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

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

Consolidated Communications Trading Down 0.2 %

NASDAQ:CNSL opened at $4.24 on Monday. Consolidated Communications has a fifty-two week low of $2.93 and a fifty-two week high of $4.65. The company has a debt-to-equity ratio of 5.25, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market capitalization of $502.14 million, a PE ratio of -1.63 and a beta of 1.07. The business’s 50-day simple moving average is $4.30 and its 200-day simple moving average is $4.28.

Consolidated Communications (NASDAQ:CNSL) last released its quarterly earnings data on Tuesday, March 5th. The utilities provider reported ($0.27) earnings per share for the quarter. Consolidated Communications had a negative net margin of 22.53% and a negative return on equity of 16.89%. The business had revenue of $275.18 million for the quarter.

Institutional Investors Weigh In On Consolidated Communications

Several institutional investors have recently bought and sold shares of CNSL. AE Wealth Management LLC bought a new stake in Consolidated Communications in the 3rd quarter valued at approximately $86,000. SG Americas Securities LLC lifted its stake in Consolidated Communications by 180.5% in the 3rd quarter. SG Americas Securities LLC now owns 67,464 shares of the utilities provider’s stock valued at $231,000 after acquiring an additional 43,411 shares in the last quarter. Private Advisor Group LLC lifted its stake in Consolidated Communications by 4.6% in the 3rd quarter. Private Advisor Group LLC now owns 1,980,544 shares of the utilities provider’s stock valued at $6,773,000 after acquiring an additional 87,900 shares in the last quarter. Illinois Municipal Retirement Fund bought a new stake in Consolidated Communications in the 3rd quarter valued at approximately $165,000. Finally, Swiss National Bank lifted its stake in Consolidated Communications by 3.0% in the 3rd quarter. Swiss National Bank now owns 166,647 shares of the utilities provider’s stock valued at $570,000 after acquiring an additional 4,800 shares in the last quarter. Institutional investors own 79.98% of the company’s stock.

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.