Communications Sales & Leasing (CSAL) stock had a bullish inflow of $5.22 million worth of trades on uptick and an outflow of $2.67 million in downticks on Thursday. The total uptick to downtick ratio stood at 1.96. The net money flow into the stock was $2.55 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $3.06 million. $3.06 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. However, Communications Sales & Leasing (CSAL) stock traded down $0.11 , and reached $29.17, a drop of -0.38% over the previous day. On a weekly basis, the stock is -0.51%, over the previous weeks close.
Communications Sales & Leasing (CSAL) : The highest level Communications Sales & Leasing (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. The stock has recorded a 20-day Moving Average of 7.39% and the 50-Day Moving Average is 16.88%.
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 $29.40 and $29.12 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $29.43. The buying momentum continued till the end and the stock did not give up its gains. It closed at $29.40, notching a gain of 0.41% for the day. The total traded volume was 1,142,209 . The stock had closed at $29.28 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.