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: $4.30 -0.23%
Rating Summary:
2 Buy, 5 Hold, 3 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 20 | Down: 14 | New: 22
Rating Summary:
2 Buy, 5 Hold, 3 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 20 | Down: 14 | New: 22
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(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.
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