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

StockNews.com started coverage on shares of Consolidated Communications (NASDAQ:CNSL) in a research note issued to investors on Monday. The brokerage issued a sell rating on the utilities provider’s stock.

Consolidated Communications Stock Down 0.9 %

Shares of CNSL stock opened at $4.23 on Monday. The company’s fifty day simple moving average is $4.30 and its two-hundred day simple moving average is $4.28. Consolidated Communications has a 52 week low of $2.93 and a 52 week high of $4.65. The stock has a market cap of $500.96 million, a P/E ratio of -1.63 and a beta of 1.07. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.25.

Consolidated Communications (NASDAQ:CNSL) last posted its earnings results on Tuesday, March 5th. The utilities provider reported ($0.27) EPS for the quarter. The firm had revenue of $275.18 million during the quarter. Consolidated Communications had a negative return on equity of 16.89% and a negative net margin of 22.53%.

Institutional Investors Weigh In On Consolidated Communications

A number of hedge funds have recently bought and sold shares of CNSL. Ballentine Partners LLC bought a new stake in shares of Consolidated Communications in the 4th quarter worth about $6,871,000. Charles Schwab Investment Management Inc. increased its stake in Consolidated Communications by 7.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,300,940 shares of the utilities provider’s stock worth $7,869,000 after acquiring an additional 153,318 shares during the last quarter. Swiss National Bank raised its position in Consolidated Communications by 3.0% during the third quarter. Swiss National Bank now owns 166,647 shares of the utilities provider’s stock valued at $570,000 after purchasing an additional 4,800 shares during the period. Vanguard Group Inc. lifted its stake in shares of Consolidated Communications by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 6,269,494 shares of the utilities provider’s stock valued at $21,442,000 after purchasing an additional 128,005 shares during the last quarter. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Consolidated Communications in the 4th quarter valued at approximately $239,000. 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.