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 9.22% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.25%, 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 3.8% in the last 1 week, and is up 7.01% 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 2.69% and the 50-Day Moving Average is 2.87%.The 200 Day SMA reached 34.48% Communications Sales & Leasing, Inc. is up 17.11% in the last 3-month period. Year-to-Date the stock performance stands at 76.97%.
Communications Sales & Leasing (CSAL) : The consensus price target for Communications Sales & Leasing (CSAL) is $33.67 for the short term with a standard deviation of $1.53. The most optimist securities analyst among the 3 who monitor the stock believes that the stock can reach $35, however, the pessimist price target for the company is $32.
For the current week, the company shares have a recommendation consensus of Buy. Communications Sales & Leasing (NASDAQ:CSAL): stock was range-bound between the intraday low of $31.02 and the intraday high of $31.59 after having opened at $31.41 on Fridays session. The stock finally closed in the red at $31.41, a loss of -0.16%. The stock remained in the red for the whole trading day. The total traded volume was 1,556,584 shares. The stock failed to cross $31.59 in Fridays trading. The stocks closing price on Thursday was $31.44.
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.