Consolidated Communications (NASDAQ:CNSL – Get Rating) had its price target hoisted by investment analysts at Wells Fargo & Company from $6.00 to $7.00 in a report issued on Thursday, Marketbeat reports. The firm presently has an “equal weight” rating on the utilities provider’s stock. Wells Fargo & Company‘s price target would indicate a potential downside of 1.13% from the stock’s current price.
A number of other brokerages have also issued reports on CNSL. Citigroup lowered shares of Consolidated Communications from a “neutral” rating to a “sell” rating and set a $5.00 target price for the company. in a research note on Thursday, July 7th. TheStreet lowered shares of Consolidated Communications from a “c-” rating to a “d+” rating in a research note on Friday, May 6th. Finally, StockNews.com lowered shares of Consolidated Communications from a “hold” rating to a “sell” rating in a research note on Monday, July 18th.
Consolidated Communications Trading Up 0.1 %
Shares of NASDAQ:CNSL opened at $7.08 on Thursday. The firm has a fifty day moving average of $7.04 and a two-hundred day moving average of $6.58. Consolidated Communications has a 12-month low of $4.51 and a 12-month high of $9.70. The company has a debt-to-equity ratio of 4.98, a current ratio of 1.07 and a quick ratio of 1.44.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the company. Captrust Financial Advisors raised its holdings in Consolidated Communications by 38.2% in the 1st 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 during the period. Bank of Montreal Can raised its holdings in Consolidated Communications by 12.8% in the 1st quarter. Bank of Montreal Can now owns 22,615 shares of the utilities provider’s stock worth $136,000 after acquiring an additional 2,563 shares during the period. Teacher Retirement System of Texas raised its holdings in Consolidated Communications by 22.4% in the 4th quarter. Teacher Retirement System of Texas now owns 14,064 shares of the utilities provider’s stock worth $105,000 after acquiring an additional 2,572 shares during the period. Syntax Advisors LLC raised its holdings in Consolidated Communications by 29.9% in the 1st quarter. Syntax Advisors LLC now owns 13,757 shares of the utilities provider’s stock worth $81,000 after acquiring an additional 3,165 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in Consolidated Communications by 6.8% in the 2nd quarter. Victory Capital Management Inc. now owns 53,074 shares of the utilities provider’s stock worth $372,000 after acquiring an additional 3,361 shares during the period. Institutional investors own 93.88% 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 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; data center and disaster recovery solutions; and wholesale services to regional and national interexchange, and wireless carriers comprising cellular backhaul and other fiber transport solutions.
- Get a free copy of the StockNews.com research report on Consolidated Communications (CNSL)
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