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

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

Consolidated Communications Price Performance

Shares of Consolidated Communications stock opened at $4.32 on Tuesday. Consolidated Communications has a 1-year low of $2.93 and a 1-year high of $4.65. The company has a market capitalization of $511.62 million, a PE ratio of -1.66 and a beta of 1.07. The company has a debt-to-equity ratio of 5.25, a current ratio of 0.81 and a quick ratio of 0.81. The business has a 50-day moving average of $4.30 and a 200-day moving average of $4.30.

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

Institutional Trading of Consolidated Communications

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Kingswood Wealth Advisors LLC bought a new position in Consolidated Communications during the 4th quarter valued at $47,000. Envestnet Portfolio Solutions Inc. acquired a new position in Consolidated Communications in the third quarter worth about $50,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Consolidated Communications by 39.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,982 shares of the utilities provider’s stock valued at $74,000 after buying an additional 4,803 shares during the last quarter. AE Wealth Management LLC acquired a new stake in Consolidated Communications during the third quarter valued at approximately $86,000. Finally, Aristeia Capital LLC bought a new position in Consolidated Communications during the 3rd quarter worth approximately $144,000. 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.