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

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

Consolidated Communications Price Performance

CNSL remained flat at $4.32 during midday trading on Friday. 236,734 shares of the company’s stock were exchanged, compared to its average volume of 353,657. Consolidated Communications has a 1 year low of $2.93 and a 1 year high of $4.65. The company’s 50 day moving average is $4.30 and its 200-day moving average is $4.33. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 6.09.

Consolidated Communications (NASDAQ:CNSL) last announced its earnings results on Tuesday, March 5th. The utilities provider reported ($0.27) EPS for the quarter. Consolidated Communications had a negative return on equity of 19.47% and a negative net margin of 22.42%. The business had revenue of $275.18 million for the quarter.

Institutional Trading of Consolidated Communications

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ballentine Partners LLC acquired a new stake in shares of Consolidated Communications during the 4th quarter worth approximately $6,871,000. Charles Schwab Investment Management Inc. raised its position in shares of Consolidated Communications by 7.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,300,940 shares of the utilities provider’s stock valued at $7,869,000 after acquiring an additional 153,318 shares during the last quarter. Swiss National Bank boosted its position in shares of Consolidated Communications by 3.0% in the 3rd quarter. Swiss National Bank now owns 166,647 shares of the utilities provider’s stock worth $570,000 after purchasing an additional 4,800 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Consolidated Communications by 2.1% during the third quarter. Vanguard Group Inc. now owns 6,269,494 shares of the utilities provider’s stock worth $21,442,000 after purchasing an additional 128,005 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new position in Consolidated Communications in the fourth quarter valued at about $239,000. 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.