Price Target Update on Communications Sales & Leasing (NASDAQ:CSAL)

Communications Sales & Leasing (NASDAQ:CSAL) : The highest short term price target forecast on Communications Sales & Leasing (NASDAQ:CSAL) is $34 and the lowest target price is $22. A total of 4 equity analysts are currently covering the company. The average price of all the analysts is $29 with a standard deviation of $5.03.

Other Equity analysts have also commented 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.

Communications Sales & Leasing (NASDAQ:CSAL): stock turned positive on Thursday. Though the stock opened at $28.83, the bulls momentum made the stock top out at $29.57 level for the day. The stock recorded a low of $28.77 and closed the trading day at $29.42, in the green by 2.98%. The total traded volume for the day was 3,616,075. The stock had closed at $28.57 in the previous days trading.

The company shares have rallied 3.51% from its 1 Year high price. On Jun 22, 2016, the shares registered one year high at $28.86 and the one year low was seen on Feb 12, 2016. The 50-Day Moving Average price is $25.29 and the 200 Day Moving Average price is recorded at $21.42.

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.

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