Communications Sales & Leasing (CSAL) : Traders are bullish on Communications Sales & Leasing (CSAL) as it has outperformed the S&P 500 by a wide margin of 4.11% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 7.59%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 8.14% in the last 1 week, and is up 3.98% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 5.85% and the 50-Day Moving Average is 6.21%.The 200 Day SMA reached 40.2%. Communications Sales & Leasing, Inc. is up 24.92% in the last 3-month period. Year-to-Date the stock performance stands at 79.56%.
Communications Sales & Leasing (NASDAQ:CSAL): After opening at $31.48, the stock dipped to an intraday low of $31.38 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $32.05 and the buying power remained strong till the end. The stock closed at $31.9 for the day, a gain of 1.82% for the day session. The total traded volume was 1,420,277. The stocks close on the previous trading day was $31.33.
Communications Sales & Leasing, Inc. (CS&L) is engaged in the ownership, acquisition and leasing of communication distribution systems. The Company holds the fiber and copper networks and other real estate (the Distribution Systems) and a small consumer competitive local exchange carrier (CLEC) business (the Consumer CLEC Business). The Companys leasing activities consists of leasing back to Windstream Holdings, Inc., the Distribution Systems through a triple-net master lease agreement (the Master Lease). The Company also expands its portfolio by acquiring other real property assets within or outside of the communications infrastructure industry for lease to third-parties.