Consolidated Communications (NASDAQ:CNSL) Raised to “C” at TheStreet

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TheStreet upgraded shares of Consolidated Communications (NASDAQ:CNSL) from a d+ rating to a c rating in a report issued on Thursday, TheStreetRatingsTable reports.

Separately, BidaskClub cut Consolidated Communications from a strong-buy rating to a buy rating in a research note on Tuesday, March 17th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. Consolidated Communications has a consensus rating of Hold and an average price target of $4.63.

NASDAQ CNSL opened at $5.66 on Thursday. The firm’s 50 day moving average price is $5.46 and its two-hundred day moving average price is $4.81. The company has a debt-to-equity ratio of 6.25, a quick ratio of 0.78 and a current ratio of 0.78. Consolidated Communications has a twelve month low of $3.24 and a twelve month high of $7.51. The stock has a market cap of $411.23 million, a price-to-earnings ratio of 141.54 and a beta of 1.21.

Consolidated Communications (NASDAQ:CNSL) last issued its earnings results on Thursday, April 30th. The utilities provider reported $0.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.12. The business had revenue of $325.66 million during the quarter. Consolidated Communications had a return on equity of 4.08% and a net margin of 0.18%.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Advisor Group Holdings Inc. acquired a new stake in shares of Consolidated Communications during the 1st quarter valued at about $76,000. Engineers Gate Manager LP acquired a new stake in Consolidated Communications in the first quarter valued at approximately $447,000. Squarepoint Ops LLC bought a new stake in Consolidated Communications in the first quarter worth approximately $64,000. Meeder Asset Management Inc. raised its holdings in shares of Consolidated Communications by 395.2% during the 1st quarter. Meeder Asset Management Inc. now owns 10,686 shares of the utilities provider’s stock valued at $49,000 after purchasing an additional 8,528 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake in shares of Consolidated Communications by 152.0% in the 1st quarter. Thrivent Financial for Lutherans now owns 144,636 shares of the utilities provider’s stock valued at $658,000 after purchasing an additional 87,247 shares during the last quarter. Hedge funds and other institutional investors own 75.63% of the company’s stock.

Consolidated Communications Company Profile

Consolidated Communications Holdings, Inc, through its subsidiaries, provides telecommunications services to business and residential customers in the United States. It offers high-speed broadband Internet access and voice over Internet protocol (VoIP) phone services to small, medium, and large business customers; commercial data connectivity services in select markets, including a portfolio of Ethernet services, software defined wide area network, multi-protocol label switching, and private line services; and wholesale services to regional and national interexchange and wireless carriers, including cellular backhaul, dark fiber, and other fiber transport solutions.

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