ValuEngine upgraded shares of Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) from a sell rating to a hold rating in a research report released on Tuesday morning.

Several other equities research analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Consolidated Communications Holdings from a hold rating to a sell rating in a research note on Tuesday, May 30th. Raymond James Financial, Inc. upgraded shares of Consolidated Communications Holdings from an outperform rating to a strong-buy rating and set a $26.00 target price for the company in a research note on Friday, June 9th. BidaskClub downgraded shares of Consolidated Communications Holdings from a hold rating to a sell rating in a research note on Thursday, June 22nd. Wells Fargo & Company reiterated an outperform rating on shares of Consolidated Communications Holdings in a research note on Wednesday, March 29th. Finally, Citigroup Inc. upgraded shares of Consolidated Communications Holdings from a sell rating to a neutral rating in a research note on Wednesday, June 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $24.50.

Consolidated Communications Holdings (NASDAQ CNSL) traded down 1.41% during trading on Tuesday, hitting $18.15. The company’s stock had a trading volume of 537,792 shares. The company has a 50-day moving average of $19.90 and a 200 day moving average of $22.60. Consolidated Communications Holdings has a one year low of $17.41 and a one year high of $30.23. The firm has a market cap of $920.80 million, a PE ratio of 307.63 and a beta of 0.95.

Consolidated Communications Holdings (NASDAQ:CNSL) last announced its earnings results on Thursday, May 4th. The utilities provider reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.15 by $0.04. Consolidated Communications Holdings had a return on equity of 14.49% and a net margin of 0.48%. The business had revenue of $169.90 million for the quarter, compared to analyst estimates of $171.22 million. During the same quarter last year, the company posted $0.19 EPS. Consolidated Communications Holdings’s quarterly revenue was down 10.0% on a year-over-year basis. On average, equities analysts forecast that Consolidated Communications Holdings will post $0.52 earnings per share for the current year.

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The company also recently disclosed 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 is Wednesday, July 12th. This represents a $1.55 dividend on an annualized basis and a yield of 8.54%. Consolidated Communications Holdings’s payout ratio is currently 2,214.29%.

A number of large investors have recently made changes to their positions in CNSL. Renaissance Technologies LLC increased its stake in shares of Consolidated Communications Holdings by 127.9% in the fourth quarter. Renaissance Technologies LLC now owns 101,394 shares of the utilities provider’s stock worth $2,722,000 after buying an additional 56,900 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Consolidated Communications Holdings by 0.9% in the fourth quarter. AQR Capital Management LLC now owns 15,345 shares of the utilities provider’s stock worth $412,000 after buying an additional 130 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Consolidated Communications Holdings by 6.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 27,440 shares of the utilities provider’s stock worth $737,000 after buying an additional 1,620 shares during the last quarter. Norges Bank purchased a new stake in shares of Consolidated Communications Holdings during the fourth quarter worth approximately $14,189,000. Finally, Teachers Advisors LLC increased its stake in shares of Consolidated Communications Holdings by 2.2% in the fourth quarter. Teachers Advisors LLC now owns 85,546 shares of the utilities provider’s stock worth $2,297,000 after buying an additional 1,814 shares during the last quarter. Hedge funds and other institutional investors own 67.51% 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Consolidated Communications Holdings (NASDAQ:CNSL)

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