Consolidated Communications (NASDAQ:CNSL) Receives New Coverage from Analysts at StockNews.com

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

Consolidated Communications Trading Up 1.2 %

Consolidated Communications stock opened at $4.32 on Tuesday. Consolidated Communications has a 52 week low of $2.93 and a 52 week high of $4.65. The company has a debt-to-equity ratio of 5.25, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market capitalization of $511.62 million, a PE ratio of -1.66 and a beta of 1.07. The business’s 50-day simple moving average is $4.30 and its 200-day simple moving average is $4.30.

Consolidated Communications (NASDAQ:CNSL) last issued its quarterly 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 return on equity of 16.89% and a negative net margin of 22.53%.

Institutional Investors Weigh In On Consolidated Communications

Institutional investors have recently added to or reduced their stakes in the company. Black Maple Capital Management LP raised its holdings in Consolidated Communications by 93.9% in the 4th quarter. Black Maple Capital Management LP now owns 51,616 shares of the utilities provider’s stock valued at $225,000 after acquiring an additional 25,000 shares in the last quarter. PenderFund Capital Management Ltd. acquired a new position in shares of Consolidated Communications in the fourth quarter valued at $388,000. Water Island Capital LLC acquired a new position in shares of Consolidated Communications in the fourth quarter valued at $491,000. Highbridge Capital Management LLC bought a new position in Consolidated Communications in the fourth quarter worth $1,343,000. Finally, Olympiad Research LP acquired a new stake in Consolidated Communications during the fourth quarter worth $1,005,000. 79.98% of the stock is owned by institutional investors and hedge funds.

About Consolidated Communications

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.