Consolidated Communications (NASDAQ:CNSL) Coverage Initiated by Analysts at StockNews.com

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

Consolidated Communications Stock Performance

Shares of NASDAQ:CNSL opened at $4.32 on Tuesday. The company has a market capitalization of $511.62 million, a price-to-earnings ratio of -1.66 and a beta of 1.07. The firm’s 50 day simple moving average is $4.30 and its 200 day simple moving average is $4.30. 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 has a fifty-two week low of $2.93 and a fifty-two week high of $4.65.

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

Institutional Investors Weigh In On Consolidated Communications

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

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.