Consolidated Communications (NASDAQ:CNSL) Lifted to C at TheStreet

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TheStreet upgraded shares of Consolidated Communications (NASDAQ:CNSL) from a d+ rating to a c rating in a research report sent to investors on Thursday morning, TheStreetRatingsTable reports.

Separately, BidaskClub cut Consolidated Communications from a strong-buy rating to a buy rating in a report on Tuesday, March 17th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $4.63.

CNSL opened at $5.66 on Thursday. The company has a debt-to-equity ratio of 6.25, a current ratio of 0.78 and a quick ratio of 0.78. The stock has a market capitalization of $411.23 million, a P/E ratio of 141.54 and a beta of 1.21. The company’s 50 day simple moving average is $5.46 and its 200-day simple moving average is $4.81. Consolidated Communications has a one year low of $3.24 and a one year high of $7.51.

Consolidated Communications (NASDAQ:CNSL) last posted its quarterly earnings data on Thursday, April 30th. The utilities provider reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.12. The firm had revenue of $325.66 million for the quarter. Consolidated Communications had a return on equity of 4.08% and a net margin of 0.18%.

Several institutional investors have recently modified their holdings of the business. Advisor Group Holdings Inc. acquired a new position in shares of Consolidated Communications in the 1st quarter valued at $76,000. Engineers Gate Manager LP acquired a new stake in shares of Consolidated Communications during the first quarter worth $447,000. Squarepoint Ops LLC bought a new stake in Consolidated Communications in the first quarter valued at about $64,000. Meeder Asset Management Inc. lifted its stake in Consolidated Communications by 395.2% in the first quarter. Meeder Asset Management Inc. now owns 10,686 shares of the utilities provider’s stock valued at $49,000 after buying an additional 8,528 shares during the period. Finally, Thrivent Financial for Lutherans lifted its stake in Consolidated Communications by 152.0% in the first quarter. Thrivent Financial for Lutherans now owns 144,636 shares of the utilities provider’s stock valued at $658,000 after buying an additional 87,247 shares during the period. Institutional investors own 75.63% of the company’s stock.

Consolidated Communications Company Profile

Consolidated Communications Holdings, Inc, through its subsidiaries, provides telecommunications services to business and residential customers in the United States. It offers high-speed broadband Internet access and voice over Internet protocol (VoIP) phone services to small, medium, and large business customers; commercial data connectivity services in select markets, including a portfolio of Ethernet services, software defined wide area network, multi-protocol label switching, and private line services; and wholesale services to regional and national interexchange and wireless carriers, including cellular backhaul, dark fiber, and other fiber transport solutions.

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