Insider Buying: Consolidated Communications Holdings, Inc. (CNSL) Director Buys 5,000 Shares of Stock
Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) Director Robert J. Currey acquired 5,000 shares of the business’s stock in a transaction on Tuesday, November 14th. The shares were bought at an average cost of $13.43 per share, with a total value of $67,150.00. Following the completion of the acquisition, the director now owns 45,995 shares in the company, valued at $617,712.85. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of Consolidated Communications Holdings, Inc. (CNSL) traded down $0.46 on Wednesday, reaching $13.12. The company had a trading volume of 1,428,900 shares, compared to its average volume of 553,897. The company has a market capitalization of $961.95, a P/E ratio of 38.80, a PEG ratio of 24.47 and a beta of 0.86. Consolidated Communications Holdings, Inc. has a 12 month low of $13.11 and a 12 month high of $30.23. The company has a debt-to-equity ratio of 4.61, a quick ratio of 0.88 and a current ratio of 0.88.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Monday, January 15th will be given a $0.387 dividend. The ex-dividend date is Thursday, January 11th. This represents a $1.55 dividend on an annualized basis and a yield of 11.80%. Consolidated Communications Holdings’s dividend payout ratio is presently -287.03%.
A number of research firms have recently commented on CNSL. BidaskClub upgraded Consolidated Communications Holdings from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. TheStreet downgraded Consolidated Communications Holdings from a “c” rating to a “d+” rating in a research report on Thursday, August 3rd. Cowen and Company reiterated a “hold” rating and set a $22.00 target price on shares of Consolidated Communications Holdings in a research report on Friday, July 28th. ValuEngine upgraded Consolidated Communications Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th. Finally, Jefferies Group LLC lowered their target price on Consolidated Communications Holdings from $21.00 to $19.00 and set a “hold” rating for the company in a research report on Friday, November 3rd. Two analysts have rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $22.00.
About Consolidated Communications Holdings
Consolidated Communications Holdings, Inc is a holding company 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.
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