Consolidated Communications (NASDAQ:CNSL) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Consolidated Communications (NASDAQ:CNSL – Get Rating) in a research note issued on Friday. The brokerage set a “sell” rating on the utilities provider’s stock.

A number of other brokerages have also recently commented on CNSL. Cowen decreased their price objective on Consolidated Communications from $6.50 to $4.50 in a research note on Wednesday, March 1st. Citigroup decreased their target price on Consolidated Communications from $4.00 to $2.50 and set a “sell” rating for the company in a research report on Thursday, March 2nd.

Consolidated Communications Price Performance

Shares of CNSL stock opened at $2.52 on Friday. The firm’s 50 day moving average price is $3.91 and its two-hundred day moving average price is $4.40. The company has a debt-to-equity ratio of 2.97, a quick ratio of 2.24 and a current ratio of 2.24. Consolidated Communications has a 52-week low of $2.39 and a 52-week high of $8.49. The stock has a market cap of $288.99 million, a PE ratio of 3.07 and a beta of 1.26.

Institutional Trading of Consolidated Communications

Several hedge funds have recently added to or reduced their stakes in the business. Captrust Financial Advisors increased its holdings in shares of Consolidated Communications by 38.2% in the first quarter. Captrust Financial Advisors now owns 7,183 shares of the utilities provider’s stock worth $42,000 after acquiring an additional 1,987 shares in the last quarter. Gladius Capital Management LP acquired a new stake in Consolidated Communications during the 4th quarter worth approximately $28,000. Indiana Trust & Investment Management CO acquired a new position in shares of Consolidated Communications in the third quarter valued at approximately $42,000. Nisa Investment Advisors LLC increased its position in shares of Consolidated Communications by 142.4% during the third quarter. Nisa Investment Advisors LLC now owns 10,060 shares of the utilities provider’s stock worth $44,000 after acquiring an additional 5,910 shares in the last quarter. Finally, HBK Sorce Advisory LLC acquired a new stake in shares of Consolidated Communications during the fourth quarter worth $36,000. Institutional investors and hedge funds own 80.20% of the company’s stock.

About Consolidated Communications

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Consolidated Communications Holdings, Inc engages in the provision of business and broadband communications services. It provides integrated communication services in consumer, commercial, and carrier channels in California, Illinois, Iowa, Kansas, Minnesota, Missouri, North Dakota, Pennsylvania, South Dakota, Texas, and Wisconsin.