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

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

Consolidated Communications Stock Performance

Shares of Consolidated Communications stock opened at $4.27 on Wednesday. The firm’s fifty day simple moving average is $4.30 and its 200-day simple moving average is $4.31. Consolidated Communications has a 12 month low of $2.93 and a 12 month high of $4.65. The stock has a market capitalization of $505.70 million, a price-to-earnings ratio of -1.64 and a beta of 1.14. The company has a debt-to-equity ratio of 5.25, a current ratio of 0.81 and a quick ratio of 0.81.

Consolidated Communications (NASDAQ:CNSL) last posted its quarterly earnings data on Tuesday, March 5th. The utilities provider reported ($0.27) EPS for the quarter. Consolidated Communications had a negative net margin of 22.53% and a negative return on equity of 16.89%. The business had revenue of $275.18 million during the quarter.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of CNSL. Vanguard Group Inc. grew its position in Consolidated Communications by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 6,269,494 shares of the utilities provider’s stock valued at $21,442,000 after buying an additional 128,005 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Consolidated Communications by 3.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,374,522 shares of the utilities provider’s stock worth $10,329,000 after acquiring an additional 73,582 shares during the period. Private Advisor Group LLC raised its holdings in Consolidated Communications by 4.6% during the third quarter. Private Advisor Group LLC now owns 1,980,544 shares of the utilities provider’s stock worth $6,773,000 after purchasing an additional 87,900 shares in the last quarter. Ballentine Partners LLC acquired a new stake in Consolidated Communications in the fourth quarter valued at about $6,871,000. Finally, Hsbc Holdings PLC purchased a new stake in Consolidated Communications in the 4th quarter valued at approximately $2,103,000. 79.98% of the stock is currently owned by hedge funds and other institutional investors.

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.