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

StockNews.com initiated coverage on shares of Consolidated Communications (NASDAQ:CNSL) in a research report report published on Tuesday. The brokerage issued a sell rating on the utilities provider’s stock.

Consolidated Communications Stock Performance

CNSL opened at $4.40 on Tuesday. Consolidated Communications has a twelve month low of $2.93 and a twelve month high of $4.65. The stock has a market cap of $521.09 million, a PE ratio of -1.70 and a beta of 1.07. The business’s 50 day moving average is $4.33 and its 200-day moving average is $4.35. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 6.09.

Consolidated Communications (NASDAQ:CNSL) last released its quarterly earnings results on Tuesday, May 7th. The utilities provider reported ($0.28) earnings per share (EPS) for the quarter. The business had revenue of $274.68 million during the quarter. Consolidated Communications had a negative return on equity of 19.47% and a negative net margin of 22.42%.

Institutional Investors Weigh In On Consolidated Communications

Several large investors have recently modified their holdings of CNSL. Vanguard Group Inc. raised its holdings in shares of Consolidated Communications by 2.1% during the third quarter. Vanguard Group Inc. now owns 6,269,494 shares of the utilities provider’s stock valued at $21,442,000 after acquiring an additional 128,005 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Consolidated Communications by 3.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,374,522 shares of the utilities provider’s stock valued at $10,329,000 after purchasing an additional 73,582 shares during the period. Private Advisor Group LLC lifted its holdings in shares of Consolidated Communications by 54.5% in the first quarter. Private Advisor Group LLC now owns 1,689,559 shares of the utilities provider’s stock valued at $7,299,000 after purchasing an additional 596,244 shares in the last quarter. Ballentine Partners LLC acquired a new stake in shares of Consolidated Communications in the fourth quarter worth $6,871,000. Finally, Hsbc Holdings PLC purchased a new position in shares of Consolidated Communications during the fourth quarter valued at $2,103,000. 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.