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

Several research analysts have weighed in on CNSL shares. Drexel Hamilton lowered Consolidated Communications Holdings from a “buy” rating to a “hold” rating and set a $26.00 price target on the stock. in a research report on Monday, June 27th. They noted that the move was a valuation call. Jefferies Group reaffirmed a “hold” rating and set a $22.00 price target (up previously from $21.00) on shares of Consolidated Communications Holdings in a research report on Friday, May 13th. Zacks Investment Research raised Consolidated Communications Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, DA Davidson lowered Consolidated Communications Holdings from a “neutral” rating to an “underperform” rating and set a $22.00 price target on the stock. in a research report on Monday, April 4th. They noted that the move was a valuation call.

The firm’s market cap is $1.43 billion. The firm has a 50-day moving average price of $26.01 and a 200-day moving average price of $23.43.

Consolidated Communications Holdings (NASDAQ:CNSL) last announced its quarterly earnings results on Thursday, May 5th. The company reported $0.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.03. The company earned $188.80 million during the quarter, compared to analysts’ expectations of $189.12 million. During the same quarter last year, the firm posted $0.20 earnings per share. Consolidated Communications Holdings’s revenue for the quarter was down 2.0% compared to the same quarter last year. On average, equities research analysts anticipate that Consolidated Communications Holdings Inc. will post $0.70 earnings per share for the current fiscal year.

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

In related news, Director Robert J. Currey sold 10,000 shares of Consolidated Communications Holdings stock in a transaction on Thursday, May 12th. The stock was sold at an average price of $25.75, for a total transaction of $257,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

A number of large investors have bought and sold shares of CNSL. Principal Financial Group Inc. raised its stake 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 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. NBW Capital LLC raised 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. Mutual of America Capital Management LLC raised its stake 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 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.

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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