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Wednesday, December 6, 2023

Are Things Looking Up For Consolidated Communications Holdings Inc (NASDAQ: CNSL)?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Consolidated Communications Holdings Inc (CNSL) shows that investor sentiment remained same, with the stock’s consolidated last price to $4.17. The Consolidated Communications Holdings Inc has recorded 18,390 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Consolidated Communications Announces Agreement to be Acquired by Searchlight Capital Partners and British Columbia Investment Management Corporation.

Stocks Info

The company is listed on the NASDAQ and operates within the Telecom Services industry segment. At the end of the last regular session, the stock closed at $4.17 and fluctuated between $4.1800 as its day high and $4.0800 as its day low. The current market capitalization of Consolidated Communications Holdings Inc is $494.15M. A total of 0.77 million shares were traded on the day, compared to an average of 534.59K shares.

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, CNSL has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 10 BUYs and 2 SELLs from insiders. Insiders purchased 859,717 shares during that period but sold 126,816.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for CNSL in the last 3 months, the mean price target is $3.88 with high estimates of $4.00 and low estimates of $3.75. In terms of 52-week highs and lows, CNSL has a high of $5.55 and a low of $2.10.

As of this writing, CNSL has an earnings estimate of $CNS Pharmaceuticals, Inc. per share for the current quarter. EPS was calculated based on a consensus of Kinsale Capital Group, Inc. estimates, with a high estimate of $Consolidated Communications Hol per share and a lower estimate of $Carlisle Companies Incorporated.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. CNSL’s latest balance sheet shows that the firm has $210.44M in Cash & Short Term Investments as of fiscal 2021. There were $2.13B in debt and $285.55M in liabilities at the time. Its Book Value Per Share was $4.64, while its Total Shareholder’s Equity was $836.38M.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CNSL is Buy with a score of 3.00.

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