Communications Sales & Leasing Inc (CSAL) Stock Jumps 6% in After-hours Trading, Making up Most of Yesterday’s Losses

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Investors were quite bearish on Communications Sales & Leasing Inc (NASDAQ:CSAL) in trading yesterday, but thanks to some technical analysis, an overall market rebound and a very nice dividend yield, shares of the stock are up over 6% in after-hours trading.

While the stock has not made up 100% of the ground that it lost yesterday, investors will be watching it closely as trading opens this morning, for an opportunity to grab shares at a discounted price. They may want to do this in advance of Communications Sales & Leasing Inc (NASDAQ:CSAL) CFO and Treasurer, Mark A. Wallace taking the stage at Jefferies Media & Communications Conference on February 23, in New York City. While it’s not known what he will be discussing, investors will certainly be watching closely.

The stock decreased 8.27% or $1.53 during the last trading session, hitting $16.96. Approximately shares traded hands. CSAL shares have declined 28.59% since July 6, 2015 and are currently downtrending. It has underperformed the S&P500 by 19.12%.

From a total of 3 analysts covering Communications Sales & Leasing Inc When Issued (NASDAQ:CSAL) stock, 2 rate it a “Buy”, 0 a “Sell”, and 1 a “Hold”. This means that 67% of the ratings are positive. Communications Sales & Leasing Inc When Issued was the topic of 4 analyst reports since August 21, 2015 according to the firm StockzIntelligence Inc. Raymond James initiated shares on December 1 with a “Outperform” rating. Zacks upgraded CSAL stock in a recent report from September 2 to a “Hold” rating.

Communications Sales & Leasing, Inc

#focuskw=’Communications Sales & Leasing Inc (NASDAQ:CSAL)’##metadesc=’Investors were quite bearish on Communications Sales & Leasing Inc (NASDAQ:CSAL) in trading yesterday, but thanks to some technical analysis, an overall market rebound and a very nice dividend yield, shares of the stock are up over 6% in after-hours trading.

While the stock has not made up 100% of the ground that it lost yesterday, investors will be watching it closely as trading opens this morning, for an opportunity to grab shares at a discounted price. They may want to do this in advance of Communications Sales & Leasing Inc (NASDAQ:CSAL) CFO and Treasurer, Mark A. Wallace taking the stage at Jefferies Media & Communications Conference on February 23, in New York City. While it’s not known what he will be discussing, investors will certainly be watching closely.

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