How Analysts Feel About Communications Sales & Leasing Inc After Today’s Bearish Options Activity?

 How Analysts Feel About Communications Sales & Leasing Inc After Today's Bearish Options Activity?

In today’s session Communications Sales & Leasing Inc (CSAL) recorded an unusually high (1,800) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious CSAL decrease. With 1,800 contracts traded and 27464 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: CSAL161118P00027500 closed last at: $2 or 122.2% up. About 1.54M shares traded hands or 40.00% up from the average. Communications Sales & Leasing Inc (NASDAQ:CSAL) has risen 11.36% since April 12, 2016 and is uptrending. It has outperformed by 6.37% the S&P500.

Communications Sales & Leasing Inc (NASDAQ:CSAL) Ratings Coverage

Out of 6 analysts covering Communications Sales & Leasing Inc When Issued (NASDAQ:CSAL), 5 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 83% are positive. $34 is the highest target while $22 is the lowest. The $28.67 average target is 23.10% above today’s ($23.29) stock price. Communications Sales & Leasing Inc When Issued has been the topic of 8 analyst reports since August 21, 2015 according to StockzIntelligence Inc. The company was upgraded on Tuesday, October 6 by Morgan Stanley. The rating was upgraded by Zacks to “Hold” on Wednesday, September 2. On Tuesday, December 1 the stock rating was initiated by Raymond James with “Outperform”. As per Wednesday, November 2, the company rating was upgraded by Raymond James. The rating was maintained by DA Davidson on Monday, March 7 with “Buy”. Zacks downgraded the stock to “Hold” rating in Friday, August 21 report. The stock of Communications Sales & Leasing Inc (NASDAQ:CSAL) has “Overweight” rating given on Monday, September 26 by JP Morgan.

According to Zacks Investment Research, “Communications Sales & Leasing, Inc. is a real estate investment trust primarily engaged in the acquisition and leasing of communication distribution systems. Communications Sales & Leasing, Inc. is headquartered in Little Rock, Ark.”

Communications Sales & Leasing, Inc

CSAL Company Profile

Communications Sales & Leasing, Inc. (CS&L), incorporated on October 04, 2014, is an internally managed real estate investment trust (REIT) engaged in the acquisition and construction of a range of infrastructure in the communications industry. The Firm is focused on acquiring and constructing fiber optic broadband networks, wireless communications towers, copper and coaxial broadband networks and data centers. The Firm operates through two divisions: Leasing and Consumer competitive local exchange carrier (CLEC). The Company’s Leasing segment represents its REIT operations. The Consumer CLEC segment represents the activities of its Consumer CLEC Business.

More recent Communications Sales & Leasing Inc (NASDAQ:CSAL) news were published by: Globenewswire.com which released: “Communications Sales & Leasing Completes Acquisition of Tower Cloud” on August 31, 2016. Also Marketwatch.com published the news titled: “Communications Sales & Leasing swings to loss” on August 11, 2016. Globenewswire.com‘s news article titled: “Communications Sales & Leasing, Inc. Elects Andrew Frey to Board of Directors” with publication date: August 09, 2016 was also an interesting one.

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