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Weakness Seen in Consolidated Communications Holdings (CNSL): Stock Declines 6.7%

Zacks Equity Research

Consolidated Communications Holdings Inc. (CNSL) saw a big move last session, as the company’s shares fell nearly 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading below the volatile price range of $19.28 to $20.36 in the past one-month time frame.

The company has seen a flat track record when it comes to current year estimate revisions over the past few weeks. The consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

CNSL currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.0%.

Some better-ranked stocks in the technology sector include Adobe Systems Inc. (ADBE), Ansys, Inc. (ANSS) and Informatica Corporation (INFA). All these stocks carry a Zacks Rank #2 (Buy).

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CONSOLIDATED COMM HLD INC (CNSL): Free Stock Analysis Report

ADOBE SYSTEMS INC (ADBE): Free Stock Analysis Report

ANSYS INC (ANSS): Free Stock Analysis Report

INFORMATICA CP (INFA): Free Stock Analysis Report


Zacks Investment Research