The stock of Consolidated Communications Holdings Inc (NASDAQ:CNSL) hit a new 52-week high and has $30.75 target or 5.00% above today’s $29.29 share price. The 6 months bullish chart indicates low risk for the $1.55B company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $30.75 price target is reached, the company will be worth $77.50 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 76,763 shares traded hands. Consolidated Communications Holdings Inc (NASDAQ:CNSL) has risen 24.01% since April 21, 2016 and is uptrending. It has outperformed by 18.68% the S&P500.
Analysts await Consolidated Communications Holdings Inc (NASDAQ:CNSL) to report earnings on February, 23. They expect $0.17 earnings per share, up 13.33% or $0.02 from last year’s $0.15 per share. CNSL’s profit will be $9.00 million for 43.07 P/E if the $0.17 EPS becomes a reality. After $0.15 actual earnings per share reported by Consolidated Communications Holdings Inc for the previous quarter, Wall Street now forecasts 13.33% EPS growth.
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. As per Friday, August 5, the company rating was downgraded by Raymond James. The firm has “Underperform” rating by DA Davidson given on Monday, April 4. Jefferies maintained it with “Hold” rating and $22 target price in Friday, May 13 report. Stephens downgraded the shares of CNSL in a report on Thursday, October 20 to “Underweight” rating. The firm has “Hold” rating by Jefferies given on Thursday, September 10. Citigroup maintained it with “Sell” rating and $19 target price in Friday, August 5 report. As per Monday, June 27, the company rating was downgraded by Drexel Hamilton.
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 2016 Q2. Its up 0.17, from 1.14 in 2016Q1. The ratio is positive, 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.
Blackrock Ltd Liability Corp accumulated 23,849 shares or 0% of the stock. Outfitter Advisors Ltd reported 99,400 shares or 1.16% of all its holdings. Public Sector Pension Investment Board last reported 0.01% of its portfolio in the stock. Rhumbline Advisers owns 68,290 shares or 0.01% of their US portfolio. Barclays Public Ltd accumulated 0% or 67 shares. State Of Tennessee Treasury Department holds 0.01% of its portfolio in Consolidated Communications Holdings Inc (NASDAQ:CNSL) for 40,351 shares. Thrivent Financial For Lutherans has 24,810 shares for 0% of their US portfolio. Moreover, Proshare Advsr Ltd Liability Corp has 0% invested in Consolidated Communications Holdings Inc (NASDAQ:CNSL) for 12,552 shares. North Star Inv Mngmt Corp holds 0.48% of its portfolio in Consolidated Communications Holdings Inc (NASDAQ:CNSL) for 95,686 shares. Massmutual Fsb Adv last reported 3,680 shares in the company. First Limited Partnership, a Illinois-based fund reported 389,655 shares. Mutual Of America Capital Ltd Liability has 0.04% invested in the company for 66,168 shares. Blackrock Investment Management Ltd Liability Company holds 0.01% of its portfolio in Consolidated Communications Holdings Inc (NASDAQ:CNSL) for 213,358 shares. State Board Of Administration Of Florida Retirement Sys reported 33,340 shares or 0% of all its holdings. Carroll Associates holds 0% of its portfolio in Consolidated Communications Holdings Inc (NASDAQ:CNSL) for 75 shares.
Insider Transactions: Since July 11, 2016, the stock had 1 insider buy, and 1 insider sale for $258,000 net activity. Childers Steven L sold $282,000 worth of stock or 10,000 shares. 1,000 Consolidated Communications Holdings Inc (NASDAQ:CNSL) shares with value of $24,000 were bought by Parker Dale E.
More important 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 Globenewswire.com published article titled: “Consolidated Communications to Acquire Illinois-based Champaign Telephone Company”, 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) was released by: Forbes.com and their article: “Consolidated Communications Holdings Named Top Dividend Stock With Insider …” with publication date: July 13, 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.