Consolidated Communications Holdings (NASDAQ:CNSL) Earning Somewhat Positive Media Coverage, Report Finds
News stories about Consolidated Communications Holdings (NASDAQ:CNSL) have trended somewhat positive on Monday, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Consolidated Communications Holdings earned a news sentiment score of 0.24 on Accern’s scale. Accern also assigned news coverage about the utilities provider an impact score of 47.1222843124961 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- Super Micro Computer, Inc. (NasdaqGS:SMCI) vs. Consolidated Communications Holdings, Inc. (NasdaqGS:CNSL) VC … – Evergreen Caller (evergreencaller.com)
- Consolidated Communications Holdings, Inc. (CNSL) Rating Lowered to D+ at TheStreet (americanbankingnews.com)
- Consolidated Communications Now Offers TV Streaming in the Spanish Language (telecompetitor.com)
- Consolidated Communications Reports Second Quarter 2017 Results (finance.yahoo.com)
- Edited Transcript of CNSL earnings conference call or presentation 3-Aug-17 3:00pm GMT (finance.yahoo.com)
CNSL has been the subject of several recent analyst reports. BidaskClub raised shares of Consolidated Communications Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th. Zacks Investment Research raised shares of Consolidated Communications Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, April 26th. ValuEngine raised shares of Consolidated Communications Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th. Cowen and Company reaffirmed a “hold” rating and set a $22.00 price objective on shares of Consolidated Communications Holdings in a research report on Friday, July 28th. Finally, Raymond James Financial, Inc. raised shares of Consolidated Communications Holdings from an “outperform” rating to a “strong-buy” rating and set a $26.00 price objective for the company in a research report on Friday, June 9th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $25.60.
Shares of Consolidated Communications Holdings (CNSL) traded up 0.92% during midday trading on Monday, reaching $19.81. 84,448 shares of the company traded hands. Consolidated Communications Holdings has a 12 month low of $17.41 and a 12 month high of $30.23. The firm has a market capitalization of $1.01 billion, a P/E ratio of 335.76 and a beta of 0.91. The company has a 50 day moving average of $19.74 and a 200 day moving average of $22.42.
Consolidated Communications Holdings (NASDAQ:CNSL) last announced its earnings results on Thursday, August 3rd. The utilities provider reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.03. The business had revenue of $169.95 million during the quarter, compared to the consensus estimate of $169.69 million. Consolidated Communications Holdings had a negative net margin of 1.55% and a negative return on equity of 7.84%. The business’s quarterly revenue was down 9.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.20 earnings per share. On average, equities research analysts predict that Consolidated Communications Holdings will post $0.57 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Sunday, October 15th will be paid a $0.3874 dividend. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $1.55 annualized dividend and a dividend yield of 7.89%. Consolidated Communications Holdings’s dividend payout ratio (DPR) is presently 15,500.00%.
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About Consolidated Communications Holdings
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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