Communications Sales & Leasing (CSAL) Shares are Down -1.24%

Communications Sales & Leasing (CSAL) : During the past 4 weeks, traders have been relatively bearish on Communications Sales & Leasing (CSAL), hence the stock is down -1.05% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.29% relative to the S&P 500. The 4-week change in the price of the stock is -0.03% and the stock has fallen -1.24% in the past 1 week.

The stock has recorded a 20-day Moving Average of 1.29% and the 50-Day Moving Average is 4.85%. Communications Sales & Leasing (NASDAQ:CSAL): The stock was completely flat for the day, closing at $30.30 on Friday. The flat closing masks the intraday volatility in the stock. After opening at $30.38, the stock touched an intraday high of $30.65 and a low of $30.13. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $30.30. The total trading volume on Friday was 835,726.


The company Insiders own 0.32% of Communications Sales & Leasing shares according to the proxy statements. Institutional Investors own 45.04% of Communications Sales & Leasing shares. Also, Major Brokerage house, Citigroup reinstates its ratings on Communications Sales & Leasing (NASDAQ:CSAL). According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on July 5, 2016.

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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