Consolidated Communications Holdings Inc (NASDAQ:CNSL) Institutional Investors 2017 Q4 Sentiment

May 17, 2018 - By Tina Thibodeau

Sentiment for Consolidated Communications Holdings Inc (NASDAQ:CNSL)

Consolidated Communications Holdings Inc (NASDAQ:CNSL) institutional sentiment decreased to 1.24 in Q4 2017. Its down -2.09, from 3.33 in 2017Q3. The ratio turned negative, as 83 investment managers increased or opened new positions, while 67 cut down and sold their stock positions in Consolidated Communications Holdings Inc. The investment managers in our partner’s database reported: 50.72 million shares, down from 98.99 million shares in 2017Q3. Also, the number of investment managers holding Consolidated Communications Holdings Inc in their top 10 positions was flat from 1 to 1 for the same number . Sold All: 23 Reduced: 44 Increased: 55 New Position: 28.

Consolidated Communications Holdings, Inc., through its subsidiaries, provides various integrated communications services to business and residential customers. The company has market cap of $800.17 million. 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, carrier grade access, network capacity, cloud, data center, managed, and directory publishing services through its fiber optic network and multiple data centers, as well as engages in equipment sales activities. It has a 10.5 P/E ratio. The firm also sells and supports telecommunications equipment, such as key, private branch exchange, IP telephone systems, and other hardware solutions, as well as offers support services to medium and large business customers.

The stock increased 0.36% or $0.04 during the last trading session, reaching $11.23. About 464,905 shares traded. Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) has declined 52.89% since May 17, 2017 and is downtrending. It has underperformed by 64.44% the S&P500.

Analysts await Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) to report earnings on August, 2. They expect $-0.09 earnings per share, down 160.00 % or $0.24 from last year’s $0.15 per share. After $-0.08 actual earnings per share reported by Consolidated Communications Holdings, Inc. for the previous quarter, Wall Street now forecasts 12.50 % negative EPS growth.

New Generation Advisors Llc holds 5.4% of its portfolio in Consolidated Communications Holdings, Inc. for 720,472 shares. Private Management Group Inc owns 2.14 million shares or 1.34% of their US portfolio. Moreover, Goldentree Asset Management Lp has 1.25% invested in the company for 946,391 shares. The Illinois-based North Star Investment Management Corp. has invested 0.68% in the stock. Sirios Capital Management L P, a Massachusetts-based fund reported 1.01 million shares.

Since January 1, 0001, it had 3 insider buys, and 0 insider sales for $46,890 activity.

Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) Ratings Coverage

Ratings analysis reveals 25% of Consolidated Comms Hldgs’s analysts are positive. Out of 4 Wall Street analysts rating Consolidated Comms Hldgs, 1 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $11 while the high is $14.0. The stock’s average target of $12.67 is 12.82% above today’s ($11.23) share price. CNSL was included in 4 notes of analysts from January 2, 2018. The company was maintained on Friday, March 2 by Cowen & Co. Drexel Hamilton upgraded the shares of CNSL in report on Tuesday, January 2 to “Buy” rating. The firm earned “Hold” rating on Friday, March 2 by Jefferies.

More notable recent Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) news were published by: Globenewswire.com which released: “Consolidated Communications Launches SD-WAN” on April 30, 2018, also Seekingalpha.com with their article: “Consolidated Communications Holdings’ (CNSL) CEO Bob Udell on Q1 2018 Results – Earnings Call Transcript” published on May 05, 2018, Globenewswire.com published: “Consolidated Communications Launches DDoS Mitigation Solution” on April 23, 2018. More interesting news about Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) were released by: Prnewswire.com and their article: “Pre-Market Technical Recap on Telecom Services Stocks — BCE Inc., CenturyLink, Consolidated Communications, and …” published on May 08, 2018 as well as Nasdaq.com‘s news article titled: “Factors of Influence in 2018, Key Indicators and Opportunity within Compass Minerals International, Consolidated …” with publication date: April 26, 2018.

Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) Institutional Positions Chart

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