The stock of Consolidated Communications Holdings Inc (NASDAQ:CNSL) reached all time high today, Nov, 22 and still has $30.45 target or 6.00% above today’s $28.73 share price. This indicates more upside for the $1.46B company. This technical setup was reported by Barchart.com. If the $30.45 PT is reached, the company will be worth $87.60M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 134,787 shares traded hands. Consolidated Communications Holdings Inc (NASDAQ:CNSL) has risen 15.85% since April 20, 2016 and is uptrending. It has outperformed by 11.29% the S&P500.
Consolidated Communications Holdings Inc (NASDAQ:CNSL) Ratings Coverage
Out of 6 analysts covering Consolidated Communications Holdings (NASDAQ:CNSL), 0 rate it a “Buy”, 4 “Sell”, while 2 “Hold”. This means 0 are positive. Consolidated Communications Holdings has been the topic of 7 analyst reports since September 10, 2015 according to StockzIntelligence Inc. The rating was maintained by Jefferies on Thursday, September 10 with “Hold”. As per Monday, June 27, the company rating was downgraded by Drexel Hamilton. The stock of Consolidated Communications Holdings Inc (NASDAQ:CNSL) has “Sell” rating given on Friday, August 5 by Citigroup. The firm has “Underweight” rating given on Thursday, October 20 by Stephens. Jefferies maintained Consolidated Communications Holdings Inc (NASDAQ:CNSL) on Friday, May 13 with “Hold” rating. On Monday, April 4 the stock rating was downgraded by DA Davidson to “Underperform”. The firm earned “Underperform” rating on Friday, August 5 by Raymond James.
According to Zacks Investment Research, “Consolidated Communications Holdings, Inc. offers a wide range of telecommunications services including local and long distance telephone, Digital Phone, High-Speed Internet access and Digital TV to individuals and businesses in Illinois, Pennsylvania, and Texas. The company also offers telephone directory publishing services, wholesale transport services, billing and collection services, inside wiring services, and maintenance services. Consolidated Communications Holdings, Inc. is headquartered in Mattoon, Illinois.”
Insitutional Activity: The institutional sentiment increased to 1.31 in Q2 2016. Its up 0.17, from 1.14 in 2016Q1. The ratio improved, as 15 funds sold all Consolidated Communications Holdings Inc shares owned while 41 reduced positions. 13 funds bought stakes while 51 increased positions. They now own 31.24 million shares or 1.44% more from 30.80 million shares in 2016Q1.
Citigroup has invested 0% of its portfolio in Consolidated Communications Holdings Inc (NASDAQ:CNSL). Blackrock reported 7,492 shares or 0% of all its holdings. Martingale Asset Mngmt L P holds 0.01% or 26,674 shares in its portfolio. The Massachusetts-based Geode Cap Management Ltd has invested 0.01% in Consolidated Communications Holdings Inc (NASDAQ:CNSL). Tiaa Cref Mngmt reported 161,775 shares or 0% of all its holdings. Bnp Paribas Arbitrage last reported 17,097 shares in the company. Moreover, Texas Permanent School Fund has 0.01% invested in Consolidated Communications Holdings Inc (NASDAQ:CNSL) for 38,731 shares. Sei Investments holds 0% or 27 shares in its portfolio. The Maryland-based Proshare Advsr Ltd Liability Corp has invested 0% in Consolidated Communications Holdings Inc (NASDAQ:CNSL). Renaissance Technology Llc, a New York-based fund reported 43,894 shares. Thompson Davis Incorporated accumulated 633 shares or 0.03% of the stock. Nbw Capital Limited Liability Corp holds 0.92% or 110,056 shares in its portfolio. Menta Limited Liability last reported 0.23% of its portfolio in the stock. Aqr Limited Liability Company holds 0% of its portfolio in Consolidated Communications Holdings Inc (NASDAQ:CNSL) for 12,199 shares. Trexquant Investment Limited Partnership reported 10,568 shares or 0.04% of all its holdings.
Insider Transactions: Since July 11, 2016, the stock had 1 insider purchase, and 1 sale for $258,000 net activity. 1,000 shares were bought by Parker Dale E, worth $24,000 on Friday, September 9. Childers Steven L sold 10,000 shares worth $282,000.
More notable recent Consolidated Communications Holdings Inc (NASDAQ:CNSL) news were published by: Forbes.com which released: “Consolidated Communications Holdings (CNSL) Passes Through 6% Yield Mark” on November 15, 2016, also Marketwatch.com with their article: “Consolidated Communications Holdings Inc.” published on April 21, 2011, Seekingalpha.com published: “Consolidated Communications: Just Buy A Junk Bond Instead” on August 30, 2016. More interesting news about Consolidated Communications Holdings Inc (NASDAQ:CNSL) were released by: Forbes.com and their article: “Consolidated Communications Holdings Named Top Dividend Stock With Insider …” published on July 13, 2016 as well as Nasdaq.com‘s news article titled: “Consolidated Communications Holdings is Oversold” with publication date: August 16, 2016.
CNSL Company Profile
Consolidated Communications Holdings, Inc., incorporated on March 22, 2002, is a holding firm 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. The Firm operates as both an Incumbent Local Exchange Carrier (ILEC) and a Competitive Local Exchange Carrier (CLEC) dependent upon the territory served. The Firm provides a range of services and products that include local and long-distance service, broadband Internet access, video services, Voice over Internet Protocol (VoIP), private line services, carrier grade access services, network capacity services over its regional fiber optic networks, cloud data services, data center and managed services, directory publishing, equipment sales and cloud data services. The Firm markets services to its residential clients either individually or as a bundled package.
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