Consolidated Communications Holdings Inc. (NASDAQ:CNSL) dropped 2.4% on Friday . The stock traded as low as $25.62 and last traded at $25.94, with a volume of 208,839 shares traded. The stock had previously closed at $26.58.

CNSL has been the topic of several analyst reports. Zacks Investment Research lowered Consolidated Communications Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, July 6th. Jefferies Group reaffirmed a “hold” rating and issued a $22.00 target price (up from $21.00) on shares of Consolidated Communications Holdings in a research report on Friday, May 13th. Drexel Hamilton lowered Consolidated Communications Holdings from a “buy” rating to a “hold” rating and set a $26.00 target price on the stock. in a research report on Monday, June 27th. They noted that the move was a valuation call. Raymond James Financial Inc. lowered Consolidated Communications Holdings from a “market perform” rating to an “underperform” rating in a research report on Friday. They noted that the move was a valuation call. Finally, Citigroup Inc. increased their target price on Consolidated Communications Holdings from $17.00 to $19.00 and gave the stock a “sell” rating in a research report on Friday. Three analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $23.00.

The company’s 50-day moving average price is $27.22 and its 200 day moving average price is $24.22. The firm’s market cap is $1.31 billion.

Consolidated Communications Holdings (NASDAQ:CNSL) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.20 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.02. The business earned $186.90 million during the quarter, compared to the consensus estimate of $193.77 million. During the same period in the prior year, the firm earned $0.24 earnings per share. The business’s quarterly revenue was down 7.0% on a year-over-year basis. On average, equities research analysts predict that Consolidated Communications Holdings Inc. will post $0.67 EPS for the current fiscal year.

In other news, CFO Steven L. Childers sold 10,000 shares of Consolidated Communications Holdings stock in a transaction that occurred on Monday, July 11th. The stock was sold at an average price of $28.20, for a total transaction of $282,000.00. Following the sale, the chief financial officer now owns 85,410 shares of the company’s stock, valued at approximately $2,408,562. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Several hedge funds have recently made changes to their positions in CNSL. Rhumbline Advisers raised its stake 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 last quarter. California State Teachers Retirement System raised its stake 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 last quarter. California Public Employees Retirement System raised its stake 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 last quarter. Mutual of America Capital Management LLC raised its stake 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 last quarter. Finally, Principal Financial Group Inc. raised 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 valued at $14,343,000 after buying an additional 22,468 shares during 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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