Consolidated Communications Holdings Reaches New 52-Week High at $24.28 (CNSL)
Consolidated Communications Holdings (NASDAQ:CNSL)’s share price reached a new 52-week high during trading on Thursday , American Banking & Market News reports. The company traded as high as $24.28 and last traded at $24.18, with a volume of 123,754 shares. The stock had previously closed at $24.11.
Several analysts have recently commented on the stock. 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 research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $21.22.
The stock’s 50-day moving average is $22.73 and its 200-day moving average is $20.76. The company has a market cap of $971.8 million and a P/E ratio of 29.58.
Consolidated Communications Holdings (NASDAQ:CNSL) last posted its quarterly 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 last year, the company posted $0.27 earnings per share. Consolidated Communications Holdings’s revenue was down .2% compared to the same quarter last year. On average, analysts predict that Consolidated Communications Holdings will post $0.96 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 6.42%. 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.
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