StockNews.com Begins Coverage on Consolidated Communications (NASDAQ:CNSL)

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

Consolidated Communications Stock Up 0.2 %

CNSL stock opened at $4.46 on Friday. Consolidated Communications has a 12 month low of $3.19 and a 12 month high of $4.65. The firm has a market cap of $528.20 million, a PE ratio of -1.72 and a beta of 1.00. The firm has a 50 day simple moving average of $4.38 and a 200 day simple moving average of $4.35. The company has a debt-to-equity ratio of 6.09, a current ratio of 0.93 and a quick ratio of 0.93.

Consolidated Communications (NASDAQ:CNSL) last issued its quarterly earnings results on Tuesday, May 7th. The utilities provider reported ($0.28) EPS for the quarter. The firm 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%.

Institutional Investors Weigh In On Consolidated Communications

Several hedge funds have recently made changes to their positions in CNSL. Kingswood Wealth Advisors LLC purchased a new stake in shares of Consolidated Communications in the 4th quarter valued at approximately $47,000. Innealta Capital LLC acquired a new position in Consolidated Communications in the 1st quarter valued at approximately $53,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Consolidated Communications by 39.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,982 shares of the utilities provider’s stock valued at $74,000 after buying an additional 4,803 shares during the period. Envestnet Portfolio Solutions Inc. increased its stake in Consolidated Communications by 22.1% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 17,922 shares of the utilities provider’s stock valued at $78,000 after buying an additional 3,243 shares during the period. Finally, Susquehanna Fundamental Investments LLC acquired a new position in Consolidated Communications in the 1st quarter valued at approximately $83,000. 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.