StockNews.com Begins Coverage on Consolidated Communications (NASDAQ:CNSL)

StockNews.com began coverage on shares of Consolidated Communications (NASDAQ:CNSLFree Report) in a research note issued to investors on Wednesday. The brokerage issued a sell rating on the utilities provider’s stock.

Consolidated Communications Stock Performance

Shares of NASDAQ CNSL opened at $4.31 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’s 50-day moving average price is $4.30 and its 200-day moving average price is $4.32. Consolidated Communications has a 52-week low of $2.93 and a 52-week high of $4.65.

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. grew its position in shares of Consolidated Communications by 22.1% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 17,922 shares of the utilities provider’s stock valued at $78,000 after acquiring an additional 3,243 shares during the period. Swiss National Bank boosted its position in shares of Consolidated Communications by 3.0% in the third 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 period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Consolidated Communications by 39.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,982 shares of the utilities provider’s stock worth $74,000 after purchasing an additional 4,803 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of Consolidated Communications by 40.2% during the 1st quarter. BNP Paribas Financial Markets now owns 37,661 shares of the utilities provider’s stock valued at $163,000 after purchasing an additional 10,800 shares during the period. Finally, Kingswood Wealth Advisors LLC purchased a new position in shares of Consolidated Communications in the fourth quarter valued at about $47,000. Institutional investors own 79.98% of the company’s stock.

About Consolidated Communications

(Get Free Report)

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.

Read More

Receive News & Ratings for Consolidated Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Consolidated Communications and related companies with MarketBeat.com's FREE daily email newsletter.