Consolidated Communications Holdings Inc. (NASDAQ:CNSL) shares were up 3.8% on Friday . The company traded as high as $28.10 and last traded at $27.98, with a volume of 74,389 shares changing hands. The stock had previously closed at $26.96.

A number of research analysts recently weighed in on CNSL shares. DA Davidson lowered 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 report on Monday, April 4th. They noted that the move was a valuation call. Zacks Investment Research downgraded Consolidated Communications Holdings from a “hold” rating to a “sell” rating in a research report on Friday, May 6th. Jefferies Group reiterated a “hold” rating and set a $22.00 target price (up from $21.00) on shares of Consolidated Communications Holdings in a research report on Friday, May 13th. Finally, Drexel Hamilton downgraded Consolidated Communications Holdings from a “buy” rating to a “hold” rating and set a $26.00 target price for the company. in a research report on Monday, June 27th. They noted that the move was a valuation call.

The stock’s market cap is $1.41 billion. The company’s 50-day moving average is $26.50 and its 200 day moving average is $23.66.

Consolidated Communications Holdings (NASDAQ:CNSL) last issued its earnings results on Thursday, May 5th. The company reported $0.19 earnings per share (EPS) 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 in the previous year, the company earned $0.20 earnings per share. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. Equities research analysts forecast that Consolidated Communications Holdings Inc. will post $0.70 EPS for the current year.

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

In other Consolidated Communications Holdings news, Director Robert J. Currey sold 10,000 shares of the company’s stock in a transaction on Thursday, May 12th. The stock was sold at an average price of $25.75, for a total value of $257,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Several institutional investors have made changes to their positions in the stock. Rhumbline Advisers raised its position in shares of 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 during the period. California State Teachers Retirement System raised its position in shares of 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 during the period. California Public Employees Retirement System raised its position in shares of 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 during the period. Mutual of America Capital Management LLC raised its position in shares of 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 during the period. Finally, First Trust Advisors LP raised its position in shares of 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 during the period.

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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