Communications Sales & Leasing Inc (CSAL) was Resumed by Citigroup to “Buy”. Citigroup advised their investors in a research report released on Jul 5, 2016.
On the company’s financial health, Communications Sales & Leasing Inc reported $0.65 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 12, 2016. Analyst had a consensus of $0.64. The company had revenue of $174.70 million for the quarter, compared to analysts expectations of $174.39 million.
Communications Sales & Leasing Inc opened for trading at $28.8 and hit $29.35 on the upside on Friday, eventually ending the session at $29.32, with a gain of 1.45% or 0.42 points. The heightened volatility saw the trading volume jump to 17,62,906 shares. Company has a market cap of $4,446 M.
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 Company’s 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.