Tue, May 3, 11:36 AM
- Consolidated Communications (CNSL -3.8%) is selling its Heartland Telecommunications unit in order to focus on core regions.
- Mutual Telephone Co. (also known as Premier) and Winnebago Cooperative Telecom Association will take control of the operations, which have been Iowa-based, for about $22.5M in cash.
- Winnebago takes over a pair of exchanges in Iowa, while Premier will take over a number of other exchanges in the state. The operations contributed about $7M in revenue in 2015.
- The closing's expected to come in the second half.
- Now read Telecommunications Stocks For Long-Term Reliable Income: A Cash Flow Analysis »
Sep. 10, 2015, 10:12 AM
- Consolidated Communications (NASDAQ:CNSL) is off 2.7% in early going, following a reiterated Hold rating at Jefferies Group.
- The analysts have a $21 price target on the stock, slightly lower than a consensus price target of $22.67.
- Shares closed yesterday at $20.03 are are currently trading at $19.50, implying 7.7% upside for Jefferies' target.
- Currently, shares are up 5% from a 52-week low of $18.51, reached on Aug. 24.
- Previously: Consolidated Communications takes $14M in rural broadband funding (Aug. 27 2015)
- Previously: Small/medium TV providers press FCC to rework its retrans rules (Aug. 20 2015)
May 7, 2015, 10:56 AM
- Consolidated Communications (NASDAQ:CNSL) is 4.8% lower this morning after Q1 revenue missed expectations and declined slightly on a pro forma basis.
- EBITDA of $79.7M beat an expected $78M.
- Revenue breakout (pro forma comparisons): Commercial and carrier, $73.7M (up 3.7%); Consumer, $69.3M (down 0.4%); Equipment sales and service, $10.9M (down 11.4%); Subsidies, $14.4M (down 1.9%); Network access, $19.4M (down 9.7%); other, $4.9M (up 2%).
- Voice connections were 498.1K (down 4.1% Y/Y); data and Internet connections of 446.6K (up 1.6%); video connections of 123.2K (down 1%). Consumer ARPU came in at $84.13, up 2.8% from the prior year.
- The company reiterated its full-year guidance on capex ($122M-$129M) and cash interest expense ($78M-$81M).
- Conference call begins shortly, at 11 a.m. ET.
Mar. 5, 2015, 4:13 PM| Mar. 5, 2015, 4:13 PM | 1 Comment
Feb. 26, 2015, 9:08 AM
- Consolidated Communications (NASDAQ:CNSL) is down 2.4% premarket after missing on top and bottom lines despite growing revenue 25%.
- EBITDA of $80.6M missed an expected $83.2M, and was down from the prior year's $82.3M.
- Total connections of 849.5K were down 1.4% Y/Y: Data connections, up 3.1% to 289.7K; video connections, up 0.5% to 122.8K; voice connections, down 4.6% to 437K.
- The company's guiding to capex of $122M-$129M in 2015, down from 2014's $131.3M. It expects cash interest expense of $78M-$81M vs. 2014's $81.4M.
- Conference call at 11 a.m. ET.
Jan. 6, 2015, 2:54 PM
- Independent research firm Off Wall Street has issued a Strong Sell recommendation for Consolidated Communications (NASDAQ:CNSL), and set a $19 target. High leverage, huge upcoming capex needs, and declining EBITDA margins are cited.
- Shares have sold off hard on volume (667K) that's well above a 3-month daily average of 367K.
Aug. 12, 2014, 11:04 AM
- Ultimate Software (ULTI +4%) will be joining the S&P MidCap 400 after Thursday's close, and Consolidated Communications (CNSL +3.4%) will be joining the S&P SmallCap 600 following the Aug. 18 close.
- The companies are respectively replacing The Hillshire Brands and Taylor Capital, each of which is set to be acquired.
Feb. 14, 2013, 10:45 AM
CenturyLink (CTL -20.1%) crashes after getting hit with 6 downgrades in response to its Q4 miss, light guidance, and dividend cut, and is taking other high-yield rural telcos down with it. FTR -5%. WIN -7.5%. CNSL -2%. Citi, which is cutting CTL to Neutral and FTR to Sell, argues CTL's dividend cut shows the need for telcos to maintain balance sheet flexibility during a time of slow growth, strong competition, and eroding wireline voice revenue. The firm notes CTL's guidance now implies 2015 free cash flow of $3.60-$4/share, well below Citi's prior estimates. (transcript)| Feb. 14, 2013, 10:45 AM | 2 Comments
Jul. 3, 2012, 9:12 AM