Consolidated Communications Holdings Inc. (NASDAQ:CNSL)’s share price traded down 2.4% during mid-day trading on Friday . The stock traded as low as $25.62 and last traded at $25.94, with a volume of 208,839 shares trading hands. The stock had previously closed at $26.58.

Several equities analysts recently issued reports on the stock. Drexel Hamilton set a $26.00 price target on shares of Consolidated Communications Holdings and gave the company a “hold” rating in a report on Friday. Citigroup Inc. raised their price objective on shares of Consolidated Communications Holdings from $17.00 to $19.00 and gave the company a “sell” rating in a research report on Friday. Zacks Investment Research upgraded shares of Consolidated Communications Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, July 13th. Jefferies Group restated a “hold” rating and issued a $22.00 price objective (up previously from $21.00) on shares of Consolidated Communications Holdings in a research report on Friday, May 13th. Finally, Raymond James Financial Inc. cut shares of Consolidated Communications Holdings from a “market perform” rating to an “underperform” rating in a research report on Friday. Three analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. The company currently has an average rating of “Hold” and an average target price of $23.00.

The company has a 50 day moving average of $27.26 and a 200 day moving average of $24.21. The firm’s market capitalization is $1.31 billion.

Consolidated Communications Holdings (NASDAQ:CNSL) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.02. The business earned $186.90 million during the quarter, compared to analyst estimates of $193.77 million. The company’s revenue was down 7.0% on a year-over-year basis. During the same quarter last year, the company posted $0.24 earnings per share. On average, equities analysts expect that Consolidated Communications Holdings Inc. will post $0.70 earnings per share for the current year.

In related news, CFO Steven L. Childers sold 10,000 shares of the company’s stock in a transaction dated Monday, July 11th. The shares were sold at an average price of $28.20, for a total value of $282,000.00. Following the transaction, the chief financial officer now directly owns 85,410 shares in the company, valued at $2,408,562. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Several institutional investors have added to or reduced their stakes in the stock. Principal Financial Group Inc. increased 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 during the period. Mutual of America Capital Management LLC boosted 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. California Public Employees Retirement System boosted 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. California State Teachers Retirement System boosted its stake in 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 in the last quarter. Finally, Rhumbline Advisers boosted its stake 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.

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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