Consolidated Communications Holdings Inc (NASDAQ:CNSL) Director Roger H/Ca Moore acquired 2,000 shares of Consolidated Communications stock in a transaction on Monday, March 12th. The shares were purchased at an average cost of $11.94 per share, with a total value of $23,880.00. Following the completion of the acquisition, the director now owns 47,953 shares of the company’s stock, valued at approximately $572,558.82. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Consolidated Communications Holdings Inc (CNSL) traded up $0.33 during trading hours on Wednesday, reaching $12.16. The company had a trading volume of 1,602,992 shares, compared to its average volume of 1,064,388. The company has a market capitalization of $849.31, a price-to-earnings ratio of 13.46, a price-to-earnings-growth ratio of 108.11 and a beta of 0.74. Consolidated Communications Holdings Inc has a 12 month low of $10.83 and a 12 month high of $24.80. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 4.03.
Consolidated Communications (NASDAQ:CNSL) last posted its quarterly earnings data on Thursday, March 1st. The utilities provider reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.06). The business had revenue of $356.40 million for the quarter, compared to the consensus estimate of $356.72 million. Consolidated Communications had a net margin of 6.13% and a return on equity of 2.83%. Consolidated Communications’s quarterly revenue was down 4.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.11 EPS. equities analysts predict that Consolidated Communications Holdings Inc will post 0.06 earnings per share for the current year.
Large investors have recently bought and sold shares of the stock. Bfsg LLC bought a new stake in Consolidated Communications during the fourth quarter valued at $129,000. Jump Trading LLC purchased a new stake in Consolidated Communications during the fourth quarter valued at about $133,000. Amundi Pioneer Asset Management Inc. purchased a new stake in Consolidated Communications during the fourth quarter valued at about $138,000. Vident Investment Advisory LLC purchased a new stake in Consolidated Communications during the fourth quarter valued at about $139,000. Finally, Virtu Financial LLC purchased a new stake in Consolidated Communications during the fourth quarter valued at about $143,000. 74.71% of the stock is owned by institutional investors.
A number of research firms have recently commented on CNSL. Drexel Hamilton raised 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. BidaskClub raised Consolidated Communications from a “strong sell” rating to a “sell” rating in a report on Wednesday, February 28th. Cowen reaffirmed a “hold” rating and issued a $14.00 price target on shares of Consolidated Communications in a report on Friday, March 2nd. Zacks Investment Research raised Consolidated Communications from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. Finally, ValuEngine lowered Consolidated Communications from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $17.50.
About Consolidated Communications
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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