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

Investment analysts at StockNews.com initiated coverage on shares of Consolidated Communications (NASDAQ:CNSL) in a report issued on Tuesday. The brokerage set a “sell” rating on the utilities provider’s stock.

Consolidated Communications Stock Performance

Shares of CNSL opened at $4.32 on Tuesday. The stock has a market capitalization of $511.62 million, a price-to-earnings ratio of -1.66 and a beta of 1.07. Consolidated Communications has a 12 month low of $2.93 and a 12 month high of $4.65. The firm has a fifty day simple moving average of $4.30 and a 200 day simple moving average of $4.31. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.25.

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

Institutional Trading of Consolidated Communications

Large investors have recently added to or reduced their stakes in the company. Ballentine Partners LLC bought a new stake in shares of Consolidated Communications in the 4th quarter valued at about $6,871,000. Private Advisor Group LLC raised its stake in Consolidated Communications by 54.5% in the first quarter. Private Advisor Group LLC now owns 1,689,559 shares of the utilities provider’s stock valued at $7,299,000 after buying an additional 596,244 shares during the period. Hsbc Holdings PLC acquired a new stake in shares of Consolidated Communications in the fourth quarter valued at approximately $2,103,000. Highbridge Capital Management LLC acquired a new position in shares of Consolidated Communications during the 4th quarter worth approximately $1,343,000. Finally, Olympiad Research LP bought a new stake in Consolidated Communications in the 4th quarter valued at $1,005,000. Institutional investors and hedge funds own 79.98% of the company’s stock.

About Consolidated Communications

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.