Weakness Seen in Consolidated Communications Holdings (CNSL): Stock Declines 6.7% - Tale of the Tape
April 14 2014 - 7:48AM
Zacks
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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