News coverage about Consolidated Communications Holdings (NASDAQ:CNSL) has been trending somewhat positive on Saturday, Accern reports. The research group identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Consolidated Communications Holdings earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news stories about the utilities provider an impact score of 45.8894161787914 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Volunteer registration open for Special Olympics Family Festival – Journal Gazette and Times-Courier (jg-tc.com)
- Consolidated Communications Holdings Inc (CNSL) Reaches Active Mover List – Sparta Review (spartareview.com)
- Spotting the Levels For Consolidated Communications Holdings Inc (CNSL) – Danville Daily (danvilledaily.com)
- ETFs with exposure to Consolidated Communications Holdings, Inc. : August 18, 2017 (finance.yahoo.com)
- Insider Buying: Consolidated Communications Holdings, Inc. (CNSL) Director Acquires 1,000 Shares of Stock (americanbankingnews.com)
Shares of Consolidated Communications Holdings (CNSL) traded up 0.21% during mid-day trading on Friday, hitting $18.68. The stock had a trading volume of 424,819 shares. Consolidated Communications Holdings has a 52-week low of $17.41 and a 52-week high of $30.23. The stock’s 50-day moving average price is $19.11 and its 200-day moving average price is $21.85. The firm has a market cap of $1.32 billion, a PE ratio of 6226.67 and a beta of 0.91.
Consolidated Communications Holdings (NASDAQ:CNSL) last issued its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.16 EPS for the quarter, topping 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 firm had revenue of $169.95 million for the quarter, compared to analysts’ expectations of $169.69 million. During the same period in the previous year, the firm posted $0.20 EPS. The business’s revenue for the quarter was down 9.1% compared to the same quarter last year. On average, analysts anticipate that Consolidated Communications Holdings will post $0.55 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Sunday, October 15th will be given a $0.3874 dividend. The ex-dividend date is Thursday, October 12th. This represents a $1.55 dividend on an annualized basis and a dividend yield of 8.30%. Consolidated Communications Holdings’s dividend payout ratio is currently 15,500.00%.
Several brokerages have issued reports on CNSL. BidaskClub upgraded Consolidated Communications Holdings from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. TheStreet lowered 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 raised Consolidated Communications Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, Zacks Investment Research raised Consolidated Communications Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $25.60.
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In other news, Director Richard Anthony Lumpkin acquired 5,300 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The stock was bought at an average cost of $19.17 per share, for a total transaction of $101,601.00. Following the acquisition, the director now directly owns 12,667 shares in the company, valued at $242,826.39. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Timothy D. Taron acquired 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The stock was purchased at an average price of $19.10 per share, with a total value of $47,750.00. Following the completion of the acquisition, the director now owns 3,159 shares in the company, valued at $60,336.90. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 14,800 shares of company stock valued at $283,701. 3.00% of the stock is owned by company insiders.
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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