Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Consolidated Communications (CNSL) Share Price

Media stories about Consolidated Communications (NASDAQ:CNSL) have trended somewhat positive on Sunday, according to Accern Sentiment. The research firm ranks the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Consolidated Communications earned a news impact score of 0.17 on Accern’s scale. Accern also assigned news articles about the utilities provider an impact score of 45.7879917661317 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

These are some of the media stories that may have impacted Accern Sentiment’s scoring:

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CNSL stock opened at $10.97 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 4.03. The company has a market capitalization of $776.42, a P/E ratio of 42.19, a P/E/G ratio of 161.72 and a beta of 0.75. Consolidated Communications has a 1-year low of $10.31 and a 1-year high of $24.80.

Consolidated Communications (NASDAQ:CNSL) last posted its quarterly earnings data on Thursday, March 1st. The utilities provider reported ($0.04) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.06). The company had revenue of $356.40 million during the quarter, compared to the consensus estimate of $356.72 million. Consolidated Communications had a return on equity of 2.83% and a net margin of 6.13%. The firm’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter last year, the company posted $0.11 earnings per share. sell-side analysts predict that Consolidated Communications will post 0.04 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 1st. Investors of record on Sunday, April 15th will be given a $0.3874 dividend. This represents a $1.55 annualized dividend and a dividend yield of 14.13%. This is a boost from Consolidated Communications’s previous quarterly dividend of $0.39. The ex-dividend date is Thursday, April 12th. Consolidated Communications’s dividend payout ratio is 596.15%.

CNSL has been the topic of several analyst reports. ValuEngine cut Consolidated Communications from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Drexel Hamilton upgraded shares of Consolidated Communications from a “hold” rating to a “buy” rating in a research report on Tuesday, January 2nd. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Consolidated Communications from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. BidaskClub upgraded shares of Consolidated Communications from a “strong sell” rating to a “sell” rating in a research report on Wednesday, February 28th. Finally, Cowen restated a “hold” rating and issued a $14.00 price objective on shares of Consolidated Communications in a research report on Friday, March 2nd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $17.50.

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About Consolidated Communications

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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