Communications Sales & Leasing (CSAL) has been under a strong bear grip, hence the stock is down -4.88% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.07% in the past 1 week. The stock has risen by 0.41% in the past week indicating that the buyers are active at lower levels, but the stock is down -5.08% in the past 4 weeks.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 2.25% and the fifty day Moving Average is 0.66%. Communications Sales & Leasing, Inc. is up 21.14% in the last three month period. Year-to-Date the stock performance stands at 66.05%.
Communications Sales & Leasing (CSAL) has been rated by 3 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $34 and the lowest price target forecast is $32. The average forecast of all the analysts is $33 and the expected standard deviation is $1.
Communications Sales & Leasing (NASDAQ:CSAL): On Fridays trading session , Opening price of the stock was $29.68 with an intraday high of $30.15. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $29.33. However, the stock managed to close at $29.5, a loss of 0.64% for the day. On the previous day, the stock had closed at $29.69. The total traded volume of the day was 625,820 shares.
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.