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

StockNews.com started coverage on shares of Consolidated Communications (NASDAQ:CNSL) in a research note released on Tuesday morning. The brokerage issued a sell rating on the utilities provider’s stock.

Consolidated Communications Stock Up 0.2 %

Shares of CNSL opened at $4.72 on Tuesday. The stock’s 50-day moving average price is $4.68 and its two-hundred day moving average price is $4.60. Consolidated Communications has a 12 month low of $4.18 and a 12 month high of $4.75. The company has a market capitalization of $559.17 million, a PE ratio of -2.30 and a beta of 0.98. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 10.13.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CNSL. JPMorgan Chase & Co. raised its stake in Consolidated Communications by 29.5% during the third quarter. JPMorgan Chase & Co. now owns 238,029 shares of the utilities provider’s stock worth $1,104,000 after buying an additional 54,230 shares during the last quarter. 272 Capital LP acquired a new stake in Consolidated Communications during the 3rd quarter worth about $297,000. Virtu Financial LLC bought a new position in shares of Consolidated Communications in the 3rd quarter worth about $47,000. Barclays PLC lifted its stake in shares of Consolidated Communications by 359.7% in the 3rd quarter. Barclays PLC now owns 128,059 shares of the utilities provider’s stock valued at $594,000 after purchasing an additional 100,201 shares during the period. Finally, Jane Street Group LLC boosted its position in shares of Consolidated Communications by 154.9% during the 3rd quarter. Jane Street Group LLC now owns 276,771 shares of the utilities provider’s stock valued at $1,284,000 after purchasing an additional 168,210 shares in the last quarter. Institutional investors 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.