NASDAQ:CNSL

Consolidated Communications - CNSL Stock Forecast, Price & News

$4.20

-0.11 (-2.55%)

(As of 12/6/2022 12:00 AM ET)

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Today's Range: $4.14
▼
$4.32
50-Day Range: $4.14
▼
$5.35
52-Week Range: $4.09
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$8.49

Volume: 364,892 shs
Average Volume: 407,487 shs
Market Capitalization: $484.66 million

P/E Ratio: 3.11
Dividend Yield: N/A
Price Target: $5.50

Consolidated Communications MarketRank™ Forecast

Analyst Rating: Hold
1.50 Rating Score
Upside/Downside: 31.0% Upside
$5.50 Price Target
Short Interest: Healthy
2.63% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.82
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.26 out of 5 stars

Utilities Sector

42nd out of 87 stocks

Telephone Communication, Except Radio Industry

14th out of 28 stocks

2.8

Analyst's Opinion

Consensus Rating
Consolidated Communications has received a consensus rating of Hold. The company's average rating score is 1.50, and is based on no buy ratings, 1 hold rating, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $5.50, Consolidated Communications has a forecasted upside of 31.0% from its current price of $4.20.
Amount of Analyst Coverage
Consolidated Communications has only been the subject of 1 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
2.63% of the float of Consolidated Communications has been sold short.
Short Interest Ratio / Days to Cover
Consolidated Communications has a short interest ratio ("days to cover") of 6.2.
Change versus previous month
Short interest in Consolidated Communications has recently decreased by 23.90%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Consolidated Communications does not currently pay a dividend.
Dividend Growth
Consolidated Communications does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CNSL.

2.7

News and Social Media Coverage

News Sentiment
Consolidated Communications has a news sentiment score of 0.82. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.45 average news sentiment score of Utilities companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Consolidated Communications this week, compared to 1 article on an average week.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Consolidated Communications insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.50% of the stock of Consolidated Communications is held by insiders.
Percentage Held by Institutions
81.05% of the stock of Consolidated Communications is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Consolidated Communications is 3.11, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.45.
Price to Earnings Ratio vs. Sector
The P/E ratio of Consolidated Communications is 3.11, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 129.29.
Price to Book Value per Share Ratio
Consolidated Communications has a P/B Ratio of 0.76. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Consolidated Communications (NASDAQ:CNSL) Stock

Consolidated Communications Holdings, Inc., together with its subsidiaries, provides broadband and business communication solutions for consumer, commercial, and carrier channels in the United States. It offers high-speed broadband Internet access and voice over Internet protocol (VoIP) phone services; commercial data connectivity services in various markets, including Ethernet services, private line data services, software defined wide area network, and multi-protocol label switching services; networking services; cloud-based services; data center and disaster recovery solutions; and wholesale services to regional and national interexchange, and wireless carriers comprising cellular backhaul and other fiber transport solutions. The company also provides voice services, such as local phone and long-distance services; and sells business equipment, as well as offers related hardware and maintenance support, video, and other miscellaneous services. In addition, it offers video services, which consist of high-definition television, digital video recorders (DVR), and/or a whole home DVR; and on-demand streaming TV services that provide endless entertainment options. Further, the company provides network access services that include interstate and intrastate switched access, network special access, and end user access; and telephone directory publishing, video advertising, billing and support, and other miscellaneous services. Consolidated Communications Holdings, Inc. was founded in 1894 and is headquartered in Mattoon, Illinois.

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CNSL Stock News Headlines

December 3, 2022 | finance.yahoo.com

Consolidated Communications Announces Inducement Grants Under NASDAQ Listing Rule 5635(C)(4)

December 1, 2022 | finance.yahoo.com

Consolidated Communications Closes on Sale of its Kansas City Assets

November 29, 2022 | markets.businessinsider.com

Consolidated Communications Appoints Fred Graffam As New CFO

November 29, 2022 | finance.yahoo.com

Consolidated Communications Announces CFO Transition

November 23, 2022 | finance.yahoo.com

Consolidated Communications Announces Extension of Revolving Credit Facility

November 9, 2022 | finance.yahoo.com

Celebrating One Year of Better Internet: The Fidium Truck is Coming Your Way

November 8, 2022 | finance.yahoo.com

Consolidated Communications Signs Multi-Year Deal with Synchronoss to Power Wholesale Channel

November 1, 2022 | seekingalpha.com

Consolidated Communications Holdings, Inc. (CNSL) Q3 2022 Earnings Call Transcript

November 1, 2022 | finance.yahoo.com

Consolidated Communications Reports Record Fiber Adds and Third Quarter 2022 Results

October 26, 2022 | tmcnet.com

Passwords and People are the Biggest Risks to Businesses' Cyber Security, says Consolidated Communications' Head of Network Security

October 26, 2022 | finance.yahoo.com

Passwords and People are the Biggest Risks to Businesses’ Cyber Security, says Consolidated Communications’ Head of Network Security

October 19, 2022 | finance.yahoo.com

Southern Vermont Communications Union District Wins $9 Million Grant to Expand Fiber in Southwest Vermont

October 5, 2022 | finance.yahoo.com

Consolidated Communications to Release Third Quarter 2022 Earnings on Nov. 1

September 30, 2022 | seekingalpha.com

CNSL Consolidated Communications Holdings, Inc.

September 22, 2022 | finance.yahoo.com

Fidium Advances Fiber in Maine by 50 Percent

September 21, 2022 | finance.yahoo.com

Manchester, N.H. Ranks in Top Five College Towns with Fastest Broadband Speeds, Thanks to Fidium

September 13, 2022 | finance.yahoo.com

Consolidated Communications Completes Sale of Wireless Investments

September 10, 2022 | nasdaq.com

Investors in Consolidated Communications Holdings (NASDAQ:CNSL) have unfortunately lost 58% over the last five years

September 1, 2022 | finance.yahoo.com

Consolidated Connects Now Accepting Educational Grant Applications

August 22, 2022 | seekingalpha.com

Consolidated Communications Goes All In On Fiber

August 7, 2022 | seekingalpha.com

Consolidated Communications Holdings, Inc.'s (CNSL) CEO Bob Udell on Q2 2022 Results - Earnings Call Transcript

August 4, 2022 | finance.yahoo.com

Consolidated Communications Holdings (CNSL) Q2 2022 Earnings Call Transcript

August 4, 2022 | finance.yahoo.com

Fidium Fiber Delivers 2-Gig Service for Southern Vermont CUD

August 1, 2022 | investing.com

Consolidated Communications Shares Soar 16% on Sale of Wireless Investments to Verizon for $490M

July 30, 2022 | benzinga.com

Consolidated to Present at Cowen Communications...

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30 days | 90 days | 365 days | Advanced Chart

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CNSL Company Calendar

Last Earnings: 10/28/2021
Today: 12/06/2022
Fiscal Year End: 12/31/2022
Next Earnings (Estimated): 3/02/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Telephone communication, except radio
Sub-Industry: Integrated Telecommunication Services
Sector: Utilities
Current Symbol: NASDAQ:CNSL
CUSIP: 20903410
CIK: 1304421
Web: www.consolidated.com
Phone: (217) 235-3311
Fax: 217-258-7883
Employees: 3,200
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $5.50
High Stock Price Forecast: $7.00
Low Stock Price Forecast: $4.00
Forecasted Upside/Downside: +31.0%
Consensus Rating: Hold
Rating Score (0-4): 1.50
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.35
Trailing P/E Ratio: 3.11
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-107,080,000.00
Net Margins: 15.70%
Pretax Margin: -9.04%
Return on Equity: 1.96%
Return on Assets: 0.28%

Debt

Debt-to-Equity Ratio: 2.98
Current Ratio: 2.42
Quick Ratio: 2.42

Sales & Book Value

Annual Sales: $1.28 billion
Price / Sales: 0.38
Cash Flow: $3.41 per share
Price / Cash Flow: 1.23
Book Value: $5.55 per share
Price / Book: 0.76

Miscellaneous

Outstanding Shares: 115,396,000
Free Float: 113,665,000
Market Cap: $484.66 million
Optionable: Optionable
Beta: 1.10

Key Executives

Mr. C. Robert Udell Jr. (Age 56)
Pres, CEO & Director
Comp: $1.22M

Mr. Steven L. Childers (Age 66)
Advisor
Comp: $680.39k

Mr. Fred Albert Graffam III (Age 56)
Exec. VP & CFO

Mr. Gabe Waggoner
Exec. VP of Operations

Mr. Tom White
Chief Technology Officer

Ms. Jennifer M. Spaude
Sr. VP of Corp. Communications & Investor Relations

Mr. J. Garrett Van Osdell
Chief Legal Officer, Gen. Counsel & Corp. Sec.

Mr. John Joseph Lunny (Age 58)
Chief of Information Technology

Mr. Erik Garr
Exec. VP & Pres of Consumer-SMB Bus. Unit

Mr. David Herrick
VP & Controller

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CNSL Stock - Frequently Asked Questions

Should I buy or sell Consolidated Communications stock right now?: 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Consolidated Communications in the last twelve months. There are currently 1 sell rating and 1 hold rating 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.
View CNSL analyst ratings or view top-rated stocks.
What is Consolidated Communications' stock price forecast for 2023?: 2 equities research analysts have issued 12-month price objectives for Consolidated Communications' shares. Their CNSL share price forecasts range from $4.00 to $7.00. On average, they anticipate the company's stock price to reach $5.50 in the next twelve months. This suggests a possible upside of 31.0% from the stock's current price.
View analysts price targets for CNSL or view top-rated stocks among Wall Street analysts.
How have CNSL shares performed in 2022?: Consolidated Communications' stock was trading at $7.48 at the beginning of 2022. Since then, CNSL stock has decreased by 43.9% and is now trading at $4.20.
View the best growth stocks for 2022 here.
Are investors shorting Consolidated Communications?: Consolidated Communications saw a decrease in short interest in the month of November. As of November 15th, there was short interest totaling 1,910,000 shares, a decrease of 23.9% from the October 31st total of 2,510,000 shares. Based on an average trading volume of 306,800 shares, the short-interest ratio is presently 6.2 days. Currently, 2.6% of the company's shares are sold short.
View Consolidated Communications' Short Interest.
When is Consolidated Communications' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, March 2nd 2023.
View our CNSL earnings forecast.
How were Consolidated Communications' earnings last quarter?: Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) posted its earnings results on Thursday, October, 28th. The utilities provider reported $0.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.04 by $0.14. The utilities provider earned $318.58 million during the quarter. Consolidated Communications had a net margin of 15.70% and a trailing twelve-month return on equity of 1.96%.

What is Bob Currey's approval rating as Consolidated Communications' CEO?: 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.
What other stocks do shareholders of Consolidated Communications own?: 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).
What is Consolidated Communications' stock symbol?: Consolidated Communications trades on the NASDAQ under the ticker symbol "CNSL."
Who are Consolidated Communications' major shareholders?: Consolidated Communications' stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (10.12%), Vanguard Group Inc. (5.26%), Dimensional Fund Advisors LP (3.91%), State Street Corp (2.41%), Private Management Group Inc. (1.68%) and Renaissance Technologies LLC (1.39%).
View institutional ownership trends.
How do I buy shares of Consolidated Communications?: 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.
Compare Top Brokerages Here.
What is Consolidated Communications' stock price today?: One share of CNSL stock can currently be purchased for approximately $4.20.
How much money does Consolidated Communications make?: Consolidated Communications (NASDAQ:CNSL) has a market capitalization of $484.66 million and generates $1.28 billion in revenue each year. The utilities provider earns $-107,080,000.00 in net income (profit) each year or $1.35 on an earnings per share basis.
How many employees does Consolidated Communications have?: The company employs 3,200 workers across the globe.
How can I contact Consolidated Communications?: 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.

This page (NASDAQ:CNSL) was last updated on 12/7/2022 by MarketBeat.com Staff

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