Consolidated Communications Holdings Inc. (NASDAQ:CNSL) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $28.64 and last traded at $28.56, with a volume of 143,355 shares trading hands. The stock had previously closed at $28.21.

CNSL has been the subject of a number of recent analyst reports. Drexel Hamilton cut shares of Consolidated Communications Holdings from a “buy” rating to a “hold” rating and set a $26.00 price target for the company. in a report on Monday, June 27th. They noted that the move was a valuation call. Jefferies Group restated a “hold” rating and set a $22.00 price target (up from $21.00) on shares of Consolidated Communications Holdings in a report on Friday, May 13th. Zacks Investment Research cut shares of Consolidated Communications Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, July 6th. Finally, DA Davidson cut shares of Consolidated Communications Holdings from a “neutral” rating to an “underperform” rating and set a $22.00 target price for the company. in a research note on Monday, April 4th. They noted that the move was a valuation call.

The firm’s 50 day moving average is $25.78 and its 200-day moving average is $23.35. The company’s market capitalization is $1.44 billion.

Consolidated Communications Holdings (NASDAQ:CNSL) last issued its quarterly earnings results on Thursday, May 5th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.03. The business earned $188.80 million during the quarter, compared to analyst estimates of $189.12 million. The firm’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.20 earnings per share. On average, equities analysts forecast that Consolidated Communications Holdings Inc. will post $0.70 EPS for the current year.

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

In other Consolidated Communications Holdings news, Director Robert J. Currey sold 10,000 shares of Consolidated Communications Holdings stock in a transaction on Thursday, May 12th. The shares were sold at an average price of $25.75, for a total value of $257,500.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Several hedge funds and institutional investors have recently added to or reduced their stakes in CNSL. Principal Financial Group Inc. raised its position in Consolidated Communications Holdings by 3.4% in the fourth quarter. Principal Financial Group Inc. now owns 684,634 shares of the company’s stock valued at $14,343,000 after buying an additional 22,468 shares in the last quarter. First Trust Advisors LP raised its position 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. NBW Capital LLC raised its position 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. Mutual of America Capital Management LLC raised its position in Consolidated Communications Holdings by 9.3% in the fourth quarter. Mutual of America Capital Management LLC now owns 108,166 shares of the company’s stock valued at $2,266,000 after buying an additional 9,241 shares in the last quarter. Finally, California Public Employees Retirement System raised its position 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.

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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