Analyst Price Target Update on Communications Sales & Leasing (NASDAQ:CSAL)

Communications Sales & Leasing (NASDAQ:CSAL) shares are expected to touch $28.5 in the short term. This short term price target has been shared by 4 analysts. However, the standard deviation of short term price estimate has been valued at 5. The target price could hit $34 on the higher end and $22 on the lower end.

Many analysts have stated their opinion on the company shares. DA Davidson maintains its rating on Communications Sales & Leasing (NASDAQ:CSAL). The global brokerage major raises the current price target from $29 per share to $30 per share. Analysts at the DA Davidson have a current rating of Buy on the shares. The rating by the firm was issued on March 7, 2016. For the current week, the company shares have a recommendation consensus of Buy.

Communications Sales & Leasing (NASDAQ:CSAL) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.13 points or 0.48% at $26.68 with 953,312 shares getting traded. Post opening the session at $26.69, the shares hit an intraday low of $26.65 and an intraday high of $27.18 and the price was in this range throughout the day. The company has a market cap of $4,045 million and the number of outstanding shares have been calculated to be 151,623,210 shares. The 52-week high of Communications Sales & Leasing (NASDAQ:CSAL) is $27.72 and the 52-week low is $15.13.

Communications Sales & Leasing, Inc. (CS&L) is engaged in the ownership, acquisition and leasing of communication distribution systems. The Company holds the fiber and copper networks and other real estate (the Distribution Systems) and a small consumer competitive local exchange carrier (CLEC) business (the Consumer CLEC Business). The Companys leasing activities consists of leasing back to Windstream Holdings, Inc., the Distribution Systems through a triple-net master lease agreement (the Master Lease). The Company also expands its portfolio by acquiring other real property assets within or outside of the communications infrastructure industry for lease to third-parties.

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