Communications Sales & Leasing Inc (NASDAQ:CSAL) price target upped to $33.00, released a report earlier today by Zacks Investment Research
- Updated: October 11, 2016
Yesterday Communications Sales & Leasing Inc (NASDAQ:CSAL) traded -1.86% lower at $31.41. The company’s 50-day moving average is $30.85 and its 200-day moving average is $27.68. The last stock price is up 4.97% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 940,272 shares of CSAL traded hands, down from an average trading volume of 1,155,680
Reporting a potential upside of 0.05%, Zacks Investment Research upped the price target of Communications Sales & Leasing Inc (NASDAQ:CSAL) to $33.00
See Chart Below
Communications Sales & Leasing Inc has a 52 week low of $15.13 and a 52 week high of $32.73 with a P/E ratio of 148.97 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 7 firms have reported on the stock. The consensus target price is $27.71 with 3 firms rating the stock a strong buy, 3 firms rating the stock a buy, 1 firm rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About Communications Sales & Leasing Inc (NASDAQ:CSAL)
Communications Sales & Leasing, Inc. (CS&L) is an internally managed real estate investment trust (REIT) engaged in the acquisition and construction of a range of infrastructure in the communications industry. The Company is focused on acquiring and constructing fiber optic broadband networks, wireless communications towers, copper and coaxial broadband networks and data centers. The Company operates through two segments: Leasing and Consumer competitive local exchange carrier (CLEC). The Company's Leasing segment represents its REIT operations. The Consumer CLEC segment represents the operations of its Consumer CLEC Business. It conducts the Consumer CLEC Business through its subsidiary, Talk America Services, LLC, which provides local telephone, high-speed Internet and long distance service to approximately 46,000 customers. The Company owns approximately 3.6 million fiber strand miles, over 230,800 route miles of copper, and other property across 30 states.
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