Consolidated Communications Holdings (CNSL) : Traders are bullish on Consolidated Communications Holdings (CNSL) as it has outperformed the S&P 500 by a wide margin of 3.47% 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 1.38% 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 0.85% and the 50-Day Moving Average is 5.84%.The 200 Day SMA reached 4.39% Consolidated Communications Holdings Inc. has dropped 6.11% during the last 3-month period . Year-to-Date the stock performance stands at 21.82%.
Consolidated Communications Holdings (CNSL) has been rated by 2 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $26 and the lowest price target forecast is $22. The average forecast of all the analysts is $24 and the expected standard deviation is $2.83.
Company shares have received an average consensus rating of Hold for the current week Consolidated Communications Holdings (NASDAQ:CNSL): The stock opened at $24.2 and touched an intraday high of $24.38 on Friday. During the day, the stock corrected to an intraday low of $23.97, however, the bulls stepped in and pushed the price higher to close in the green at $24.3 with a gain of 0.41% for the day. The total traded volume for the day was 1,112,787. The stock had closed at $24.3 in the previous trading session.
Consolidated Communications Holdings, Inc. (Consolidated) is a holding company with operating subsidiaries that provide a range of communications services in consumer, commercial and carrier channels. The Company offers local calling services; network access services; video, data and Internet services; long-distance services, and other services. The Companys local calling services include traditional wireline telephone service and other basic services. It offers network access services, such as interstate and intrastate switched access, and network special access services. The Company offers video, data and Internet services to residential and business customers. The Company offers long-distance services, such as traditional domestic and international long distance services. Its other services include telephone directory publishing, wholesale transport services, billing and collection services, inside wiring service and maintenance and equipment sales (Business Systems).