Cowen and Company recorded Communications Sales & Leasing Inc (NASDAQ:CSAL), raising its target price to $34.00 today
- Updated: October 15, 2016
Yesterday Communications Sales & Leasing Inc (NASDAQ:CSAL) traded 0.10% higher at $31.41. The company’s 50-day moving average is $30.88 and its 200-day moving average is $27.76. The last stock close price is up 8.31% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 956,929 shares of the stock were exchanged, down from an average trading volume of 1,144,700
Communications Sales & Leasing Inc (NASDAQ:CSAL) had its stock price target increased to $34.00 by Cowen and Company in a report released 10/13/2016. The updated stock price target implies a potential upside of 0.08% from the company's previous close.
Previously on Tuesday October 11, 2016, Zacks Investment Research reported about Communications Sales & Leasing Inc (NASDAQ:CSAL) raised the target price from $0.00 to $33.00. At the time, this indicated a possible upside of 0.05%.
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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 154.21 Communications Sales & Leasing Inc’s market capitalization is currently $0.
In addition to Cowen and Company reporting its stock price target, a total of 7 brokers have issued a research note on the company. The average stock price target is $27.71 with 3 brokers rating the stock a strong buy, 3 brokers rating the stock a buy, 1 broker rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
Brief Synopsis On 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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