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

StockNews.com assumed coverage on shares of Consolidated Communications (NASDAQ:CNSL) in a research report released on Thursday. The firm issued a sell rating on the utilities provider’s stock.

Consolidated Communications Price Performance

Shares of NASDAQ:CNSL opened at $4.72 on Thursday. The company has a market capitalization of $559.18 million, a P/E ratio of -2.30 and a beta of 0.98. Consolidated Communications has a 1-year low of $4.18 and a 1-year high of $4.75. The firm’s 50 day simple moving average is $4.69 and its two-hundred day simple moving average is $4.62. The company has a debt-to-equity ratio of 10.13, a current ratio of 0.76 and a quick ratio of 0.76.

Institutional Investors Weigh In On Consolidated Communications

A number of institutional investors have recently bought and sold shares of the business. Virtu Financial LLC purchased a new position in shares of Consolidated Communications in the third quarter valued at about $47,000. Quantinno Capital Management LP bought a new position in Consolidated Communications in the 3rd quarter worth approximately $53,000. Quantbot Technologies LP purchased a new stake in Consolidated Communications during the 3rd quarter valued at approximately $55,000. AQR Capital Management LLC raised its position in shares of Consolidated Communications by 22.1% during the second quarter. AQR Capital Management LLC now owns 28,017 shares of the utilities provider’s stock valued at $123,000 after buying an additional 5,074 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Consolidated Communications by 14.2% in the second quarter. The Manufacturers Life Insurance Company now owns 32,657 shares of the utilities provider’s stock worth $144,000 after buying an additional 4,061 shares in the last quarter. Hedge funds and other institutional investors own 79.98% of the company’s stock.

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.