The stock of Consolidated Communications Holdings Inc (NASDAQ: CNSL) has increased by 0.47 when compared to last closing price of 4.23. Despite this, the company has experienced a -0.70% fall in its stock price over the last five trading sessions. Reuters reported 2023-12-11 that Consolidated Communications investor Charles Frischer said on Monday he plans to vote against the broadband services provider’s $3.1 billion take-private deal with an investor consortium, becoming the latest shareholder to oppose the sale.
Is It Worth Investing in Consolidated Communications Holdings Inc (NASDAQ: CNSL) Right Now?
Company’s 36-month beta value is 1.15.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 2 as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for CNSL is 74.83M, and currently, short sellers hold a 4.39% ratio of that floaft. The average trading volume of CNSL on April 24, 2024 was 665.58K shares.
CNSL’s Market Performance
The stock of Consolidated Communications Holdings Inc (CNSL) has seen a -0.70% decrease in the past week, with a -1.62% drop in the past month, and a -3.41% fall in the past quarter. The volatility ratio for the week is 0.95%, and the volatility levels for the past 30 days are at 0.68% for CNSL. The simple moving average for the last 20 days is -1.04% for CNSL stock, with a simple moving average of 4.29% for the last 200 days.
Analysts’ Opinion of CNSL
Many brokerage firms have already submitted their reports for CNSL stocks, with Citigroup repeating the rating for CNSL by listing it as a “Sell.” The predicted price for CNSL in the upcoming period, according to Citigroup is $5 based on the research report published on July 07, 2022 of the previous year 2022.
Citigroup, on the other hand, stated in their research note that they expect to see CNSL reach a price target of $5, previously predicting the price at $4. The rating they have provided for CNSL stocks is “Neutral” according to the report published on March 08th, 2022.
Citigroup gave a rating of “Sell” to CNSL, setting the target price at $4 in the report published on March 04th of the previous year.
CNSL Trading at -1.25% from the 50-Day Moving Average
After a stumble in the market that brought CNSL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.60% of loss for the given period.
Volatility was left at 0.68%, however, over the last 30 days, the volatility rate increased by 0.95%, as shares sank -1.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.62% lower at present.
During the last 5 trading sessions, CNSL fell by -0.70%, which changed the moving average for the period of 200-days by +12.43% in comparison to the 20-day moving average, which settled at $4.29. In addition, Consolidated Communications Holdings Inc saw -2.30% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for CNSL
Current profitability levels for the company are sitting at:
- -0.13 for the present operating margin
- 0.47 for the gross margin
The net margin for Consolidated Communications Holdings Inc stands at -0.24. The total capital return value is set at -0.04. Equity return is now at value -27.70, with -6.34 for asset returns.
Based on Consolidated Communications Holdings Inc (CNSL), the company’s capital structure generated 0.74 points at debt to capital in total, while cash flow to debt ratio is standing at 0.05. The debt to equity ratio resting at 2.78. The interest coverage ratio of the stock is -6.16.
Currently, EBITDA for the company is 258.0 million with net debt to EBITDA at 6.99. When we switch over and look at the enterprise to sales, we see a ratio of 2.42. The receivables turnover for the company is 8.95for trailing twelve months and the total asset turnover is 0.29. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.81.
Conclusion
In a nutshell, Consolidated Communications Holdings Inc (CNSL) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
