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

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

Consolidated Communications Price Performance

NASDAQ:CNSL opened at $4.23 on Monday. The company has a 50 day moving average price of $4.30 and a 200-day moving average price of $4.28. Consolidated Communications has a 1-year low of $2.93 and a 1-year high of $4.65. The firm has a market cap of $500.96 million, a price-to-earnings ratio of -1.63 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.

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

Institutional Trading of Consolidated Communications

Several institutional investors have recently bought and sold shares of the business. AE Wealth Management LLC acquired a new position in shares of Consolidated Communications during the 3rd quarter worth approximately $86,000. SG Americas Securities LLC lifted its holdings in Consolidated Communications by 180.5% during the third quarter. SG Americas Securities LLC now owns 67,464 shares of the utilities provider’s stock valued at $231,000 after purchasing an additional 43,411 shares in the last quarter. Private Advisor Group LLC grew its position in shares of Consolidated Communications by 4.6% in the third quarter. Private Advisor Group LLC now owns 1,980,544 shares of the utilities provider’s stock valued at $6,773,000 after purchasing an additional 87,900 shares during the period. Illinois Municipal Retirement Fund purchased a new stake in shares of Consolidated Communications during the third quarter worth about $165,000. Finally, Swiss National Bank raised its position in shares of Consolidated Communications by 3.0% during the 3rd quarter. Swiss National Bank now owns 166,647 shares of the utilities provider’s stock worth $570,000 after purchasing an additional 4,800 shares during the last quarter. 79.98% of the stock is owned by institutional investors and hedge funds.

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.