Consolidated Communications (NASDAQ:CNSL) Receives New Coverage from Analysts at StockNews.com

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

Consolidated Communications Stock Down 0.2 %

Shares of NASDAQ CNSL opened at $4.32 on Friday. The stock has a market capitalization of $501.13 million, a price-to-earnings ratio of -1.66 and a beta of 1.08. Consolidated Communications has a 12-month low of $2.22 and a 12-month high of $4.65. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.25. The firm’s 50-day moving average price is $4.33 and its 200-day moving average price is $4.18.

Consolidated Communications (NASDAQ:CNSLGet Free Report) last issued its quarterly earnings data on Tuesday, March 5th. The utilities provider reported ($0.27) earnings per share (EPS) for the quarter. The company had revenue of $275.18 million for the quarter. Consolidated Communications had a negative net margin of 22.53% and a negative return on equity of 16.89%.

Hedge Funds Weigh In On Consolidated Communications

Several large investors have recently modified their holdings of the stock. UBS Group AG increased its position in shares of Consolidated Communications by 8.5% during the 2nd quarter. UBS Group AG now owns 24,569 shares of the utilities provider’s stock valued at $173,000 after purchasing an additional 1,933 shares during the last quarter. Captrust Financial Advisors increased its position in shares of Consolidated Communications by 38.2% during the 1st quarter. Captrust Financial Advisors now owns 7,183 shares of the utilities provider’s stock valued at $42,000 after purchasing an additional 1,987 shares during the last quarter. Creative Planning increased its position in shares of Consolidated Communications by 5.8% during the 2nd quarter. Creative Planning now owns 40,819 shares of the utilities provider’s stock valued at $286,000 after purchasing an additional 2,250 shares during the last quarter. Credit Suisse AG increased its position in shares of Consolidated Communications by 5.0% during the 3rd quarter. Credit Suisse AG now owns 51,216 shares of the utilities provider’s stock valued at $214,000 after purchasing an additional 2,462 shares during the last quarter. Finally, Bank of Montreal Can increased its position in shares of Consolidated Communications by 12.8% during the 1st quarter. Bank of Montreal Can now owns 22,615 shares of the utilities provider’s stock valued at $136,000 after purchasing an additional 2,563 shares during the last quarter. 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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