Shares of Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) have received an average recommendation of “Hold” from the twelve analysts that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $24.00.

Several equities analysts have recently weighed in on CNSL shares. Zacks Investment Research cut Consolidated Communications Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, May 30th. Citigroup Inc. upgraded Consolidated Communications Holdings from a “sell” rating to a “neutral” rating in a research report on Wednesday, June 7th. UBS AG upgraded Consolidated Communications Holdings to a “strong-buy” rating in a research report on Friday, June 9th. Raymond James Financial, Inc. upgraded Consolidated Communications Holdings from an “outperform” rating to a “strong-buy” rating and set a $26.00 price target for the company in a research report on Friday, June 9th. Finally, BidaskClub upgraded Consolidated Communications Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th.

Shares of Consolidated Communications Holdings (CNSL) traded up 1.27% on Friday, hitting $19.11. The company’s stock had a trading volume of 535,936 shares. The stock’s 50-day moving average price is $18.78 and its 200-day moving average price is $21.60. Consolidated Communications Holdings has a 52 week low of $17.41 and a 52 week high of $30.23. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 6370.00 and a beta of 0.91.

Consolidated Communications Holdings (NASDAQ:CNSL) last announced its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.03. The company had revenue of $169.95 million during the quarter, compared to analysts’ expectations of $169.69 million. Consolidated Communications Holdings had a return on equity of 15.30% and a net margin of 0.09%. The firm’s quarterly revenue was down 9.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.20 earnings per share. Equities analysts expect that Consolidated Communications Holdings will post $0.55 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Sunday, October 15th will be given a dividend of $0.3874 per share. This represents a $1.55 annualized dividend and a yield of 8.11%. The ex-dividend date is Thursday, October 12th. Consolidated Communications Holdings’s payout ratio is 15,500.00%.

In other Consolidated Communications Holdings news, Director Robert J. Currey bought 5,000 shares of Consolidated Communications Holdings stock in a transaction that occurred on Wednesday, August 9th. The stock was acquired at an average cost of $19.33 per share, for a total transaction of $96,650.00. Following the completion of the transaction, the director now directly owns 48,495 shares in the company, valued at $937,408.35. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Timothy D. Taron bought 2,500 shares of Consolidated Communications Holdings stock in a transaction that occurred on Wednesday, August 16th. The shares were acquired at an average price of $19.10 per share, with a total value of $47,750.00. Following the completion of the transaction, the director now owns 3,159 shares of the company’s stock, valued at $60,336.90. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 16,688 shares of company stock valued at $319,014. 3.00% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its position in Consolidated Communications Holdings by 97,076.8% in the first quarter. BlackRock Inc. now owns 7,040,459 shares of the utilities provider’s stock valued at $164,887,000 after buying an additional 7,033,214 shares during the last quarter. Principal Financial Group Inc. boosted its position in Consolidated Communications Holdings by 85.9% in the second quarter. Principal Financial Group Inc. now owns 1,500,225 shares of the utilities provider’s stock valued at $32,209,000 after buying an additional 693,132 shares during the last quarter. Royal Bank of Canada boosted its position in Consolidated Communications Holdings by 11.1% in the second quarter. Royal Bank of Canada now owns 6,029,890 shares of the utilities provider’s stock valued at $129,462,000 after buying an additional 601,410 shares during the last quarter. Vanguard Group Inc. boosted its position in Consolidated Communications Holdings by 7.3% in the first quarter. Vanguard Group Inc. now owns 5,607,472 shares of the utilities provider’s stock valued at $131,326,000 after buying an additional 380,770 shares during the last quarter. Finally, Citadel Advisors LLC boosted its position in Consolidated Communications Holdings by 1,855.0% in the second quarter. Citadel Advisors LLC now owns 245,705 shares of the utilities provider’s stock valued at $5,275,000 after buying an additional 259,705 shares during the last quarter. Institutional investors and hedge funds own 67.72% 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.

Analyst Recommendations for Consolidated Communications Holdings (NASDAQ:CNSL)

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