Communications Sales & Leasing Inc. (NASDAQ:CSAL)’s share price reached a new 52-week high on Monday . The company traded as high as $30.94 and last traded at $30.94, with a volume of 822,934 shares changing hands. The stock had previously closed at $30.31.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Communications Sales & Leasing from a “sell” rating to a “hold” rating in a research report on Monday, May 16th. Citigroup Inc. reiterated a “buy” rating and issued a $32.00 price objective on shares of Communications Sales & Leasing in a research report on Tuesday, July 5th. Six investment analysts have rated the stock with a buy rating, Communications Sales & Leasing currently has a consensus rating of “Buy” and a consensus target price of $27.90.

The company has a market cap of $4.66 billion and a P/E ratio of 113.09. The company has a 50 day moving average of $28.02 and a 200 day moving average of $22.77.

Communications Sales & Leasing (NASDAQ:CSAL) last released its earnings results on Thursday, May 12th. The company reported $0.62 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by $0.02. The firm earned $174.70 million during the quarter, compared to the consensus estimate of $174.39 million. Equities research analysts predict that Communications Sales & Leasing Inc. will post $2.60 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Thursday, June 30th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 7.80%. The ex-dividend date of this dividend was Tuesday, June 28th.

Other institutional investors have recently made changes to their positions in the company. Marshall Wace LLP purchased a new position in shares of Communications Sales & Leasing during the fourth quarter valued at about $1,032,000. Wellington Shields Capital Management LLC boosted its position in shares of Communications Sales & Leasing by 54.1% in the fourth quarter. Wellington Shields Capital Management LLC now owns 60,489 shares of the company’s stock valued at $1,131,000 after buying an additional 21,239 shares during the period. ProShare Advisors LLC boosted its position in shares of Communications Sales & Leasing by 13.1% in the fourth quarter. ProShare Advisors LLC now owns 61,803 shares of the company’s stock valued at $1,155,000 after buying an additional 7,167 shares during the period. SECOR Capital Advisors LP boosted its position in shares of Communications Sales & Leasing by 23.0% in the fourth quarter. SECOR Capital Advisors LP now owns 63,137 shares of the company’s stock valued at $1,180,000 after buying an additional 11,823 shares during the period. Finally, Gabelli Funds LLC boosted its position in shares of Communications Sales & Leasing by 5.2% in the fourth quarter. Gabelli Funds LLC now owns 71,000 shares of the company’s stock valued at $1,327,000 after buying an additional 3,500 shares during the period.

Communications Sales & Leasing, Inc (CS&L) is engaged in the ownership, acquisition and leasing of communication distribution systems. The Company holds the fiber and copper networks and other real estate (the Distribution Systems) and a small consumer competitive local exchange carrier (CLEC) business (the Consumer CLEC Business).

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