Consolidated Communications (NASDAQ:CNSL) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Consolidated Communications (NASDAQ:CNSL) in a research report sent to investors on Monday. The brokerage issued a sell rating on the utilities provider’s stock.

Consolidated Communications Stock Down 0.2 %

CNSL opened at $4.24 on Monday. Consolidated Communications has a fifty-two week low of $2.93 and a fifty-two week high of $4.65. The company has a debt-to-equity ratio of 5.25, a quick ratio of 0.81 and a current ratio of 0.81. The company has a fifty day moving average of $4.30 and a two-hundred day moving average of $4.28. The stock has a market capitalization of $502.14 million, a price-to-earnings ratio of -1.63 and a beta of 1.07.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kingswood Wealth Advisors LLC acquired a new stake in shares of Consolidated Communications in the fourth quarter valued at about $47,000. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Consolidated Communications in the third quarter valued at about $50,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position 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 valued at $74,000 after purchasing an additional 4,803 shares during the period. AE Wealth Management LLC acquired a new stake in shares of Consolidated Communications in the third quarter valued at about $86,000. Finally, Aristeia Capital LLC acquired a new stake in shares of Consolidated Communications in the third quarter valued at about $144,000. Hedge funds and other 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.