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Consolidated Communications Shares Decline

Stock quotes in this article: CNSL  

SAN FRANCISCO (AP) — Shares of telecommunications-service provider Consolidated Communications Holdings Inc. fell Monday after a Raymond James analyst downgraded shares to "Market Perform" from "Outperform," citing a recent increase in the stock's value.

The company's shares fell 62 cents, or 3.6 percent, to $16.68.

In a client note, Raymond James analyst Frank G. Louthan IV said the company's shares have risen "significantly" in the past few weeks and are up 53 percent year-to-date — much higher than the average increase of its peers' shares. ...

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