Share on StockTwits

Consolidated Communications Holdings (NASDAQ:CNSL)’s share price hit a new 52-week high during mid-day trading on Tuesday , ARN reports. The company traded as high as $23.54 and last traded at $23.40, with a volume of 441,657 shares. The stock had previously closed at $22.61.

A number of research firms have recently commented on CNSL. Analysts at Zacks upgraded shares of Consolidated Communications Holdings from a “neutral” rating to an “outperform” rating in a research note on Wednesday, August 6th. They now have a $24.30 price target on the stock. Separately, analysts at Raymond James reiterated an “outperform” rating on shares of Consolidated Communications Holdings in a research note on Friday, August 1st. They now have a $23.00 price target on the stock, up previously from $21.00. Finally, analysts at Citigroup Inc. reiterated a “sell” rating on shares of Consolidated Communications Holdings in a research note on Wednesday, July 30th. They now have a $17.00 price target on the stock, up previously from $15.00. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. Consolidated Communications Holdings has a consensus rating of “Hold” and a consensus target price of $21.22.

The stock’s 50-day moving average is $22.10 and its 200-day moving average is $20.33. The company has a market cap of $948.0 million and a P/E ratio of 27.74.

Consolidated Communications Holdings (NASDAQ:CNSL) last announced its earnings results on Thursday, July 31st. The company reported $0.24 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.22 by $0.02. The company had revenue of $151.00 million for the quarter, compared to the consensus estimate of $150.82 million. During the same quarter in the prior year, the company posted $0.27 earnings per share. The company’s quarterly revenue was down .2% on a year-over-year basis. On average, analysts predict that Consolidated Communications Holdings will post $0.92 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Saturday, November 1st. Shareholders of record on Wednesday, October 15th will be paid a dividend of $0.3874 per share. This represents a $1.55 annualized dividend and a dividend yield of 6.85%. The ex-dividend date is Friday, October 10th.

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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.