Communications Sales & Leasing (CSAL) : 1 brokerage houses believe that Communications Sales & Leasing (CSAL) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. Zacks Investment Research suggests a Strong Sell with a rank of 5.The median of all the 3 Wall Street Analysts endorse the stock as a Buy with a rating of 1.67.
Communications Sales & Leasing (CSAL) : Currently there are 3 street experts covering Communications Sales & Leasing (CSAL) stock. The most bullish and bearish price target for the stock is $35 and $32 respectively for the short term. The average price target of all the analysts comes to $33.67. The estimated standard deviation from the target is $1.53.
Also, Citigroup reinstates its rating on Communications Sales & Leasing (NASDAQ:CSAL). Analysts at the Citigroup have a current rating of Buy on the shares. The rating by the firm was issued on July 5, 2016.
Communications Sales & Leasing (NASDAQ:CSAL): After opening at $30.91, the stock dipped to an intraday low of $30.774 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $31.84 and the buying power remained strong till the end. The stock closed at $31.49 for the day, a gain of 2.11% for the day session. The total traded volume was 837,864. The stocks close on the previous trading day was $30.84.
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.