News headlines about Consolidated Communications Holdings (NASDAQ:CNSL) have trended somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Consolidated Communications Holdings earned a coverage optimism score of 0.20 on Accern’s scale. Accern also assigned news stories about the utilities provider an impact score of 45.9574483871455 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news stories that may have impacted Accern’s scoring:
- The Consolidated Communications Holdings, Inc. (CNSL) Declares $0.39 Quarterly Dividend (bulhufas.com)
- Investor Focus – Technical Watch for Consolidated Communications Holdings Inc (CNSL) – Financial News Review (finnewsreview.com)
- Consolidated Communications Holdings Inc (CNSL) Momentum Pushing Higher – Evergreen Caller (evergreencaller.com)
- Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) to Post Q3 2017 Earnings of $0.11 Per Share, Jefferies Group Forecasts (americanbankingnews.com)
- Insider Buying: Consolidated Communications Holdings, Inc. (CNSL) Director Buys 5,000 Shares of Stock (americanbankingnews.com)
Several brokerages have recently issued reports on CNSL. BidaskClub upgraded shares of Consolidated Communications Holdings from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. TheStreet cut shares of Consolidated Communications Holdings from a “c” rating to a “d+” rating in a report on Thursday, August 3rd. Cowen and Company reiterated a “hold” rating and issued a $22.00 price target on shares of Consolidated Communications Holdings in a report on Friday, July 28th. ValuEngine upgraded shares of Consolidated Communications Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. Finally, Zacks Investment Research upgraded shares of Consolidated Communications Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. One investment analyst has rated the stock with a sell rating, six 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 has an average rating of “Hold” and an average price target of $25.60.
Shares of Consolidated Communications Holdings (NASDAQ CNSL) opened at 19.26 on Friday. The company has a market cap of $1.36 billion, a PE ratio of 6420.00 and a beta of 0.91. The company has a 50-day moving average of $19.37 and a 200 day moving average of $22.10. Consolidated Communications Holdings has a 12-month low of $17.41 and a 12-month high of $30.23.
Consolidated Communications Holdings (NASDAQ:CNSL) last released its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. Consolidated Communications Holdings had a return on equity of 15.30% and a net margin of 0.09%. The company had revenue of $169.95 million during the quarter, compared to analysts’ expectations of $169.69 million. During the same period last year, the business posted $0.20 earnings per share. The firm’s revenue was down 9.1% compared to the same quarter last year. On average, equities research analysts expect that Consolidated Communications Holdings will post $0.61 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Sunday, October 15th will be paid a $0.3874 dividend. This represents a $1.55 dividend on an annualized basis and a yield of 8.05%. The ex-dividend date of this dividend is Thursday, October 12th. Consolidated Communications Holdings’s dividend payout ratio (DPR) is presently 15,500.00%.
In other Consolidated Communications Holdings news, Director Robert J. Currey purchased 5,000 shares of the firm’s stock in a transaction on Wednesday, August 9th. The stock was bought at an average cost of $19.33 per share, for a total transaction of $96,650.00. Following the completion of the purchase, the director now owns 48,495 shares in the company, valued at approximately $937,408.35. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.00% of the company’s stock.
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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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