Consolidated Communications Holdings Inc. (NASDAQ:CNSL)’s share price dropped 3.3% during trading on Tuesday . The company traded as low as $24.19 and last traded at $24.26, with a volume of 250,769 shares traded. The stock had previously closed at $25.09.

CNSL has been the topic of a number of research reports. Zacks Investment Research lowered shares of 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 set 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 shares of 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. Citigroup Inc. lifted their price objective on shares of 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 shares of 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 investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $23.60.

The stock’s 50-day moving average is $27.05 and its 200 day moving average is $24.61. The firm has a market cap of $1.23 billion and a P/E ratio of 81.82.

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

In other Consolidated Communications Holdings news, CFO Steven L. Childers sold 10,000 shares of the business’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 approximately $2,408,562. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

A hedge fund recently raised its stake in Consolidated Communications Holdings stock. Rhumbline Advisers boosted its stake in shares of Consolidated Communications Holdings Inc. (NASDAQ:CNSL) by 6.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 69,740 shares of the company’s stock after buying an additional 4,320 shares during the period. Rhumbline Advisers owned about 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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