Consolidated Communications (NASDAQ:CNSL) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Consolidated Communications (NASDAQ:CNSL) in a research report report published on Tuesday morning. The firm issued a sell rating on the utilities provider’s stock.

Consolidated Communications Stock Performance

NASDAQ CNSL opened at $4.35 on Tuesday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 6.09. Consolidated Communications has a twelve month low of $2.93 and a twelve month high of $4.65. The stock has a 50-day moving average of $4.33 and a 200 day moving average of $4.35. The stock has a market capitalization of $515.17 million, a price-to-earnings ratio of -1.68 and a beta of 1.07.

Consolidated Communications (NASDAQ:CNSL) last announced its earnings results on Tuesday, May 7th. The utilities provider reported ($0.28) earnings per share for the quarter. Consolidated Communications had a negative return on equity of 19.47% and a negative net margin of 22.42%. The business had revenue of $274.68 million for the quarter.

Institutional Trading of Consolidated Communications

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Swiss National Bank boosted its holdings in Consolidated Communications by 3.0% in the 3rd quarter. Swiss National Bank now owns 166,647 shares of the utilities provider’s stock worth $570,000 after buying an additional 4,800 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Consolidated Communications by 7.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,300,940 shares of the utilities provider’s stock worth $7,869,000 after acquiring an additional 153,318 shares during the last quarter. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Consolidated Communications during the third quarter worth approximately $50,000. Aristeia Capital LLC purchased a new position in Consolidated Communications in the 3rd quarter valued at $144,000. Finally, VitalStone Financial LLC purchased a new position in shares of Consolidated Communications in the third quarter worth about $177,000. Hedge funds and other institutional investors own 79.98% of the company’s stock.

About Consolidated Communications

Consolidated Communications Holdings, Inc, together with its subsidiaries, provides broadband and business communication solutions for consumer, commercial, and carrier channels in the United States. It offers high-speed broadband Internet access, SIP trunking, and voice over Internet protocol (VoIP) phone services; commercial data connectivity services in various markets, including Ethernet services, private line data services, software defined wide area network, and multi-protocol label switching services; networking services; cloud-based services; and data center and disaster recovery solutions.