Consolidated Communications Holdings Inc (NASDAQ:CNSL) declared a quarterly dividend on Monday, October 30th, Zacks reports. Stockholders of record on Monday, January 15th will be given a dividend of 0.387 per share by the utilities provider on Thursday, February 1st. This represents a $1.55 annualized dividend and a dividend yield of 12.19%. The ex-dividend date is Thursday, January 11th.
Consolidated Communications (CNSL) traded up $0.25 during midday trading on Friday, hitting $12.70. The stock had a trading volume of 918,069 shares, compared to its average volume of 1,280,000. The stock has a market capitalization of $899.62, a P/E ratio of -23.52, a PEG ratio of 21.94 and a beta of 0.74. Consolidated Communications has a 1-year low of $12.03 and a 1-year high of $26.79. The company has a debt-to-equity ratio of 4.61, a quick ratio of 0.88 and a current ratio of 0.88.
In other Consolidated Communications news, Director Robert J. Currey bought 5,000 shares of the business’s stock in a transaction on Tuesday, November 14th. The stock was bought at an average price of $13.43 per share, with a total value of $67,150.00. Following the completion of the purchase, the director now directly owns 45,995 shares in the company, valued at $617,712.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas A. Gerke bought 6,850 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were acquired at an average cost of $14.63 per share, with a total value of $100,215.50. Following the purchase, the director now owns 12,667 shares of the company’s stock, valued at $185,318.21. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 17,550 shares of company stock valued at $247,203. Insiders own 3.00% of the company’s stock.
CNSL has been the topic of several research reports. Jefferies Group decreased their target price on Consolidated Communications from $21.00 to $19.00 and set a “hold” rating on the stock in a research report on Friday, November 3rd. Drexel Hamilton upgraded Consolidated Communications from a “hold” rating to a “buy” rating in a research report on Tuesday, January 2nd. They noted that the move was a valuation call. ValuEngine cut Consolidated Communications from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Zacks Investment Research cut Consolidated Communications from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. Finally, Cowen reaffirmed a “hold” rating and issued a $21.00 price target on shares of Consolidated Communications in a report on Thursday, October 19th. One analyst has rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and two have issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $22.00.
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Consolidated Communications 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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