Consolidated Communications (NASDAQ:CNSL) Hits New 12-Month High at $4.65

Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $4.65 and last traded at $4.64, with a volume of 63873 shares traded. The stock had previously closed at $4.64.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Consolidated Communications in a research note on Saturday, July 27th. They issued a “sell” rating for the company.

Consolidated Communications Stock Performance

The stock has a market cap of $549.52 million, a PE ratio of -1.79 and a beta of 0.98. The firm’s 50-day moving average is $4.58 and its 200 day moving average is $4.43. The company has a debt-to-equity ratio of 7.51, a quick ratio of 0.72 and a current ratio of 0.72.

Consolidated Communications (NASDAQ:CNSL) last announced its earnings results on Tuesday, August 6th. The utilities provider reported ($0.39) EPS for the quarter. Consolidated Communications had a negative net margin of 17.74% and a negative return on equity of 25.00%. The business had revenue of $268.71 million during the quarter.

Institutional Trading of Consolidated Communications

A number of hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company raised its stake in shares of Consolidated Communications by 14.2% during the second quarter. The Manufacturers Life Insurance Company now owns 32,657 shares of the utilities provider’s stock worth $144,000 after purchasing an additional 4,061 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Consolidated Communications by 9.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 53,012 shares of the utilities provider’s stock valued at $230,000 after purchasing an additional 4,535 shares in the last quarter. Rhumbline Advisers increased its position in Consolidated Communications by 2.1% during the 2nd quarter. Rhumbline Advisers now owns 244,967 shares of the utilities provider’s stock worth $1,078,000 after purchasing an additional 5,066 shares during the period. AQR Capital Management LLC raised its stake in shares of Consolidated Communications by 22.1% during the 2nd quarter. AQR Capital Management LLC now owns 28,017 shares of the utilities provider’s stock worth $123,000 after buying an additional 5,074 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Consolidated Communications by 40.2% in the 1st quarter. BNP Paribas Financial Markets now owns 37,661 shares of the utilities provider’s stock valued at $163,000 after buying an additional 10,800 shares during the period. 79.98% of the stock is owned by institutional investors and hedge funds.

Consolidated Communications Company Profile

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.