Somewhat Positive Press Coverage Somewhat Unlikely to Impact Consolidated Communications Holdings (NASDAQ:CNSL) Share Price

Media headlines about Consolidated Communications Holdings (NASDAQ:CNSL) have trended somewhat positive on Saturday, according to Accern. The research firm ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Consolidated Communications Holdings earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news headlines about the utilities provider an impact score of 45.8894161787914 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

These are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:

Consolidated Communications Holdings (NASDAQ CNSL) traded up 0.21% during mid-day trading on Friday, hitting $18.68. The stock had a trading volume of 424,819 shares. The stock’s 50 day moving average price is $19.11 and its 200 day moving average price is $21.85. Consolidated Communications Holdings has a one year low of $17.41 and a one year high of $30.23. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 6226.67 and a beta of 0.91.

Consolidated Communications Holdings (NASDAQ:CNSL) last announced its earnings results on Thursday, August 3rd. The utilities provider reported $0.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.03. The company had revenue of $169.95 million for the quarter, compared to analyst estimates of $169.69 million. Consolidated Communications Holdings had a return on equity of 15.30% and a net margin of 0.09%. The firm’s quarterly revenue was down 9.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.20 earnings per share. Analysts forecast that Consolidated Communications Holdings will post $0.55 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Sunday, October 15th will be paid a dividend of $0.3874 per share. The ex-dividend date is Thursday, October 12th. This represents a $1.55 dividend on an annualized basis and a dividend yield of 8.30%. Consolidated Communications Holdings’s dividend payout ratio (DPR) is currently 15,500.00%.

Several brokerages have commented on CNSL. UBS AG raised Consolidated Communications Holdings to a “strong-buy” rating in a research report on Friday, June 9th. TheStreet downgraded Consolidated Communications Holdings from a “c” rating to a “d+” rating in a research report on Thursday, August 3rd. BidaskClub raised Consolidated Communications Holdings from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Citigroup Inc. raised Consolidated Communications Holdings from a “sell” rating to a “neutral” rating in a research report on Wednesday, June 7th. Finally, Cowen and Company reaffirmed a “hold” rating and issued a $22.00 price target on shares of Consolidated Communications Holdings in a research report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the stock. Consolidated Communications Holdings has a consensus rating of “Hold” and a consensus price target of $25.60.

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In related news, Director Timothy D. Taron acquired 2,500 shares of the stock in a transaction on Wednesday, August 16th. The shares were purchased at an average price of $19.10 per share, for a total transaction of $47,750.00. Following the purchase, the director now directly owns 3,159 shares in the company, valued at $60,336.90. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Richard Anthony Lumpkin acquired 5,300 shares of the stock in a transaction on Friday, August 11th. The shares were bought at an average price of $19.17 per share, for a total transaction of $101,601.00. Following the purchase, the director now owns 12,667 shares in the company, valued at $242,826.39. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 14,800 shares of company stock worth $283,701. 3.00% of the stock is owned by corporate insiders.

About Consolidated Communications Holdings

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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