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 Wednesday. The firm issued a sell rating on the utilities provider’s stock.

Consolidated Communications Price Performance

CNSL stock opened at $4.72 on Wednesday. The stock has a market capitalization of $559.18 million, a price-to-earnings ratio of -2.30 and a beta of 0.98. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 10.13. Consolidated Communications has a 52-week low of $4.18 and a 52-week high of $4.75. The stock’s fifty day simple moving average is $4.69 and its 200-day simple moving average is $4.61.

Institutional Trading of Consolidated Communications

Institutional investors and hedge funds have recently made changes to their positions in the company. The Manufacturers Life Insurance Company increased its stake in Consolidated Communications by 14.2% during the second 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 during the last quarter. Rhumbline Advisers grew its holdings in shares of Consolidated Communications by 2.1% during the 2nd quarter. Rhumbline Advisers now owns 244,967 shares of the utilities provider’s stock worth $1,078,000 after purchasing an additional 5,066 shares during the period. AQR Capital Management LLC increased its position 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 worth $123,000 after purchasing an additional 5,074 shares in the last quarter. Virtu Financial LLC purchased a new position in Consolidated Communications in the third quarter valued at approximately $47,000. Finally, Quantinno Capital Management LP acquired a new position in Consolidated Communications during the third quarter valued at approximately $53,000. 79.98% of the stock is currently owned by institutional investors and hedge funds.

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.