Communications Sales & Leasing (NASDAQ:CSAL) has climbed 2.42% in the past week and advanced 14.9% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 3.65% and the outperformance has advanced to 13.85% for the last 4 weeks period.
Communications Sales & Leasing (NASDAQ:CSAL): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $26.71 and $26.69 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $27.55. The buying momentum continued till the end and the stock did not give up its gains. It closed at $27.46, notching a gain of 2.85% for the day. The total traded volume was 2,328,394 . The stock had closed at $26.70 on the previous day.
The company shares have rallied 0.37% from its 1 Year high price. On Jun 23, 2015, the shares registered one year high at $27.72 and the one year low was seen on Feb 12, 2016. The 50-Day Moving Average price is $24.84 and the 200 Day Moving Average price is recorded at $21.20.
Many analysts have stated their opinion on the company shares. Brokerage firm DA Davidson maintains its rating on Communications Sales & Leasing (NASDAQ:CSAL). As per the latest information, the brokerage house raises the price target to $30 per share from a prior target of $29. The shares have been rated Buy. The rating by the firm was issued on March 7, 2016. Currently the company Insiders own 0.32% of Communications Sales & Leasing shares according to the proxy statements. Institutional Investors own 43.53% of Communications Sales & Leasing shares.
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.