Headlines about Consolidated Communications Holdings (NASDAQ:CNSL) have been trending positive recently, AlphaOne Sentiment reports. The research firm, a subsidiary of Accern, rates the sentiment of news coverage by monitoring more than twenty million blog and news sources. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Consolidated Communications Holdings earned a news impact score of 0.35 on AlphaOne’s scale. AlphaOne also assigned news articles about the utilities provider an impact score of 72 out of 100, meaning that recent news coverage is likely to have an impact on the company’s share price in the near future.
Here are some of the media stories that may have impacted AlphaOne’s rankings:
- Consolidated Communications Holdings, Inc. (NasdaqGS:CNSL) Quant Update & Trader Valuation – DARC News (darcnews.com)
- How The Parts Add Up: VOX Targets $104 (nasdaq.com)
- Consolidated Communications Holdings Inc (CNSL) Receives Consensus Rating of “Hold” from Analysts (americanbankingnews.com)
- Consolidated Communications Holdings Inc (CNSL) Short Interest Up 2.8% in April (americanbankingnews.com)
- Zacks: Analysts Anticipate Consolidated Communications Holdings Inc (CNSL) Will Announce Quarterly Sales of $169.01 Million (americanbankingnews.com)
Several equities research analysts have weighed in on the company. Zacks Investment Research raised Consolidated Communications Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, April 26th. Jefferies Group LLC lowered their price target on Consolidated Communications Holdings from $27.00 to $24.00 and set a “hold” rating on the stock in a report on Friday, February 24th. Wells Fargo & Co reissued an “outperform” rating on shares of Consolidated Communications Holdings in a report on Wednesday, March 29th. Finally, Raymond James Financial, Inc. raised Consolidated Communications Holdings from a “market perform” rating to an “outperform” rating and set a $26.00 price target on the stock in a report on Friday, March 10th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. Consolidated Communications Holdings presently has an average rating of “Hold” and a consensus target price of $24.67.
Consolidated Communications Holdings (NASDAQ:CNSL) opened at 19.60 on Friday. The company has a 50 day moving average price of $22.95 and a 200-day moving average price of $25.06. Consolidated Communications Holdings has a 52-week low of $19.57 and a 52-week high of $30.23. The firm has a market cap of $994.37 million, a price-to-earnings ratio of 332.20 and a beta of 1.27.
Consolidated Communications Holdings (NASDAQ:CNSL) last announced its earnings results on Thursday, May 4th. The utilities provider reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by $0.04. Consolidated Communications Holdings had a return on equity of 14.50% and a net margin of 2.60%. The company had revenue of $169.90 million during the quarter, compared to analysts’ expectations of $171.22 million. During the same quarter last year, the firm posted $0.19 earnings per share. The firm’s revenue was down 10.0% on a year-over-year basis. Equities research analysts anticipate that Consolidated Communications Holdings will post $0.45 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 1st. Investors of record on Saturday, July 15th will be given a $0.3874 dividend. The ex-dividend date of this dividend is Wednesday, July 12th. This represents a $1.55 annualized dividend and a yield of 7.91%. Consolidated Communications Holdings’s dividend payout ratio (DPR) is presently 407.89%.
Consolidated Communications Holdings Company Profile
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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