Communications Sales & Leasing (CSAL) has risen sharply, recording gains of 0.59% in the past 4 weeks. However, the stock has corrected -1.29% in the past 1 week, providing a good buying opportunity on dips. Communications Sales & Leasing (CSAL) : During the past 4 weeks, traders have been relatively bearish on Communications Sales & Leasing (CSAL), hence the stock is down -1.85% 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 -1.71% relative to the S&P 500.
Communications Sales & Leasing (NASDAQ:CSAL): The stock opened at $31.00 on Friday but the bulls could not build on the opening and the stock topped out at $31.00 for the day. The stock traded down to $30.53 during the day, due to lack of any buying support eventually closed down at $30.68 with a loss of -0.45% for the day. The stock had closed at $30.82 on the previous day. The total traded volume was 644,676 shares.
The stock has recorded a 20-day Moving Average of 0.07% and the 50-Day Moving Average is 8.48%. Communications Sales & Leasing, Inc. is up 33.48% in the last 3-month period. Year-to-Date the stock performance stands at 72.69%.
Communications Sales & Leasing (CSAL) : 3 investment research analysts covering Communications Sales & Leasing (CSAL) have an average price target of $32 for the near short term. The highest target price given by the Brokerage Firm to the stock is $34 and the lowest target is $30 for the short term. Analysts expect the variance to be within $2 of the average price.
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.