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

Analysts at StockNews.com initiated coverage on shares of Consolidated Communications (NASDAQ:CNSL) in a report issued on Monday. The brokerage set a “sell” rating on the utilities provider’s stock.

Consolidated Communications Stock Up 0.5 %

Shares of NASDAQ:CNSL opened at $4.27 on Monday. 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. The stock’s fifty day simple moving average is $4.31 and its 200-day simple moving average is $4.27. The company has a market capitalization of $495.32 million, a P/E ratio of -1.64 and a beta of 1.07.

Consolidated Communications (NASDAQ:CNSL) last released its earnings results on Tuesday, March 5th. The utilities provider reported ($0.27) EPS for the quarter. The business 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%.

Hedge Funds Weigh In On Consolidated Communications

Institutional investors have recently added to or reduced their stakes in the business. Captrust Financial Advisors increased its stake in Consolidated Communications by 38.2% in the first quarter. Captrust Financial Advisors now owns 7,183 shares of the utilities provider’s stock valued at $42,000 after purchasing an additional 1,987 shares during the last quarter. Virtu Financial LLC acquired a new stake in Consolidated Communications during the fourth quarter worth about $36,000. American Century Companies Inc. acquired a new stake in Consolidated Communications during the fourth quarter worth about $38,000. Advisor Partners II LLC acquired a new stake in Consolidated Communications during the first quarter worth about $28,000. Finally, Kingswood Wealth Advisors LLC acquired a new stake in Consolidated Communications during the fourth quarter worth about $47,000. 79.98% of the stock is currently owned by institutional investors and hedge funds.

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.