Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) had its price objective cut by Jefferies Group LLC from $21.00 to $19.00 in a research note released on Friday. They currently have a hold rating on the utilities provider’s stock.

CNSL has been the subject of a number of other research reports. BidaskClub upgraded shares of Consolidated Communications Holdings from a sell rating to a hold rating in a research note on Tuesday, July 25th. Cowen and Company restated a hold rating and set a $21.00 price target on shares of Consolidated Communications Holdings in a research note on Thursday, October 19th. ValuEngine upgraded shares of Consolidated Communications Holdings from a sell rating to a hold rating in a research note on Tuesday, July 25th. Finally, TheStreet lowered shares of Consolidated Communications Holdings from a c rating to a d+ rating in a research note on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and two have assigned a strong buy rating to the stock. Consolidated Communications Holdings has an average rating of Buy and a consensus price target of $22.00.

Shares of Consolidated Communications Holdings (NASDAQ CNSL) traded down $1.94 during mid-day trading on Friday, reaching $16.06. 1,874,821 shares of the company’s stock were exchanged, compared to its average volume of 406,984. The company has a market cap of $1,137.64, a price-to-earnings ratio of 45.89, a PEG ratio of 17.25 and a beta of 0.86. The company has a quick ratio of 0.72, a current ratio of 0.88 and a debt-to-equity ratio of 4.61. Consolidated Communications Holdings has a fifty-two week low of $16.03 and a fifty-two week high of $30.23.

Consolidated Communications Holdings (NASDAQ:CNSL) last announced its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.16 EPS for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.03. The business had revenue of $169.95 million during the quarter, compared to analyst estimates of $169.69 million. Consolidated Communications Holdings had a negative net margin of 3.96% and a positive return on equity of 7.43%. Consolidated Communications Holdings’s quarterly revenue was down 9.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.20 EPS. research analysts anticipate that Consolidated Communications Holdings will post 0.5 EPS for the current year.

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The company also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Monday, January 15th will be paid a $0.387 dividend. The ex-dividend date is Thursday, January 11th. This represents a $1.55 annualized dividend and a dividend yield of 9.64%. Consolidated Communications Holdings’s payout ratio is -287.03%.

In other news, Director Wayne Wilson bought 3,000 shares of Consolidated Communications Holdings stock in a transaction dated Thursday, September 14th. The stock was purchased at an average price of $17.45 per share, for a total transaction of $52,350.00. Following the purchase, the director now directly owns 50,211 shares in the company, valued at approximately $876,181.95. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Richard Anthony Lumpkin bought 5,300 shares of Consolidated Communications Holdings stock in a transaction dated Friday, August 11th. The stock was purchased at an average price of $19.17 per share, with a total value of $101,601.00. Following the purchase, the director now owns 12,667 shares in the company, valued at $242,826.39. The disclosure for this purchase can be found here. In the last quarter, insiders bought 26,688 shares of company stock valued at $495,724. Company insiders own 3.00% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BNP Paribas Arbitrage SA grew its stake in shares of Consolidated Communications Holdings by 164.2% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 41,296 shares of the utilities provider’s stock worth $788,000 after acquiring an additional 25,666 shares in the last quarter. Micawber Capital LLC bought a new stake in shares of Consolidated Communications Holdings in the 3rd quarter worth $1,065,000. Swiss National Bank grew its stake in shares of Consolidated Communications Holdings by 37.9% in the 3rd quarter. Swiss National Bank now owns 114,747 shares of the utilities provider’s stock worth $2,189,000 after acquiring an additional 31,547 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Consolidated Communications Holdings by 15.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,730,061 shares of the utilities provider’s stock worth $33,009,000 after acquiring an additional 229,836 shares in the last quarter. Finally, Prudential Financial Inc. grew its stake in shares of Consolidated Communications Holdings by 38.6% in the 3rd quarter. Prudential Financial Inc. now owns 118,274 shares of the utilities provider’s stock worth $2,257,000 after acquiring an additional 32,955 shares in the last quarter. Hedge funds and other institutional investors own 67.72% of the company’s stock.

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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