Initiates Coverage on Consolidated Communications (NASDAQ:CNSL)

Analysts at initiated coverage on shares of Consolidated Communications (NASDAQ:CNSLGet Free Report) in a research note issued on Sunday. The brokerage set a “sell” rating on the utilities provider’s stock.

Consolidated Communications Price Performance

Shares of NASDAQ:CNSL opened at $4.39 on Friday. The firm has a market capitalization of $519.91 million, a PE ratio of -1.69 and a beta of 1.07. The company has a debt-to-equity ratio of 6.09, a quick ratio of 0.93 and a current ratio of 0.93. Consolidated Communications has a 52-week low of $2.93 and a 52-week high of $4.65. The firm has a fifty day moving average of $4.31 and a 200 day moving average of $4.34.

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

Hedge Funds Weigh In On Consolidated Communications

Several institutional investors and hedge funds have recently made changes to their positions in CNSL. Kingswood Wealth Advisors LLC purchased a new stake in Consolidated Communications during the fourth quarter valued at about $47,000. Innealta Capital LLC purchased a new stake in Consolidated Communications during the 1st quarter valued at about $53,000. Envestnet Portfolio Solutions Inc. bought a new position in Consolidated Communications during the 3rd quarter worth approximately $50,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Consolidated Communications by 39.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,982 shares of the utilities provider’s stock valued at $74,000 after purchasing an additional 4,803 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new stake in Consolidated Communications in the first quarter valued at approximately $83,000. Institutional investors own 79.98% of the company’s stock.

Consolidated Communications Company Profile

(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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