Consolidated Communications (NASDAQ:CNSL) Now Covered by Analysts at StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of Consolidated Communications (NASDAQ:CNSL – Get Free Report) in a research report issued on Wednesday. The brokerage set a “sell” rating on the utilities provider’s stock.

Consolidated Communications Price Performance

Shares of NASDAQ CNSL traded up $0.01 during mid-day trading on Wednesday, reaching $4.40. 65,226 shares of the company were exchanged, compared to its average volume of 643,106. Consolidated Communications has a 52 week low of $2.93 and a 52 week high of $4.65. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 6.09. The stock has a market capitalization of $521.09 million, a PE ratio of -1.70 and a beta of 1.00. The company’s 50 day moving average price is $4.34 and its 200 day moving average price is $4.35.

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

Institutional Investors Weigh In On Consolidated Communications

A number of hedge funds and other institutional investors have recently bought and sold shares of CNSL. VitalStone Financial LLC purchased a new stake in Consolidated Communications in the third quarter worth about $177,000. Vanguard Group Inc. grew its holdings in Consolidated Communications by 2.1% in the third quarter. Vanguard Group Inc. now owns 6,269,494 shares of the utilities provider’s stock worth $21,442,000 after purchasing an additional 128,005 shares during the period. Kingswood Wealth Advisors LLC purchased a new stake in Consolidated Communications in the fourth quarter worth about $47,000. Assenagon Asset Management S.A. purchased a new stake in Consolidated Communications in the fourth quarter worth about $239,000. Finally, Ballentine Partners LLC purchased a new stake in Consolidated Communications in the fourth quarter worth about $6,871,000. Hedge funds and other institutional investors own 79.98% of the company’s stock.

About Consolidated Communications

(Get Free Report)

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.

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