Consolidated Communications Holdings Inc. (NASDAQ:CNSL) shares were down 3.3% during mid-day trading on Tuesday . The company traded as low as $24.19 and last traded at $24.26, with a volume of 250,769 shares changing hands. The stock had previously closed at $25.09.

A number of research analysts have issued reports on CNSL shares. Zacks Investment Research cut Consolidated Communications Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, July 6th. Jefferies Group restated a “hold” rating and issued a $22.00 price target (up from $21.00) on shares of Consolidated Communications Holdings in a report on Friday, May 13th. Drexel Hamilton lowered Consolidated Communications Holdings from a “buy” rating to a “hold” rating and set a $26.00 price target on the stock. in a report on Monday, June 27th. They noted that the move was a valuation call. Citigroup Inc. boosted their price target on Consolidated Communications Holdings from $17.00 to $19.00 and gave the company a “sell” rating in a report on Friday, August 5th. Finally, Raymond James Financial Inc. lowered Consolidated Communications Holdings from a “market perform” rating to an “underperform” rating in a report on Friday, August 5th. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. Consolidated Communications Holdings presently has an average rating of “Hold” and an average target price of $23.60.

The stock has a 50 day moving average of $27.12 and a 200-day moving average of $24.58. The company has a market cap of $1.23 billion and a price-to-earnings ratio of 81.82.

Consolidated Communications Holdings (NASDAQ:CNSL) last announced its earnings results on Thursday, August 4th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.02. During the same period in the prior year, the business earned $0.24 earnings per share. The company had revenue of $186.90 million for the quarter, compared to the consensus estimate of $193.77 million. The firm’s revenue for the quarter was down 7.0% on a year-over-year basis. Equities research analysts expect that Consolidated Communications Holdings Inc. will post $0.70 EPS for the current fiscal year.

In related news, CFO Steven L. Childers sold 10,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief financial officer now directly owns 85,410 shares of the company’s stock, valued at approximately $2,408,562. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

An institutional investor recently raised its position in Consolidated Communications Holdings stock. Rhumbline Advisers increased its stake in Consolidated Communications Holdings Inc. (NASDAQ:CNSL) by 6.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,740 shares of the company’s stock after buying an additional 4,320 shares during the period. Rhumbline Advisers owned 0.14% of Consolidated Communications Holdings worth $1,461,000 at the end of the most recent 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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