Analyst Rating Update on Communications Sales & Leasing (CSAL)

Communications Sales & Leasing (CSAL) has an average broker rating of 1.67, which is interpreted as a Buy, as rated by 3 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Ranking by Zacks Investment Research for Coach Inc is 2, which is also a Buy.

Communications Sales & Leasing (CSAL) : The consensus price target for Communications Sales & Leasing (CSAL) is $32 for the short term with a standard deviation of $2. The most optimist securities analyst among the 3 who monitor the stock believes that the stock can reach $34, however, the pessimist price target for the company is $30.

For the current week, the company shares have a recommendation consensus of Buy.


Communications Sales & Leasing (NASDAQ:CSAL): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $30.29 and $30.16 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $30.61. The buying momentum continued till the end and the stock did not give up its gains. It closed at $30.60, notching a gain of 1.02% for the day. The total traded volume was 1,063,712 . The stock had closed at $30.29 on the previous day.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.