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Research analysts at Davidson upped their price objective on shares of Consolidated Communications Holdings (NASDAQ:CNSL) from $18.00 to $19.00 in a report released on Friday, Stock Ratings reports. The firm currently has a “neutral” rating on the stock. Davidson’s price objective suggests a potential downside of 4.52% from the stock’s previous close.

Shares of Consolidated Communications Holdings (NASDAQ:CNSL) opened at 19.90 on Friday. Consolidated Communications Holdings has a 52-week low of $16.31 and a 52-week high of $20.45. The stock has a 50-day moving average of $19.73 and a 200-day moving average of $19.29. The company has a market cap of $797.3 million and a price-to-earnings ratio of 25.69.

Consolidated Communications Holdings (NASDAQ:CNSL) last released its earnings data on Thursday, May 1st. The company reported $0.25 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.21 by $0.04. The company had revenue of $149.60 million for the quarter, compared to the consensus estimate of $149.02 million. During the same quarter last year, the company posted $0.17 earnings per share. Consolidated Communications Holdings’s revenue was down 1.3% compared to the same quarter last year. Analysts expect that Consolidated Communications Holdings will post $0.92 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Friday, August 1st. Shareholders of record on Tuesday, July 15th will be given a dividend of $0.3874 per share. This represents a $1.55 dividend on an annualized basis and a yield of 7.79%. The ex-dividend date of this dividend is Friday, July 11th.

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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