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Consolidated Communications Holdings (CNSL) provides a range of communications services to residential and business clients in Illinois, Texas, Pennsylvania, California, Kansas, and Missouri.
It offers a range of telecommunications services, including local and long-distance, high-speed broadband Internet access, video, VOIP, custom calling features, private line, carrier grade access, directory publishing, and Competitive Local Exchange Carrier services, as well as network capacity services over its regional fiber optic networks.
The company also sells and supports telecommunications equipment, such as key, private branch exchange, and IP-based telephone systems to business clients.
As of December 31, 2013, CNSL had approximately 257 thousand access lines, 123 thousand voice connections, 255 thousand data and Internet connections, and 111 thousand video connections.
Shares have formed a bullish "flag" after the company reported solid results. A few days later, the stock was added to the S&P 600 Index. The combination of the two events created extra demand for the shares. Higher stock prices are expected for this stock.
52-Week Trading Range: $16.51 - $24.19
Entry Point: $23.92
Stop Loss: $22.70
Target Price: $26.31
We are taking profits on CNSL after its 30 days expired without reaching our target price. Closed at $25.49 for a 6.5% gain.
