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

CNSL has been the subject of several recent analyst reports. Jefferies Group reiterated a “hold” rating and issued a $22.00 price objective (up previously from $21.00) on shares of Consolidated Communications Holdings in a research note 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. DA Davidson cut shares of Consolidated Communications Holdings from a “neutral” rating to an “underperform” rating and set a $22.00 price objective for the company. in a research note on Monday, April 4th. They noted that the move was a valuation call. Finally, 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.

The firm’s market capitalization is $1.41 billion. The stock has a 50-day moving average price of $26.60 and a 200 day moving average price of $23.72.

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

The firm also recently announced a dividend, which will be paid on Monday, August 1st. Shareholders of record on Friday, July 15th will be issued a dividend of $0.387 per share. 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 stock in a transaction on Thursday, May 12th. The shares were sold at an average price of $25.75, for a total transaction of $257,500.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Several hedge funds have modified their holdings of CNSL. Principal Financial Group Inc. boosted its stake in shares of Consolidated Communications Holdings by 3.4% in the fourth quarter. Principal Financial Group Inc. now owns 684,634 shares of the company’s stock worth $14,343,000 after buying an additional 22,468 shares during the period. 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. 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. Rhumbline Advisers raised its position 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. Finally, 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.

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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