UPDATE: Consolidated Communications Holdings Inc. (CNSL) PT Lowered to $14.50 at Citi on 'Elevated Leverage Level After the FairPoint Acquisition'
Get Alerts CNSL Hot Sheet
Price: $4.26 +0.24%
Rating Summary:
2 Buy, 5 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 18 | New: 16
Rating Summary:
2 Buy, 5 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 18 | New: 16
Join SI Premium – FREE
(Updated - December 12, 2017 6:29 AM EST)
Citi lowered its price target on Consolidated Communications Holdings Inc. (NASDAQ: CNSL) to $14.50 (from $20.00) while maintaining a Neutral rating, following the company's recent transactions.
Analyst notes a cautious outlook on the shares, following the company's acquisition of FairPoint, highlighting elevated leverage levels and updated valuation metrics to reflect the deal, as Wireline company valuations fall due to revenue pressures.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- HSBC Downgrades Feng Tay Enterprises (9910:TT) to Hold
- Dynatrace Inc. (DT) PT Lowered to $58 at TD Cowen
- American International Group (AIG) PT Raised to $89 at Piper Sandler
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
Citi, Definitive AgreementSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!