Consolidated Communications (CNSL) Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Consolidated Communications in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street 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 1-year price targets for Consolidated Communications' shares. Their CNSL share price forecasts range from $2.50 to $7.00. On average, they predict the company's stock price to reach $4.67 in the next year. This suggests a possible upside of 28.9% from the stock's current price.
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Consolidated Communications' stock was trading at $3.58 at the start of the year. Since then, CNSL stock has increased by 1.1% and is now trading at $3.62.
View the best growth stocks for 2023 here.

Consolidated Communications saw a decrease in short interest in the month of 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 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) released its quarterly earnings results on Thursday, October, 28th. The utilities provider reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.14. The utilities provider had revenue of $318.58 million for 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 number of institutional and retail investors. Top institutional investors 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 $3.62.

Consolidated Communications (NASDAQ:CNSL) has a market capitalization of $422.27 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.