Shares of Consolidated Communications Holdings Inc. (NASDAQ:CNSL) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $28.01 and last traded at $27.99, with a volume of 157,511 shares trading hands. The stock had previously closed at $27.75.

Several brokerages recently issued reports on CNSL. Zacks Investment Research cut shares of Consolidated Communications Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday. Drexel Hamilton cut shares of Consolidated Communications Holdings from a “buy” rating to a “hold” rating and set a $26.00 price objective for the company. in a research note on Monday, June 27th. They noted that the move was a valuation call. Jefferies Group reissued a “hold” rating and issued a $22.00 price target (up previously from $21.00) on shares of Consolidated Communications Holdings in a research note on Friday, May 13th. Finally, DA Davidson cut shares of Consolidated Communications Holdings from a “neutral” rating to an “underperform” rating and set a $22.00 price target for the company. in a research note on Monday, April 4th. They noted that the move was a valuation call.

The firm’s market cap is $1.41 billion. The stock has a 50-day moving average of $25.45 and a 200 day moving average of $23.19.

Consolidated Communications Holdings (NASDAQ:CNSL) last released its quarterly earnings data on Thursday, May 5th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.03. During the same quarter in the prior year, the firm earned $0.20 earnings per share. The business had revenue of $188.80 million for the quarter, compared to analysts’ expectations of $189.12 million. Consolidated Communications Holdings’s quarterly revenue was down 2.0% compared to the same quarter last year. On average, analysts anticipate that Consolidated Communications Holdings Inc. will post $0.69 earnings per share for the current fiscal year.

The firm also recently disclosed a dividend, which will be paid on Monday, August 1st. Shareholders of record on Friday, July 15th will be paid a dividend of $0.387 per share. The ex-dividend date is Wednesday, July 13th.

In other Consolidated Communications Holdings news, Director Robert J. Currey sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, May 12th. The shares were sold at an average price of $25.75, for a total transaction of $257,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Other large investors have added to or reduced their stakes in the company. California State Teachers Retirement System increased its stake in Consolidated Communications Holdings by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 93,580 shares of the company’s stock valued at $1,961,000 after buying an additional 1,441 shares in the last quarter. First Trust Advisors LP increased its stake in Consolidated Communications Holdings by 7.4% in the fourth quarter. First Trust Advisors LP now owns 231,833 shares of the company’s stock valued at $4,857,000 after buying an additional 15,902 shares in the last quarter. Rhumbline Advisers increased its stake in Consolidated Communications Holdings by 6.6% in the fourth quarter. Rhumbline Advisers now owns 69,740 shares of the company’s stock valued at $1,461,000 after buying an additional 4,320 shares in the last quarter. California Public Employees Retirement System increased its stake in Consolidated Communications Holdings by 1.2% in the fourth quarter. California Public Employees Retirement System now owns 104,789 shares of the company’s stock valued at $2,195,000 after buying an additional 1,200 shares in the last quarter. Finally, NBW Capital LLC increased its stake in Consolidated Communications Holdings by 0.8% in the fourth quarter. NBW Capital LLC now owns 183,784 shares of the company’s stock valued at $3,850,000 after buying an additional 1,519 shares in the last quarter.

Consolidated Communications Holdings, Inc is a holding company 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.

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