The stock of Consolidated Communications Holdings Inc (NASDAQ:CNSL) reached all time high today, Nov, 29 and still has $32.29 target or 8.00% above today’s $29.90 share price. This indicates more upside for the $1.52B company. This technical setup was reported by Barchart.com. If the $32.29 PT is reached, the company will be worth $121.60M 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 207,724 shares traded hands. Consolidated Communications Holdings Inc (NASDAQ:CNSL) has risen 24.76% since April 26, 2016 and is uptrending. It has outperformed by 19.50% 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 $8.64 million for 43.97 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. Drexel Hamilton downgraded the stock to “Hold” rating in Monday, June 27 report. Jefferies maintained Consolidated Communications Holdings Inc (NASDAQ:CNSL) on Thursday, September 10 with “Hold” rating. The firm has “Underweight” rating by Stephens given on Thursday, October 20. The rating was downgraded by DA Davidson on Monday, April 4 to “Underperform”. The stock has “Sell” rating given by Citigroup on Friday, August 5. Raymond James downgraded the stock to “Underperform” rating in Friday, August 5 report. Jefferies maintained Consolidated Communications Holdings Inc (NASDAQ:CNSL) rating on Friday, May 13. Jefferies has “Hold” rating and $22 price target.
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.
Bnp Paribas Arbitrage Sa, a New York-based fund reported 17,097 shares. Aperio Group Incorporated Limited Liability Company reported 33,884 shares or 0.01% of all its holdings. Vanguard Grp reported 5.02 million shares or 0.01% of all its holdings. Legal And General Public Limited Com has invested 0% of its portfolio in Consolidated Communications Holdings Inc (NASDAQ:CNSL). Sei Invs accumulated 0% or 27 shares. North Star Inv Corporation accumulated 95,686 shares or 0.48% of the stock. Aqr Cap Mgmt Lc has invested 0% of its portfolio in Consolidated Communications Holdings Inc (NASDAQ:CNSL). Northern Tru Corporation, a Illinois-based fund reported 618,018 shares. Voya Invest Mgmt Ltd Limited Liability Company accumulated 0.01% or 81,028 shares. The Vermont-based Clean Yield has invested 0.02% in Consolidated Communications Holdings Inc (NASDAQ:CNSL). Credit Agricole S A has 0% invested in the company for 15,800 shares. Alliancebernstein Ltd Partnership holds 0% or 88,730 shares in its portfolio. Ny State Teachers Retirement accumulated 0% or 65,011 shares. Glenmede Na accumulated 0% or 5,100 shares. Deutsche Bank Ag holds 0% or 191,095 shares in its portfolio.
Insider Transactions: Since July 11, 2016, the stock had 1 insider purchase, and 1 insider sale for $258,000 net activity. 1,000 Consolidated Communications Holdings Inc (NASDAQ:CNSL) shares with value of $24,000 were bought by Parker Dale E. 10,000 shares were sold by Childers Steven L, worth $282,000 on Monday, July 11.
More 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 the news titled: “Consolidated Communications to Acquire Illinois-based Champaign Telephone Company” on April 18, 2016. Seekingalpha.com‘s news article titled: “Consolidated Communications: Just Buy A Junk Bond Instead” with publication date: August 30, 2016 was also an interesting one.
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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