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

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

Consolidated Communications Stock Up 0.5 %

Shares of NASDAQ CNSL opened at $4.29 on Wednesday. The business has a 50-day moving average price of $4.30 and a 200 day moving average price of $4.31. The stock has a market cap of $508.06 million, a PE ratio of -1.65 and a beta of 1.14. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.25. Consolidated Communications has a 52-week low of $2.93 and a 52-week high of $4.65.

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

Institutional Investors Weigh In On Consolidated Communications

Hedge funds have recently made changes to their positions in the business. Kingswood Wealth Advisors LLC purchased a new stake in Consolidated Communications during the 4th quarter valued at approximately $47,000. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Consolidated Communications during the third quarter worth approximately $50,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings 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 period. Susquehanna Fundamental Investments LLC purchased a new position in Consolidated Communications in the 1st quarter valued at $83,000. Finally, Aristeia Capital LLC acquired a new position in Consolidated Communications in the 3rd quarter valued at $144,000. Institutional investors and hedge funds own 79.98% of the company’s stock.

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.