Consolidated Communications Holdings (CNSL) Earning Somewhat Positive News Coverage, Analysis Shows
Media coverage about Consolidated Communications Holdings (NASDAQ:CNSL) has been trending somewhat positive recently, according to Accern. The research group identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Consolidated Communications Holdings earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave news articles about the utilities provider an impact score of 45.0380317815628 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news articles that may have effected Accern’s analysis:
- Consolidated Communications Holdings, Inc. breached its 50 day moving average in a Bullish Manner : CNSL-US : September 22, 2017 (finance.yahoo.com)
- Top Buys by Directors: Currey’s $241.7K Bet on CNSL (nasdaq.com)
- Consolidated Communications Holdings, Inc. (CNSL) Given Average Rating of “Hold” by Analysts (americanbankingnews.com)
- CONSOLIDATED COMMUNICATIONS : Financial Statements and Exhibits (form 8-K/A) (4-traders.com)
- Consolidated Communications : Volunteers Needed for Special Olympics Family Festival (4-traders.com)
A number of equities research analysts recently commented on CNSL shares. BidaskClub raised shares of Consolidated Communications Holdings from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. TheStreet cut shares of Consolidated Communications Holdings from a “c” rating to a “d+” rating in a research report on Thursday, August 3rd. Cowen and Company reissued a “hold” rating and set a $22.00 target price on shares of Consolidated Communications Holdings in a research report on Friday, July 28th. ValuEngine raised shares of Consolidated Communications Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th. Finally, Zacks Investment Research raised shares of Consolidated Communications Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company. Consolidated Communications Holdings presently has an average rating of “Hold” and an average target price of $25.60.
Consolidated Communications Holdings (CNSL) traded up 1.99% on Friday, hitting $18.97. 426,024 shares of the company’s stock were exchanged. Consolidated Communications Holdings has a 12-month low of $17.21 and a 12-month high of $30.23. The company’s 50-day moving average price is $18.65 and its 200-day moving average price is $20.80. The company has a market cap of $1.34 billion, a PE ratio of 6323.33 and a beta of 0.91.
Consolidated Communications Holdings (NASDAQ:CNSL) last issued its earnings results on Thursday, August 3rd. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.03. Consolidated Communications Holdings had a net margin of 0.09% and a return on equity of 15.30%. The business had revenue of $169.95 million during the quarter, compared to analysts’ expectations of $169.69 million. During the same quarter in the prior year, the business posted $0.20 EPS. The company’s revenue for the quarter was down 9.1% on a year-over-year basis. Analysts forecast that Consolidated Communications Holdings will post $0.55 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Sunday, October 15th will be issued a $0.3874 dividend. This represents a $1.55 annualized dividend and a dividend yield of 8.17%. The ex-dividend date is Thursday, October 12th. Consolidated Communications Holdings’s payout ratio is 15,500.00%.
In related news, Director Wayne Wilson bought 3,000 shares of the stock in a transaction dated Thursday, September 14th. The stock was acquired at an average price of $17.45 per share, for a total transaction of $52,350.00. Following the acquisition, the director now owns 50,211 shares in the company, valued at approximately $876,181.95. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Richard Anthony Lumpkin bought 5,300 shares of the stock in a transaction dated Friday, August 11th. The stock was bought at an average price of $19.17 per share, with a total value of $101,601.00. Following the acquisition, the director now owns 12,667 shares in the company, valued at approximately $242,826.39. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 26,688 shares of company stock valued at $495,724. Company insiders own 3.00% of the company’s stock.
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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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