Communications Sales & Leasing (CSAL) : Zacks Investment Research ranks Communications Sales & Leasing (CSAL) as 2, which is a Buy recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. The average broker rating of 3 research analysts is 1.67, which indicates as a Buy.
Communications Sales & Leasing (CSAL) : Average target price received by Communications Sales & Leasing (CSAL) is $32 with an expected standard deviation of $2. The most aggressive target on the stock is $34, whereas the most downbeat target is $30. 3 financial analysts are currently covering the stock.
For the current week, the company shares have a recommendation consensus of Buy. Communications Sales & Leasing (NASDAQ:CSAL): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $30.00 and $28.71 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $30.66. The buying momentum continued till the end and the stock did not give up its gains. It closed at $30.30, notching a gain of 0.26% for the day. The total traded volume was 1,570,887 . The stock had closed at $30.22 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.