Consolidated Communications Holdings Inc (NASDAQ:CNSL) has been assigned an average rating of “Hold” from the eight brokerages that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $14.67.
CNSL has been the topic of several recent research reports. Zacks Investment Research downgraded Consolidated Communications from a “buy” rating to a “hold” rating in a report on Wednesday, August 8th. ValuEngine raised Consolidated Communications from a “strong sell” rating to a “sell” rating in a report on Tuesday, May 22nd. Finally, BidaskClub downgraded Consolidated Communications from a “sell” rating to a “strong sell” rating in a report on Friday, May 18th.
NASDAQ:CNSL opened at $11.96 on Wednesday. The company has a market cap of $835.79 million, a price-to-earnings ratio of 46.00 and a beta of 0.72. Consolidated Communications has a 52 week low of $10.31 and a 52 week high of $20.72. The company has a debt-to-equity ratio of 4.49, a quick ratio of 0.78 and a current ratio of 0.78.
Consolidated Communications (NASDAQ:CNSL) last announced its quarterly earnings results on Thursday, August 2nd. The utilities provider reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.01). The company had revenue of $350.22 million during the quarter, compared to the consensus estimate of $351.29 million. Consolidated Communications had a negative return on equity of 3.15% and a net margin of 3.47%. research analysts forecast that Consolidated Communications will post -0.43 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 1st. Shareholders of record on Monday, October 15th will be paid a dividend of $0.387 per share. This represents a $1.55 annualized dividend and a yield of 12.94%. The ex-dividend date of this dividend is Friday, October 12th. Consolidated Communications’s payout ratio is currently 596.15%.
Institutional investors have recently made changes to their positions in the business. Amalgamated Bank bought a new stake in Consolidated Communications during the 2nd quarter valued at $126,000. Macquarie Group Ltd. raised its stake in Consolidated Communications by 85.5% during the 2nd quarter. Macquarie Group Ltd. now owns 10,200 shares of the utilities provider’s stock valued at $126,000 after acquiring an additional 4,700 shares in the last quarter. Hsbc Holdings PLC bought a new stake in Consolidated Communications during the 1st quarter valued at $119,000. S. Muoio & CO. LLC bought a new stake in Consolidated Communications during the 2nd quarter valued at $135,000. Finally, Profund Advisors LLC bought a new stake in Consolidated Communications during the 1st quarter valued at $122,000. 70.60% of the stock is currently owned by hedge funds and other institutional investors.
Consolidated Communications Company Profile
Consolidated Communications Holdings, Inc, through its subsidiaries, provides various integrated communications services to business and residential customers in the United States. It offers a range of communication services and products that include local and long-distance, high-speed broadband Internet access, video, voice over Internet protocol, private line, custom calling features, security, cloud, data center, managed and IT, and directory publishing services, as well as engages in equipment sales activities.
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