Insider Selling: Steven Shirar Sells 3,862 Shares of Consolidated Communications Holdings Stock (CNSL)
Consolidated Communications Holdings (NASDAQ:CNSL) SVP Steven Shirar unloaded 3,862 shares of Consolidated Communications Holdings stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $18.03, for a total value of $69,631.86. Following the transaction, the senior vice president now directly owns 102,251 shares of the company’s stock, valued at approximately $1,843,586. The sale was disclosed in a filing with the SEC, which is available at this link.
Separately, analysts at Zacks downgraded shares of Consolidated Communications Holdings from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, August 1st. They now have a $20.10 price target on the stock.
Consolidated Communications Holdings (NASDAQ:CNSL) traded up 0.28% on Thursday, hitting $17.76. The stock had a trading volume of 227,348 shares. Consolidated Communications Holdings has a 52 week low of $12.97 and a 52 week high of $19.10. The stock has a 50-day moving average of $17.20 and a 200-day moving average of $17.50. The company has a market cap of $712.4 million and a P/E ratio of 42.27.
Consolidated Communications Holdings (NASDAQ:CNSL) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.27 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.19 by $0.08. The company had revenue of $151.30 million for the quarter, compared to the consensus estimate of $153.37 million. During the same quarter last year, the company posted $0.18 earnings per share. Consolidated Communications Holdings’s revenue was up 74.9% compared to the same quarter last year. Analysts expect that Consolidated Communications Holdings will post $0.83 EPS for the current fiscal year.
Consolidated Communications Holdings, Inc (NASDAQ:CNSL) is a rural local exchange carrier (RLEC) offering a range of telecommunications services to residential and business customers in Illinois, Texas and Pennsylvania.
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