Stock of the Day: Is Consolidated Communications Holdings Inc a Buy? The Stock Reaches 52-Week High Today

Stock of the Day: Is Consolidated Communications Holdings Inc a Buy? The Stock Reaches 52 Week High Today

The stock of Consolidated Communications Holdings Inc (NASDAQ:CNSL) hit a new 52-week high and has $30.83 target or 3.00% above today’s $29.93 share price. The 8 months bullish chart indicates low risk for the $1.53 billion company. The 1-year high was reported on Nov, 29 by Barchart.com. If the $30.83 price target is reached, the company will be worth $45.90M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 148,260 shares traded hands. Consolidated Communications Holdings Inc (NASDAQ:CNSL) has risen 24.76% since April 26, 2016 and is uptrending. It has outperformed by 19.50% the S&P500.

Analysts await Consolidated Communications Holdings Inc (NASDAQ:CNSL) to report earnings on February, 23. They expect $0.17 earnings per share, up 13.33% or $0.02 from last year’s $0.15 per share. CNSL’s profit will be $8.69M for 44.01 P/E if the $0.17 EPS becomes a reality. After $0.15 actual earnings per share reported by Consolidated Communications Holdings Inc for the previous quarter, Wall Street now forecasts 13.33% EPS growth.

Consolidated Communications Holdings Inc (NASDAQ:CNSL) Ratings Coverage

Out of 6 analysts covering Consolidated Communications Holdings (NASDAQ:CNSL), 0 rate it a “Buy”, 4 “Sell”, while 2 “Hold”. This means 0 are positive. Consolidated Communications Holdings has been the topic of 7 analyst reports since September 10, 2015 according to StockzIntelligence Inc. The rating was maintained by Jefferies with “Hold” on Thursday, September 10. Jefferies maintained it with “Hold” rating and $22 target price in Friday, May 13 report. On Monday, June 27 the stock rating was downgraded by Drexel Hamilton to “Hold”. Stephens downgraded Consolidated Communications Holdings Inc (NASDAQ:CNSL) on Thursday, October 20 to “Underweight” rating. The stock of Consolidated Communications Holdings Inc (NASDAQ:CNSL) earned “Underperform” rating by Raymond James on Friday, August 5. The stock of Consolidated Communications Holdings Inc (NASDAQ:CNSL) has “Underperform” rating given on Monday, April 4 by DA Davidson. The firm has “Sell” rating given on Friday, August 5 by Citigroup.

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 increased to 1.31 in Q2 2016. Its up 0.17, from 1.14 in 2016Q1. The ratio is positive, 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.
Hightower Advsr Lc has 0% invested in the company for 7,731 shares. Principal Fincl Grp has invested 0.02% of its portfolio in Consolidated Communications Holdings Inc (NASDAQ:CNSL). Nj State Employees Deferred Compensation Plan, a New Jersey-based fund reported 35,000 shares. Panagora Asset Mngmt Inc has invested 0% of its portfolio in Consolidated Communications Holdings Inc (NASDAQ:CNSL). Ent Fin Corp has 0.03% invested in the company for 1,611 shares. Legal & General Group Inc Public Limited Com accumulated 12,449 shares or 0% of the stock. Aperio Limited Liability Co holds 33,884 shares or 0.01% of its portfolio. Kornitzer Management Inc Ks has 0.01% invested in the company for 28,675 shares. Hutchin Hill Limited Partnership owns 17,549 shares or 0.02% of their US portfolio. National Bank Of Montreal Can has invested 0% of its portfolio in Consolidated Communications Holdings Inc (NASDAQ:CNSL). Raymond James & Assocs last reported 54,930 shares in the company. Ubs Asset Mngmt Americas last reported 18,800 shares in the company. Edge Asset Mngmt last reported 493,087 shares in the company. Comerica Commercial Bank owns 52,676 shares or 0.01% of their US portfolio. Amer International Group Inc Inc accumulated 37,140 shares or 0% of the stock.

Insider Transactions: Since July 11, 2016, the stock had 1 insider purchase, and 1 insider sale for $258,000 net activity. Childers Steven L sold 10,000 shares worth $282,000. The insider Parker Dale E bought $24,000.

More recent Consolidated Communications Holdings Inc (NASDAQ:CNSL) news were published by: Forbes.com which released: “Consolidated Communications Holdings (CNSL) Passes Through 6% Yield Mark” on November 15, 2016. Also Globenewswire.com published the news titled: “Consolidated Communications to Acquire Illinois-based Champaign Telephone Company” on April 18, 2016. Seekingalpha.com‘s news article titled: “Consolidated Communications: Just Buy A Junk Bond Instead” with publication date: August 30, 2016 was also an interesting one.

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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