In a report released today, Frank Louthan from Raymond James maintained a Buy rating on Consolidated Comms (NASDAQ: CNSL), with a price target of $17. The company’s shares opened today at $12.15.
According to TipRanks.com, Louthan is a 4-star analyst with an average return of 6.3% and a 63.2% success rate. Louthan covers the Technology sector, focusing on stocks such as Frontier Communications Corporation, GDS Holdings Ltd, and Sprint Corp.
Consolidated Comms has an analyst consensus of Moderate Buy, with a price target consensus of $14.50.
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Based on Consolidated Comms’ latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $10.86 million. In comparison, last year the company had a GAAP net loss of $2.84 million.
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Consolidated Communications Holdings, Inc. provides business and broadband communications services. It provides integrated communication services in consumer, commercial and carrier channels in California, Illinois, Iowa, Kansas, Minnesota, Missouri, North Dakota, Pennsylvania, South Dakota, Texas and Wisconsin.
