Consolidated Communications Holdings Inc (NASDAQ:CNSL) announced a quarterly dividend on Monday, October 30th, Zacks reports. Investors 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 dividend on an annualized basis and a yield of 12.05%. The ex-dividend date of this dividend is Thursday, January 11th.
Shares of Consolidated Communications (NASDAQ:CNSL) traded up $0.26 on Friday, hitting $12.85. 431,370 shares of the stock traded hands, compared to its average volume of 1,100,000. The company has a market cap of $910.24, a PE ratio of -23.80, a P/E/G ratio of 22.19 and a beta of 0.74. Consolidated Communications has a one year low of $12.03 and a one year high of $26.79. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 4.61.
In other news, Director Thomas A. Gerke bought 6,850 shares of the company’s stock in a transaction dated Tuesday, November 7th. The stock was bought at an average price of $14.63 per share, with a total value of $100,215.50. Following the completion of the acquisition, the director now owns 12,667 shares of the company’s stock, valued at $185,318.21. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Robert J. Currey bought 5,000 shares of the company’s stock in a transaction dated Tuesday, November 14th. The shares were purchased at an average cost of $13.43 per share, with a total value of $67,150.00. Following the acquisition, the director now directly owns 45,995 shares of the company’s stock, valued at approximately $617,712.85. The disclosure for this purchase can be found here. Insiders have acquired a total of 17,550 shares of company stock valued at $247,203 in the last ninety days. Insiders own 3.00% of the company’s stock.
Several equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Consolidated Communications from a “sell” rating to a “hold” rating in a research note on Monday, January 22nd. ValuEngine downgraded Consolidated Communications from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Cowen reissued a “hold” rating and issued a $21.00 price objective on shares of Consolidated Communications in a report on Thursday, October 19th. Drexel Hamilton raised Consolidated Communications from a “hold” rating to a “buy” rating in a report on Tuesday, January 2nd. They noted that the move was a valuation call. Finally, Jefferies Group cut their price objective on Consolidated Communications from $21.00 to $19.00 and set a “hold” rating for the company in a report on Friday, November 3rd. 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 given a strong buy rating to the company’s stock. Consolidated Communications has a consensus rating of “Buy” and a consensus price target of $22.00.
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About Consolidated Communications
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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