Communications Sales & Leasing (CSAL) : The consensus on Communications Sales & Leasing (CSAL) based on 4 analyst recommendation on the company stock is 1.5, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future.
Communications Sales & Leasing (CSAL) : 4 Wall Street analysts covering Communications Sales & Leasing (CSAL) believe that the average level the stock could reach for the short term is $29. The maximum price target given is $34 and the minimum target for short term is around $22, hence the standard deviation is calculated at $5.03.
Communications Sales & Leasing (NASDAQ:CSAL): The stock opened at $29.29 on Wednesday but the bulls could not build on the opening and the stock topped out at $29.55 for the day. The stock traded down to $28.83 during the day, due to lack of any buying support eventually closed down at $29.28 with a loss of -0.48% for the day. The stock had closed at $29.42 on the previous day. The total traded volume was 1,346,865 shares.
The company shares have rallied 30.18% from its 1 Year high price. On Jul 5, 2016, the shares registered one year high at $29.82 and the one year low was seen on Feb 12, 2016. The 50-Day Moving Average price is $26.46 and the 200 Day Moving Average price is recorded at $22.06.
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.