Consolidated Communications (CNSL) Set to Announce Earnings on Thursday

Consolidated Communications (NASDAQ:CNSLGet Rating) is scheduled to be releasing its earnings data before the market opens on Thursday, May 5th. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Consolidated Communications (NASDAQ:CNSLGet Rating) last issued its earnings results on Thursday, March 3rd. The utilities provider reported $0.11 earnings per share (EPS) for the quarter. The company had revenue of $318.48 million during the quarter. Consolidated Communications had a positive return on equity of 12.47% and a negative net margin of 8.35%.

Shares of NASDAQ:CNSL opened at $6.05 on Thursday. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 3.87. The business has a fifty day moving average of $6.09 and a two-hundred day moving average of $7.20. The stock has a market cap of $687.36 million, a P/E ratio of -4.20 and a beta of 1.16. Consolidated Communications has a 52-week low of $4.51 and a 52-week high of $9.89.

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. boosted its holdings in Consolidated Communications by 2.4% during the 4th quarter. BlackRock Inc. now owns 11,621,193 shares of the utilities provider’s stock valued at $86,927,000 after acquiring an additional 268,017 shares during the period. State Street Corp lifted its position in shares of Consolidated Communications by 23.2% during the fourth quarter. State Street Corp now owns 4,056,609 shares of the utilities provider’s stock worth $30,343,000 after purchasing an additional 764,810 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Consolidated Communications by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 1,444,890 shares of the utilities provider’s stock worth $10,807,000 after purchasing an additional 11,860 shares in the last quarter. Morgan Stanley boosted its stake in shares of Consolidated Communications by 56.5% in the third quarter. Morgan Stanley now owns 747,848 shares of the utilities provider’s stock valued at $6,872,000 after purchasing an additional 269,916 shares during the period. Finally, D. E. Shaw & Co. Inc. grew its holdings in shares of Consolidated Communications by 5.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 248,217 shares of the utilities provider’s stock valued at $1,857,000 after purchasing an additional 13,037 shares in the last quarter. 99.89% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have issued reports on the company. StockNews.com assumed coverage on Consolidated Communications in a report on Thursday, March 31st. They issued a “hold” rating for the company. Citigroup upgraded Consolidated Communications from a “sell” rating to a “neutral” rating and upped their target price for the company from $4.00 to $5.00 in a report on Tuesday, March 8th. Finally, Wells Fargo & Company dropped their target price on Consolidated Communications from $9.00 to $6.00 and set an “equal weight” rating for the company in a report on Friday, March 4th. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $6.33.

Consolidated Communications Company Profile (Get Rating)

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 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; data center and disaster recovery solutions; and wholesale services to regional and national interexchange, and wireless carriers comprising cellular backhaul and other fiber transport solutions.

Further Reading

Earnings History for Consolidated Communications (NASDAQ:CNSL)

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