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

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

Consolidated Communications Stock Performance

Shares of CNSL opened at $4.35 on Monday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 6.09. The business’s 50 day moving average price is $4.32 and its 200-day moving average price is $4.35. Consolidated Communications has a 52 week low of $2.93 and a 52 week high of $4.65. The stock has a market cap of $515.17 million, a P/E ratio of -1.68 and a beta of 1.07.

Consolidated Communications (NASDAQ:CNSL) last released its quarterly earnings data on Tuesday, May 7th. The utilities provider reported ($0.28) earnings per share (EPS) for the quarter. The business had revenue of $274.68 million during the quarter. Consolidated Communications had a negative net margin of 22.42% and a negative return on equity of 19.47%.

Hedge Funds Weigh In On Consolidated Communications

Institutional investors have recently bought and sold shares of the stock. Ballentine Partners LLC bought a new stake in Consolidated Communications during the fourth quarter valued at about $6,871,000. Private Advisor Group LLC raised its holdings in Consolidated Communications by 54.5% during the first quarter. Private Advisor Group LLC now owns 1,689,559 shares of the utilities provider’s stock valued at $7,299,000 after acquiring an additional 596,244 shares during the period. Hsbc Holdings PLC bought a new stake in Consolidated Communications during the fourth quarter valued at about $2,103,000. Gabelli Funds LLC raised its holdings in Consolidated Communications by 2,427.1% during the first quarter. Gabelli Funds LLC now owns 379,061 shares of the utilities provider’s stock valued at $1,638,000 after acquiring an additional 364,061 shares during the period. Finally, GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in Consolidated Communications during the first quarter valued at about $1,488,000. 79.98% of the stock is 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.