Consolidated Communications (NASDAQ:CNSL) Stock Passes Above 200 Day Moving Average of $4.38

Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $4.38 and traded as high as $4.57. Consolidated Communications shares last traded at $4.56, with a volume of 461,729 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Consolidated Communications in a research report on Saturday, July 27th. They issued a “sell” rating on the stock.

Consolidated Communications Trading Down 0.2 %

The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 6.09. The firm’s fifty day moving average is $4.49 and its two-hundred day moving average is $4.38. The firm has a market cap of $540.04 million, a P/E ratio of -1.76 and a beta of 1.00.

Consolidated Communications (NASDAQ:CNSL) last announced its earnings results on Tuesday, August 6th. The utilities provider reported ($0.39) earnings per share for the quarter. Consolidated Communications had a negative net margin of 22.42% and a negative return on equity of 19.47%. The company had revenue of $268.71 million for the quarter.

Institutional Trading of Consolidated Communications

Several large investors have recently bought and sold shares of the company. Innealta Capital LLC bought a new position in shares of Consolidated Communications in the 1st quarter worth approximately $53,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake 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 worth $74,000 after purchasing an additional 4,803 shares during the period. Envestnet Portfolio Solutions Inc. raised its holdings in Consolidated Communications by 22.1% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 17,922 shares of the utilities provider’s stock worth $78,000 after purchasing an additional 3,243 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in Consolidated Communications during the first quarter valued at $83,000. Finally, Gamco Investors INC. ET AL bought a new stake in shares of Consolidated Communications during the 1st quarter valued at $110,000. 79.98% of the stock is owned by institutional investors.

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.