Consolidated Comms upgraded by Citigroup with a new price target
$CNSL
Telecommunications Equipment
Telecommunications
Citigroup upgraded Consolidated Comms from Sell to Neutral and set a new price target of $8.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/7/2022 | $5.00 | Neutral → Sell | Citigroup |
| 3/8/2022 | $4.00 → $5.00 | Sell → Neutral | Citigroup |
| 3/4/2022 | $9.00 → $6.00 | Overweight → Equal-Weight | Wells Fargo |
| 3/4/2022 | $8.00 → $4.00 | Neutral → Sell | Citigroup |
| 10/29/2021 | Sell → Neutral | Citigroup | |
| 10/29/2021 | $8.00 | Sell → Neutral | Citigroup |
| 10/19/2021 | $8.00 | Neutral → Sell | Citigroup |
| 10/19/2021 | Neutral → Sell | Citigroup |
Citigroup downgraded Consolidated Comms from Neutral to Sell and set a new price target of $5.00
Citigroup upgraded Consolidated Comms Hldgs from Sell to Neutral and set a new price target of $5.00 from $4.00 previously
Wells Fargo downgraded Consolidated Comms Hldgs from Overweight to Equal-Weight and set a new price target of $6.00 from $9.00 previously
4 - Consolidated Communications Holdings, Inc. (0001304421) (Issuer)
4 - Consolidated Communications Holdings, Inc. (0001304421) (Issuer)
4 - Consolidated Communications Holdings, Inc. (0001304421) (Issuer)
8-K - Consolidated Communications Holdings, Inc. (0001304421) (Filer)
8-K - Consolidated Communications Holdings, Inc. (0001304421) (Filer)
10-Q - Consolidated Communications Holdings, Inc. (0001304421) (Filer)
SC 13D/A - Consolidated Communications Holdings, Inc. (0001304421) (Subject)
SC 13G/A - Consolidated Communications Holdings, Inc. (0001304421) (Subject)
SC 13D/A - Consolidated Communications Holdings, Inc. (0001304421) (Subject)
Consolidated Comms Hldgs (NASDAQ:CNSL) reported quarterly losses of $(0.27) per share which beat the analyst consensus estimate of $(0.43) by 37.21 percent. The company reported quarterly sales of $274.675 million which beat the analyst consensus estimate of $274.596 million by 0.03 percent. This is a 0.53 percent decrease over sales of $276.126 million the same period last year.
U.S. stocks traded lower toward the end of trading, with the Dow Jones falling around 350 points on Tuesday. The Dow traded down 0.91% to 38,633.24 while the NASDAQ fell 1.85% to 15,906.92. The S&P 500 also fell, dropping, 1.05% to 5,076.98. Check This Out: Jim Cramer: This Semiconductor Company Is 'Too Late To Auto,' But Super Micro Is 'Too Hot' Leading and Lagging Sectors Energy shares rose by 1.3% on Tuesday. In trading on Tuesday, information technology shares fell by 2.2%. Top Headline Consolidated Communications Holdings Inc (NASDAQ:CNSL) posted a narrower-than-expected loss for its fourth quarter. The company reported a fourth-quarter fiscal 2023 revenue decline
Consolidated Communications Holdings Inc (NASDAQ:CNSL) reported a fourth-quarter fiscal 2023 revenue decline of 7.0% year-on-year to $275.2 million, missing the analyst consensus of $276.9 million. Adjusted EPS loss of $(0.26) beat the analyst consensus loss of $(0.36). Revenue from the Consumer segment declined 1.2% Y/Y to $ 113.85 million as growth in Broadband was offset by a decline in Voice and Video services. Due to Data and Voice services decline, Commercial segment revenue decreased 5.4% Y/Y to $96.21 million. Carrier segment revenue declined 7.8% Y/Y to $34.82 million due to Data and Voice services decline. Adjusted EBITDA declined 14.7% Y/Y to $86.7 million. The marg
Stoll's history of success affirms the company's commitment to growing commercial and carrier fiber solutions Consolidated Communications (NASDAQ:CNSL), a leading Fiber-to-the-Premise (FttP) broadband provider, today announced Dan Stoll as president of the Company's commercial and carrier business. Stoll will oversee Consolidated's commercial and carrier go-to-market strategy including: sales, delivery, customer support, and related development and expansion of the Company's fiber network. Michael Smith, who previously served as president of the commercial and carrier business, is retiring from the Company after 30 successful years of service. This press release features multimedia. View t
Fred Graffam named Executive Vice President and Chief Financial Officer Consolidated Communications (NASDAQ:CNSL), a leading Fiber-to-the-Premise (FttP) broadband provider, today announced the appointment of Fred Graffam as executive vice president and chief financial officer effective Dec. 1, 2022. After a distinguished career within the telecommunications industry, Steve Childers will transition from chief financial officer to an advisory role until Dec. 31, 2022 to ensure a smooth transition. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221129005252/en/Fred Graffam, Chief Financial Officer, Consolidated Communications. (Pho
Consolidated Communications (NASDAQ:CNSL) (the "Company") will release its third quarter 2024 financial results on Tuesday, Nov. 5 before the market opens. The Company's third quarter 2024 earnings press release will be available on its investor relations website at https://ir.consolidated.com/. In light of the pending acquisition of the Company by affiliates of Searchlight Capital Partners, L.P. and British Columbia Investment Management Corporation, Consolidated will not host an earnings conference call. About Consolidated Communications Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) is dedicated to moving people, businesses and communities forward by delivering the most rel
Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) (the "Company" or "Consolidated"), a top 10 fiber provider in the U.S., today reported results for second quarter 2024. Second Quarter 2024 Results Revenue totaled $268.7 million Overall consumer revenue was $112.7 million Consumer fiber broadband revenue was $45.4 million Total consumer broadband net adds were 3,6701 Consumer broadband revenue was $81.4 million Commercial data services revenue was $54.6 million Carrier data-transport revenue was $30.3 million Net loss was ($66.7 million). Adjusted EBITDA was $84.2 million Total committed capital expenditures were $102.7 million Cost of services and pro
Consolidated Communications (NASDAQ:CNSL) (the "Company") will release its second quarter 2024 financial results on Tuesday, Aug. 6 before the market opens. The Company's second quarter 2024 earnings press release will be available on its investor relations website at https://ir.consolidated.com/. In light of the pending acquisition of the Company by affiliates of Searchlight Capital Partners, L.P. and British Columbia Investment Management Corporation, Consolidated will not host an earnings conference call. About Consolidated Communications Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) is dedicated to moving people, businesses and communities forward by delivering the mo
Consolidated Communications (NASDAQ:CNSL) (the "Company") will release its third quarter 2024 financial results on Tuesday, Nov. 5 before the market opens. The Company's third quarter 2024 earnings press release will be available on its investor relations website at https://ir.consolidated.com/. In light of the pending acquisition of the Company by affiliates of Searchlight Capital Partners, L.P. and British Columbia Investment Management Corporation, Consolidated will not host an earnings conference call. About Consolidated Communications Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) is dedicated to moving people, businesses and communities forward by delivering the most rel
Consolidated Connects grants benefit more than 1,800 students at 12 schools Consolidated Communications (NASDAQ:CNSL) a leading broadband and business communications provider, awarded $50,000 in educational grants, supporting more than 1,800 students at 12 schools in 2024 through its Consolidated Connects Educational Grant Program. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240930629909/en/Consolidated Communications awarded $50,000 to support 1,800 students at 12 schools through its Consolidated Connects Educational Grant Program in 2024. Canaan School District in Canaan, Vt. (pictured above) received a grant from Consolida
Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) (the "Company" or "Consolidated"), a top 10 fiber provider in the U.S., today reported results for second quarter 2024. Second Quarter 2024 Results Revenue totaled $268.7 million Overall consumer revenue was $112.7 million Consumer fiber broadband revenue was $45.4 million Total consumer broadband net adds were 3,6701 Consumer broadband revenue was $81.4 million Commercial data services revenue was $54.6 million Carrier data-transport revenue was $30.3 million Net loss was ($66.7 million). Adjusted EBITDA was $84.2 million Total committed capital expenditures were $102.7 million Cost of services and pro