Communications Sales & Leasing (NASDAQ:CSAL) : 4 analysts are covering Communications Sales & Leasing (NASDAQ:CSAL) and their average rating on the stock is 1.5, which is read as a Strong Buy. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Communications Sales & Leasing (NASDAQ:CSAL) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels.
Communications Sales & Leasing (NASDAQ:CSAL) : The highest level Communications Sales & Leasing (NASDAQ:CSAL) is projected to reach is $34 for the short term and the lowest estimate is at $22. The consolidated price target from 4 rating analysts who initiate coverage on the stock is $29 and the possibility the share price can swing is $5.03.
For the current week, the company shares have a recommendation consensus of Buy.
Communications Sales & Leasing (NASDAQ:CSAL): stock turned positive on Tuesday. Though the stock opened at $26.62, the bulls momentum made the stock top out at $27.75 level for the day. The stock recorded a low of $26.58 and closed the trading day at $27.73, in the green by 3.39%. The total traded volume for the day was 2,720,513. The stock had closed at $26.82 in the previous days trading.
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.