02:15 PM EDT, 05/09/2024 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We keep our 12-month target price at $5, applying an EV/revenue multiple of 3.0x to our 2024 estimate, a discount to peers, reflecting our slow growth outlook. We move our 2024 loss estimate to -$1.55 from a loss of -$1.27 and move 2025's loss estimate to -$1.67 from a loss of -$1.47. CNSL reported a Q1 operating loss of -$0.27 vs. a loss of -$0.28, $0.16 better than the consensus. Q1 revenue declined 0.5%, driven by a 12.2% drop in consumer voice services and a 30.9% drop in consumer video services, partially offset by 2.9% growth in commercial data services and a 17.5% increase in consumer broadband. CNSL still expects its transaction with Searchlight and BCI to take the company private to close in the first quarter of 2025.