Consolidated Communications (CNSL) Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Consolidated Communications in the last twelve months. There are currently 2 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" CNSL shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CNSL, but not buy additional shares or sell existing shares.
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2 brokers have issued 12-month price objectives for Consolidated Communications' stock. Their CNSL share price forecasts range from $2.50 to $7.00. On average, they anticipate the company's stock price to reach $4.67 in the next year. This suggests a possible upside of 26.1% from the stock's current price.
View analysts price targets for CNSL or view top-rated stocks among Wall Street analysts.

Consolidated Communications' stock was trading at $3.58 at the start of the year. Since then, CNSL stock has increased by 3.4% and is now trading at $3.70.
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Consolidated Communications saw a decrease in short interest in May. As of May 15th, there was short interest totaling 2,380,000 shares, a decrease of 5.2% from the April 30th total of 2,510,000 shares. Based on an average daily trading volume, of 813,300 shares, the short-interest ratio is currently 2.9 days. Approximately 3.3% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
View our CNSL earnings forecast.

Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) issued its quarterly earnings results on Thursday, October, 28th. The utilities provider reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.14. The utilities provider earned $318.58 million during the quarter. Consolidated Communications had a negative trailing twelve-month return on equity of 7.43% and a net margin of 18.76%.

ETFs with the largest weight of Consolidated Communications (NASDAQ:CNSL) stock in their portfolio include Roundhill IO Digital Infrastructure ETF (BYTE), Invesco S&P SmallCap 600 Pure Value ETF (RZV), Invesco S&P SmallCap Utilities & Communication Services ETF (PSCU), Syntax Stratified SmallCap ETF (SSLY), Inspire Small/Mid Cap ETF (ISMD), Invesco S&P SmallCap 600 Revenue ETF (RWJ) and Fidelity MSCI Communication Services Index ETF (FCOM).Vanguard Communication Services ETF (VOX).

69 employees have rated Consolidated Communications Chief Executive Officer Bob Currey on Glassdoor.com. Bob Currey has an approval rating of 33% among the company's employees. This puts Bob Currey in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies. 62.0% of employees surveyed would recommend working at Consolidated Communications to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other Consolidated Communications investors own include Energy Transfer (ET), AT&T (T), Ford Motor (F), Bank of America (BAC), Lumen Technologies (LUMN), Northern Tier Energy (NTi), NVIDIA (NVDA), Antares Pharma (ATRS), Enterprise Products Partners (EPD) and Alliance Resource Partners (ARLP).

Consolidated Communications trades on the NASDAQ under the ticker symbol "CNSL."

Consolidated Communications' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (10.46%), Dimensional Fund Advisors LP (3.58%), State Street Corp (2.53%), Charles Schwab Investment Management Inc. (1.76%), Geode Capital Management LLC (1.28%) and Renaissance Technologies LLC (1.26%).
View institutional ownership trends.

Shares of CNSL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CNSL stock can currently be purchased for approximately $3.70.

Consolidated Communications (NASDAQ:CNSL) has a market capitalization of $431.61 million and generates $1.19 billion in revenue each year. The utilities provider earns $140.09 million in net income (profit) each year or $1.52 on an earnings per share basis.

The company employs 3,200 workers across the globe.

Consolidated Communications' mailing address is 121 SOUTH 17TH STREET, MATTOON IL, 61938. The official website for the company is www.consolidated.com. The utilities provider can be reached via phone at (217) 235-3311, via email at investor@consolidated.com, or via fax at 217-258-7883.