Consolidated Communications Holdings, Inc. (CNSL) Price Target Lowered to $19.00 at Jefferies Group LLC

Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) had its target price lowered by research analysts at Jefferies Group LLC from $21.00 to $19.00 in a research note issued to investors on Friday. The brokerage presently has a “hold” rating on the utilities provider’s stock. Jefferies Group LLC’s price objective suggests a potential upside of 5.56% from the stock’s current price.

Several other research firms have also issued reports on CNSL. BidaskClub lowered Consolidated Communications Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. ValuEngine raised Consolidated Communications Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. TheStreet lowered Consolidated Communications Holdings from a “c” rating to a “d+” rating in a report on Thursday, August 3rd. Finally, Cowen and Company reaffirmed a “hold” rating and issued a $21.00 target price on shares of Consolidated Communications Holdings in a report on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $23.00.

Shares of Consolidated Communications Holdings (NASDAQ:CNSL) traded down $2.60 on Friday, reaching $16.56. 1,040,103 shares of the company’s stock traded hands, compared to its average volume of 406,984. The firm has a market cap of $1,275.07, a PE ratio of 51.43 and a beta of 0.86.

Consolidated Communications Holdings (NASDAQ:CNSL) last issued its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. The firm had revenue of $169.95 million during the quarter, compared to analyst estimates of $169.69 million. Consolidated Communications Holdings had a positive return on equity of 7.43% and a negative net margin of 3.96%. The company’s revenue for the quarter was down 9.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.20 EPS. equities research analysts predict that Consolidated Communications Holdings will post 0.5 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: “Consolidated Communications Holdings, Inc. (CNSL) Price Target Lowered to $19.00 at Jefferies Group LLC” was published by Community Financial News and is the property of of Community Financial News. If you are viewing this story on another domain, it was stolen and republished in violation of United States and international copyright law. The original version of this story can be accessed at https://www.com-unik.info/2017/11/03/consolidated-communications-holdings-inc-cnsl-price-target-lowered-to-19-00-at-jefferies-group-llc.html.

In other news, Director Wayne Wilson acquired 3,000 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The shares were acquired at an average price of $17.45 per share, for a total transaction of $52,350.00. Following the completion of the purchase, the director now owns 50,211 shares in the company, valued at $876,181.95. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard Anthony Lumpkin acquired 5,300 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The stock was purchased at an average price of $19.17 per share, for a total transaction of $101,601.00. Following the purchase, the director now owns 12,667 shares of the company’s stock, valued at approximately $242,826.39. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 26,688 shares of company stock worth $495,724. 3.00% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. lifted its stake in Consolidated Communications Holdings by 0.3% in the second quarter. BlackRock Inc. now owns 7,058,156 shares of the utilities provider’s stock valued at $151,539,000 after purchasing an additional 17,697 shares during the last quarter. Royal Bank of Canada lifted its position in shares of Consolidated Communications Holdings by 11.1% during the second quarter. Royal Bank of Canada now owns 6,029,890 shares of the utilities provider’s stock worth $129,462,000 after acquiring an additional 601,410 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Consolidated Communications Holdings by 0.9% during the second quarter. Vanguard Group Inc. now owns 5,655,583 shares of the utilities provider’s stock worth $121,425,000 after acquiring an additional 48,111 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Consolidated Communications Holdings by 1.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,941,090 shares of the utilities provider’s stock worth $45,461,000 after acquiring an additional 32,584 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of Consolidated Communications Holdings by 15.3% during the third quarter. Principal Financial Group Inc. now owns 1,730,061 shares of the utilities provider’s stock worth $33,009,000 after acquiring an additional 229,836 shares in the last quarter. Institutional investors and hedge funds own 67.72% of the company’s stock.

Consolidated Communications Holdings 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 Holdings (NASDAQ:CNSL)

What are top analysts saying about Consolidated Communications Holdings Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Consolidated Communications Holdings Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit