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

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

Consolidated Communications Stock Performance

CNSL stock opened at $4.30 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.25. The firm has a market cap of $509.25 million, a PE ratio of -1.65 and a beta of 1.14. The business has a 50 day moving average of $4.30 and a 200-day moving average of $4.31. Consolidated Communications has a 12-month low of $2.93 and a 12-month high of $4.65.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ballentine Partners LLC bought a new position in Consolidated Communications during the fourth quarter valued at $6,871,000. Private Advisor Group LLC boosted its holdings in Consolidated Communications by 54.5% in the 1st quarter. Private Advisor Group LLC now owns 1,689,559 shares of the utilities provider’s stock valued at $7,299,000 after purchasing an additional 596,244 shares during the period. Hsbc Holdings PLC purchased a new position in shares of Consolidated Communications during the 4th quarter valued at $2,103,000. Highbridge Capital Management LLC bought a new position in shares of Consolidated Communications in the fourth quarter worth $1,343,000. Finally, Olympiad Research LP purchased a new stake in shares of Consolidated Communications in the fourth quarter worth $1,005,000. 79.98% of the stock is currently owned by hedge funds and other institutional investors.

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.