Consolidated Communications (NASDAQ:CNSL) Receives New Coverage from Analysts at StockNews.com

StockNews.com started coverage on shares of Consolidated Communications (NASDAQ:CNSL) in a research note issued to investors on Wednesday. The firm issued a sell rating on the utilities provider’s stock.

Consolidated Communications Stock Up 0.2 %

Consolidated Communications stock opened at $4.40 on Wednesday. The firm has a market capitalization of $521.09 million, a P/E ratio of -1.70 and a beta of 1.00. 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’s fifty day simple moving average is $4.34 and its 200-day simple moving average is $4.35.

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Ballentine Partners LLC purchased a new stake in shares of Consolidated Communications in the 4th quarter valued at approximately $6,871,000. Hsbc Holdings PLC purchased a new stake in Consolidated Communications during the 4th quarter worth about $2,103,000. PenderFund Capital Management Ltd. purchased a new stake in Consolidated Communications during the 4th quarter worth about $388,000. Vanguard Group Inc. boosted its position in shares of Consolidated Communications by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 6,269,494 shares of the utilities provider’s stock worth $21,442,000 after acquiring an additional 128,005 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Consolidated Communications by 3.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,374,522 shares of the utilities provider’s stock valued at $10,329,000 after acquiring an additional 73,582 shares during the last quarter. 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.