Consolidated Communications - CNSL Stock Forecast, Price & News

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.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. StockNews.com cut Consolidated Communications from a "hold" rating to a "sell" rating in a research report on Monday, July 18th. Citigroup cut shares of Consolidated Communications from a "neutral" rating to a "sell" rating and set a $5.00 target price on the stock. in a research note on Thursday, July 7th. TheStreet lowered shares of Consolidated Communications from a "c-" rating to a "d+" rating in a research report on Friday, May 6th. Finally, Wells Fargo & Company increased their price objective on Consolidated Communications from $6.00 to $7.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 4th.

Consolidated Communications Price Performance

Shares of CNSL Stock traded down $0.07 during trading on Friday, hitting $6.25. The company had a trading volume of 242,959 shares, compared to its average volume of 457,211. The stock's 50-day moving average is $6.90 and its two-hundred day moving average is $6.56. The stock has a market capitalization of $721.23 million, a price-to-earnings ratio of -5.50 and a beta of 0.89. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 4.98. Consolidated Communications has a 52 week low of $4.51 and a 52 week high of $9.70.

Consolidated Communications (NASDAQ:CNSL - Get Rating) last released its quarterly earnings results on Tuesday, August 2nd. The utilities provider reported $0.01 EPS for the quarter, topping analysts' consensus estimates of ($0.02) by $0.03. Consolidated Communications had a negative net margin of 8.64% and a positive return on equity of 6.08%.