from 1.58 in 2016Q1. The ratio dropped, as 15 funds sold all Consolidated Communications Holdings Inc shares owned while 41 reduced positions. 13 funds bought stakes while 51 increased positions. They now own 31.24 million shares or 1.44% more from 30.80 million shares in 2016Q1.
New York State Teachers Retirement Systems holds 65,011 shares or 0% of its portfolio. Tci Wealth Advsr last reported 51 shares in the company. Swiss Bank has 0% invested in the company for 80,000 shares. Royal National Bank Of Canada owns 4.62 million shares or 0.08% of their US portfolio. Legal And General Gp Public Limited Company last reported 0% of its portfolio in the stock. Panagora Asset Mgmt Inc has 0% invested in the company for 16,586 shares. Blackrock accumulated 0% or 7,492 shares. Teachers Retirement System Of The State Of Kentucky, a Kentucky-based fund reported 17,700 shares. Blackrock Group Inc Ltd has 80,711 shares for 0% of their US portfolio. The Pennsylvania-based Pnc Fincl has invested 0% in Consolidated Communications Holdings Inc (NASDAQ:CNSL). Texas Permanent School Fund accumulated 38,731 shares or 0.01% of the stock. Capstone Asset Mngmt has 0.01% invested in the company for 15,516 shares. Credit Agricole S A has invested 0% of its portfolio in Consolidated Communications Holdings Inc (NASDAQ:CNSL). Moreover, Carroll Fincl Associates Inc has 0% invested in Consolidated Communications Holdings Inc (NASDAQ:CNSL) for 75 shares. Invesco Limited last reported 0.01% of its portfolio in the stock.
Insider Transactions: Since May 12, 2016, the stock had 1 buy, and 2 selling transactions for $515,500 net activity. The insider Childers Steven L sold 10,000 shares worth $282,000. CURREY ROBERT J also sold $257,500 worth of Consolidated Communications Holdings Inc (NASDAQ:CNSL) shares. $24,000 worth of Consolidated Communications Holdings Inc (NASDAQ:CNSL) was bought by Parker Dale E on Friday, September 9.
More notable recent Consolidated Communications Holdings Inc (NASDAQ:CNSL) news were published by: Marketwatch.com which released: “Consolidated Communications Holdings Inc.” on April 21, 2011, also Forbes.com with their article: “Consolidated Communications Holdings Named Top Dividend Stock With Insider …” published on July 13, 2016, Seekingalpha.com published: “Consolidated Communications: Just Buy A Junk Bond Instead” on August 30, 2016. More interesting news about Consolidated Communications Holdings Inc (NASDAQ:CNSL) were released by: Nasdaq.com and their article: “Consolidated Communications Holdings is Oversold” published on August 16, 2016 as well as Finance.Yahoo.com‘s news article titled: “Consolidated Communications to Present at Drexel Hamilton Conference” with publication date: August 31, 2016.
CNSL Company Profile
Consolidated Communications Holdings, Inc., incorporated on March 22, 2002, is a holding firm 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. The Firm operates as both an Incumbent Local Exchange Carrier (ILEC) and a Competitive Local Exchange Carrier (CLEC) dependent upon the territory served. The Firm provides a range of services and products that include local and long-distance service, broadband Internet access, video services, Voice over Internet Protocol (VoIP), private line services, carrier grade access services, network capacity services over its regional fiber optic networks, cloud data services, data center and managed services, directory publishing, equipment sales and cloud data services. The Firm markets services to its residential clients either individually or as a bundled package.
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