Consolidated Communications Holdings Inc [NASDAQ: CNSL] jumped around 0.01 points on Tuesday, while shares priced at $4.71 at the close of the session, up 0.21%.
Compared to the average trading volume of 716.51K shares, CNSL reached a trading volume of 2088108 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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What do top market gurus say about Consolidated Communications Holdings Inc [CNSL]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CNSL shares is $4.35 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CNSL stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Citigroup have made an estimate for Consolidated Communications Holdings Inc shares, keeping their opinion on the stock as Sell, with their previous recommendation back on July 07, 2022. While these analysts kept the previous recommendation, Citigroup raised their target price from $4 to $5. The new note on the price target was released on March 08, 2022, representing the official price target for Consolidated Communications Holdings Inc stock. Previously, the target price had yet another drop from $8 to $4, while Citigroup kept a Sell rating on CNSL stock.
The Average True Range (ATR) for Consolidated Communications Holdings Inc is set at 0.02, with the Price to Sales ratio for CNSL stock in the period of the last 12 months amounting to 0.51. The Price to Book ratio for the last quarter was 2.46, with the Price to Cash per share for the same quarter was set at 0.37.
How has CNSL stock performed recently?
Consolidated Communications Holdings Inc [CNSL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.64. With this latest performance, CNSL shares gained by 1.73% in over the last four-week period, additionally plugging by 8.28% over the last 6 months – not to mention a rise of 4.90% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CNSL stock in for the last two-week period is set at 63.95, with the RSI for the last a single of trading hit 65.47, and the three-weeks RSI is set at 62.73 for Consolidated Communications Holdings Inc [CNSL]. The present Moving Average for the last 50 days of trading for this stock 4.66, while it was recorded at 4.69 for the last single week of trading, and 4.49 for the last 200 days.
Consolidated Communications Holdings Inc [CNSL]: Deeper insight into the fundamentals
Consolidated Communications Holdings Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.76 and a Current Ratio set at 0.76.
Earnings analysis for Consolidated Communications Holdings Inc [CNSL]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CNSL. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Consolidated Communications Holdings Inc go to 2.00%.
Insider trade positions for Consolidated Communications Holdings Inc [CNSL]
There are presently around $82.03%, or 84.01%% of CNSL stock, in the hands of institutional investors. The top three institutional holders of CNSL stocks are: SEARCHLIGHT CAPITAL PARTNERS, L.P. with ownership of 39.43 million shares, which is approximately 34.544%. BLACKROCK INC., holding 11.73 million shares of the stock with an approximate value of $$51.6 million in CNSL stocks shares; and BLACKROCK INC., currently with $$23.24 million in CNSL stock with ownership which is approximately 4.6278%.
