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

StockNews.com began coverage on shares of Consolidated Communications (NASDAQ:CNSL) in a research note issued on Monday. The firm set a “sell” rating on the utilities provider’s stock.

Consolidated Communications Stock Up 0.5 %

CNSL opened at $4.25 on Monday. The firm has a 50 day moving average price of $4.30 and a 200-day moving average price of $4.28. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.25. The stock has a market capitalization of $503.33 million, a price-to-earnings ratio of -1.63 and a beta of 1.07. Consolidated Communications has a twelve month low of $2.93 and a twelve month high of $4.65.

Consolidated Communications (NASDAQ:CNSL) last announced its earnings results on Tuesday, March 5th. The utilities provider reported ($0.27) earnings per share (EPS) for the quarter. The business had revenue of $275.18 million for the quarter. Consolidated Communications had a negative net margin of 22.53% and a negative return on equity of 16.89%.

Hedge Funds Weigh In On Consolidated Communications

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Kingswood Wealth Advisors LLC bought a new stake in Consolidated Communications in the 4th quarter worth approximately $47,000. Envestnet Portfolio Solutions Inc. bought a new stake in Consolidated Communications in the third quarter worth $50,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Consolidated Communications by 39.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,982 shares of the utilities provider’s stock worth $74,000 after purchasing an additional 4,803 shares during the last quarter. AE Wealth Management LLC bought a new stake in shares of Consolidated Communications during the third quarter worth $86,000. Finally, Aristeia Capital LLC bought a new stake in shares of Consolidated Communications during the third quarter worth $144,000. 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.