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

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

Consolidated Communications Stock Performance

Consolidated Communications stock opened at $4.72 on Wednesday. Consolidated Communications has a 12-month low of $4.18 and a 12-month high of $4.75. The company has a debt-to-equity ratio of 10.13, a current ratio of 0.76 and a quick ratio of 0.76. The company has a market capitalization of $559.18 million, a price-to-earnings ratio of -2.30 and a beta of 0.98. The firm’s fifty day moving average price is $4.69 and its 200 day moving average price is $4.61.

Institutional Investors Weigh In On Consolidated Communications

Hedge funds and other institutional investors have recently bought and sold shares of the business. Virtu Financial LLC purchased a new position in shares of Consolidated Communications during the 3rd quarter valued at approximately $47,000. Quantinno Capital Management LP acquired a new stake in Consolidated Communications in the third quarter valued at $53,000. Quantbot Technologies LP acquired a new stake in Consolidated Communications in the third quarter valued at $55,000. AQR Capital Management LLC boosted its stake in Consolidated Communications by 22.1% during the 2nd quarter. AQR Capital Management LLC now owns 28,017 shares of the utilities provider’s stock valued at $123,000 after acquiring an additional 5,074 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in Consolidated Communications by 14.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 32,657 shares of the utilities provider’s stock worth $144,000 after acquiring an additional 4,061 shares in the last quarter. 79.98% of the stock is currently owned by hedge funds and other institutional investors.

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.