Consolidated Communications Holdings Inc (CNSL) Given Consensus Recommendation of “Buy” by Analysts

Consolidated Communications Holdings Inc (NASDAQ:CNSL) has received a consensus rating of “Buy” from the eleven ratings firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $22.00.

Several equities analysts recently commented on the company. Zacks Investment Research upgraded Consolidated Communications from a “sell” rating to a “hold” rating in a research report on Monday. ValuEngine cut Consolidated Communications from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Cowen reiterated a “hold” rating and issued a $21.00 price objective on shares of Consolidated Communications in a report on Thursday, October 19th. Drexel Hamilton upgraded Consolidated Communications from a “hold” rating to a “buy” rating in a report on Tuesday, January 2nd. They noted that the move was a valuation call. Finally, Jefferies Group cut their price objective on Consolidated Communications from $21.00 to $19.00 and set a “hold” rating for the company in a report on Friday, November 3rd.

In related news, Director Thomas A. Gerke bought 6,850 shares of the stock in a transaction dated Tuesday, November 7th. The stock was bought at an average price of $14.63 per share, with a total value of $100,215.50. Following the purchase, the director now owns 12,667 shares in the company, valued at approximately $185,318.21. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert J. Currey bought 5,000 shares of the stock in a transaction dated Tuesday, November 14th. The stock was bought at an average cost of $13.43 per share, with a total value of $67,150.00. Following the purchase, the director now owns 45,995 shares in the company, valued at approximately $617,712.85. The disclosure for this purchase can be found here. Insiders bought a total of 17,550 shares of company stock valued at $247,203 over the last quarter. Company insiders own 3.00% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in shares of Consolidated Communications in the 2nd quarter valued at about $127,000. QS Investors LLC lifted its stake in shares of Consolidated Communications by 17,467.6% in the 2nd quarter. QS Investors LLC now owns 6,500 shares of the utilities provider’s stock valued at $140,000 after acquiring an additional 6,463 shares during the last quarter. Advisor Group Inc. lifted its stake in shares of Consolidated Communications by 28.7% in the 2nd quarter. Advisor Group Inc. now owns 8,268 shares of the utilities provider’s stock valued at $167,000 after acquiring an additional 1,846 shares during the last quarter. Crossmark Global Holdings Inc. bought a new stake in shares of Consolidated Communications in the 3rd quarter valued at about $194,000. Finally, Piedmont Investment Advisors LLC bought a new stake in shares of Consolidated Communications in the 2nd quarter valued at about $236,000. 71.04% of the stock is owned by institutional investors.

Consolidated Communications (NASDAQ CNSL) opened at $12.94 on Tuesday. Consolidated Communications has a 52-week low of $12.03 and a 52-week high of $26.79. 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 company has a market capitalization of $872.70, a PE ratio of -23.96, a P/E/G ratio of 21.72 and a beta of 0.74.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Monday, January 15th will be issued a $0.387 dividend. This represents a $1.55 dividend on an annualized basis and a dividend yield of 11.96%. The ex-dividend date of this dividend is Thursday, January 11th. Consolidated Communications’s payout ratio is currently -287.03%.

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Consolidated Communications Company Profile

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.

Analyst Recommendations for Consolidated Communications (NASDAQ:CNSL)

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