Consolidated Communications Holdings Inc (CNSL) stock forecast: Can it reach its 52-week high of $4.65

Consolidated Communications Holdings Inc [CNSL] stock is trading at $4.54, down -0.66%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CNSL shares have lost -1.09% over the last week, with a monthly amount glided 3.42%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Consolidated Communications Holdings Inc [NASDAQ: CNSL] stock has seen the most recent analyst activity on July 07, 2022, when Citigroup downgraded its rating to a Sell but kept the price target unchanged to $5 for it. Previously, Citigroup upgraded its rating to Neutral on March 08, 2022, and elevated its price target to $5. On March 04, 2022, downgrade downgraded it’s rating to Sell and revised its price target to $4 on the stock. Citigroup upgraded its rating to a Neutral but stick to its price target of $8 on October 29, 2021. Citigroup downgraded its rating to a Sell but $8 remained the price target by the analyst firm on October 19, 2021. Citigroup upgraded its rating to Neutral for this stock on August 02, 2021. In a note dated June 03, 2021, Citigroup downgraded an Sell rating on this stock and boosted its target price from $7.50 to $8.

Consolidated Communications Holdings Inc [CNSL] stock has fluctuated between $3.28 and $4.65 over the past year. Consolidated Communications Holdings Inc [NASDAQ: CNSL] shares were valued at $4.54 at the most recent close of the market.

Analyzing the CNSL fundamentals

Consolidated Communications Holdings Inc [NASDAQ:CNSL] reported sales of 1.11B for the trailing twelve months, which represents a drop of -0.53%. Gross Profit Margin for this corporation currently stands at 0.41% with Operating Profit Margin at -0.12%, Pretax Profit Margin comes in at -0.27%, and Net Profit Margin reading is -0.23%. To continue investigating profitability, this company’s Return on Assets is posted at -0.07, Equity is -0.32 and Total Capital is -0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of3.01.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 4.52 points at the first support level, and at 4.49 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.57, and for the 2nd resistance point, it is at 4.59.

Ratios To Look Out For

For context, Consolidated Communications Holdings Inc’s Current Ratio is 0.93. In addition, the Quick Ratio stands at 0.93 and the Cash Ratio stands at 0.03. Considering the valuation of this stock, the price to sales ratio is 0.48, the price to book ratio is 1.50.

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