Stock Rating Downgrade
During the last several trading days the Value Trend Rating for Consolidated Communications Hold (NASDAQ: CNSL) weakened from C to D reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
Consolidated Communications Hold (NASDAQ: CNSL) stock closed at $4.32 on 4/8/24 after a slight gain of 0.2%. However, below average trading volume at 80% of normal accompanied the advance. The stock is unchanged during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
CNSL’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
Consolidated Communications Hold has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Consolidated Communications Hold has a poor Appreciation Score of 17 but a good Power Rating of 70, leading to the Negative Value Trend Rating.
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