Consolidated Communications Holdings, Inc. (CNSL) Upgraded at BidaskClub
- Mickael Menetries
Zacks reduced stocks of Cogent Communications Holdings from a "hold" recommendation to a "sell" recommendation in a analysis report on Mon, May 1st. The total value of its holdings decreased 2.7%. TheStreet cut Consolidated Communications Holdings from a "c" rating to a "d+" rating in a report on Thursday. Three analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. Finally, Deutsche Bank AG boosted their price target on shares of L-3 Communications Holdings from $175.00 to $190.00 and gave the stock a "buy" rating in a report on Friday, April 28th. The stock has a 50 day moving average of $172.85 and a 200-day moving average of $167.64. 102,500 shares of the company traded hands.
Consolidated Communications Holdings, Inc. has a 12-month low of $17.41 and a 12-month high of $30.23.
Consolidated Communications Holdings (NASDAQ:CNSL) last issued its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.13 by $0.03. L-3 Communications Holdings had a net margin of 6.44% and a return on equity of 14.15%. The firm had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.70 billion. The firm had revenue of $2.73 billion for the quarter, compared to analysts' expectations of $2.70 billion. The firm's quarterly revenue was down 9.1% compared to the same quarter previous year. Analysts predict that Consolidated Communications Holdings will post $0.61 earnings per share for the current fiscal year. (NYSE:LLL) Upgraded to Conviction-Buy at Goldman Sachs Group, Inc. "(The)" was posted by Transcript Daily and is owned by of Transcript Daily. If you are reading this article on another publication, it was illegally copied and reposted in violation of global copyright and trademark legislation. The original version of this report can be viewed at https://stocknewstimes.com/2017/08/11/cogent-communications-holdings-inc-nasdaqccoi-price-target-increased-to-48-00-by-analysts-at-royal-bank-of-canada.html. This repurchase authorization authorizes the aerospace company to buy up to 11.5% of its shares through open market purchases. Tim Weingarten, Director disclosed the sale of 2,383 shares of CCOI stock. Additionally the company announced a dividend to be paid on Friday the 1st of September 2017. Investors of record on Friday, August 18th will be issued a dividend of $0.46 per share. The ex-dividend date is Tuesday, August 15th. This represents a $1.55 dividend on an annualized basis and a dividend yield of 8.13%. L-3 Communications Holdings's payout ratio is presently 33.82%. Also, CFO Thaddeus Gerard Weed sold 2,250 shares of the firm's stock in a transaction dated Monday, August 7th.
L-3 Communications Holdings declared that its board has authorized a stock repurchase program on Tuesday, May 9th that permits the company to repurchase $1.50 billion in outstanding shares. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 67,641 shares of company stock valued at $11,511,371 over the last quarter.
Ayodhya land dispute: Hearing to begin from December 5
The court added that time frame fixed by it for completion of the pleadings is final, and no adjournment will be granted. Incidentally, Justice Misra is set to become the Chief Justice of India (CJI) on August 28.
Several large investors have recently made changes to their positions in CNSL.
US Bancorp DE increased its stake in shares of L-3 Communications Holdings, Inc. Vanguard Group Inc. now owns 8,124,516 shares of the aerospace company's stock worth $1,342,901,000 after buying an additional 505,941 shares during the last quarter. BlackRock Inc. increased its stake in L-3 Communications Holdings by 5.8% in the second quarter. Renaissance Technologies has an ownership of 1,813,500 stocks of the technology firms shares valued $78,071,000 after scooping up an extra 187,400 shares through out the quarter. Wells Fargo & Company MN raised its stake in Consolidated Communications Holdings by 3.9% in the first quarter. BlackRock has an ownership of 4,955,963 stocks of the technology firms shares valued $213,356,000 after scooping up an extra 4,952,008 shares through out the quarter. Lastly, Royal Bank Of Canada upped the price objective on stocks of Cogent Communications Holdings from $45.00 to $48.00 and issued the company an "outperform" recommendation in a analysis report on Monday. around three financial stock experts recommended the company shares with a sell recommendation, five has issued a hold recommendation and eight have published a buy recommendation to The corporation. Thrivent Financial for Lutherans now owns 2,710 shares of the aerospace company's stock worth $412,000 after buying an additional 130 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of L-3 Communications Holdings by 44.6% in the first quarter. Oneill now owns $1,764,081 of the stock per the Form 4 SEC filing. Institutional investors and hedge funds own 81.21% of the company's stock.
L3 Technologies, Inc, formerly L-3 Communications Holdings, Inc, is a prime contractor in Intelligence, Surveillance and Reconnaissance (ISR) systems, aircraft sustainment, simulation and training, night vision and image intensification equipment and security and detection systems.
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