Media coverage about Consolidated Communications (NASDAQ:CNSL) has been trending somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Consolidated Communications earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave headlines about the utilities provider an impact score of 45.6991926377413 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news headlines that may have impacted Accern’s analysis:
Shares of NASDAQ:CNSL opened at $11.06 on Tuesday. Consolidated Communications has a 52 week low of $10.31 and a 52 week high of $24.80. The firm has a market capitalization of $771.47, a price-to-earnings ratio of 42.54, a price-to-earnings-growth ratio of 98.20 and a beta of 0.75. The company has a debt-to-equity ratio of 4.03, a current ratio of 0.83 and a quick ratio of 0.83.
Consolidated Communications (NASDAQ:CNSL) last issued its quarterly earnings data on Thursday, March 1st. The utilities provider reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.06). Consolidated Communications had a return on equity of 2.83% and a net margin of 6.13%. The business had revenue of $356.40 million during the quarter, compared to analysts’ expectations of $356.72 million. During the same period in the previous year, the business earned $0.11 earnings per share. The business’s quarterly revenue was down 4.8% on a year-over-year basis. research analysts expect that Consolidated Communications will post 0.06 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 1st. Shareholders of record on Sunday, April 15th will be paid a $0.3874 dividend. This is a boost from Consolidated Communications’s previous quarterly dividend of $0.39. This represents a $1.55 dividend on an annualized basis and a dividend yield of 14.01%. The ex-dividend date of this dividend is Thursday, April 12th. Consolidated Communications’s dividend payout ratio (DPR) is presently 596.15%.
Several equities analysts recently weighed in on the stock. ValuEngine cut shares of Consolidated Communications from a “sell” rating to a “strong sell” rating in a research note on Thursday, April 12th. BidaskClub cut shares of Consolidated Communications from a “sell” rating to a “strong sell” rating in a research note on Wednesday, March 21st. Guggenheim assumed coverage on shares of Consolidated Communications in a research note on Tuesday, March 13th. They set a “neutral” rating and a $11.00 target price for the company. Zacks Investment Research raised shares of Consolidated Communications from a “sell” rating to a “hold” rating in a research note on Monday, March 5th. Finally, TheStreet raised shares of Consolidated Communications from a “d+” rating to a “c” rating in a research note on Thursday, March 1st. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, one has given a buy rating and two have given a strong buy rating to the stock. Consolidated Communications presently has an average rating of “Hold” and an average target price of $17.50.
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Consolidated Communications Company Profile
Consolidated Communications Holdings, Inc, through its subsidiaries, provides various integrated communications services to business and residential customers in the United States. It offers a range of communication services and products that include local and long-distance, high-speed broadband Internet access, video, voice over Internet protocol, private line, custom calling features, security, cloud, data center, managed and IT, and directory publishing services, as well as engages in equipment sales activities.
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