Consolidated Communications (NASDAQ:CNSL) Receives New Coverage from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Consolidated Communications (NASDAQ:CNSLFree Report) in a report released on Friday. The firm issued a sell rating on the utilities provider’s stock.

Consolidated Communications Stock Performance

NASDAQ:CNSL opened at $4.33 on Friday. The stock’s 50 day moving average price is $4.40 and its 200 day moving average price is $4.03. Consolidated Communications has a 52 week low of $2.10 and a 52 week high of $4.65. The company has a market capitalization of $504.40 million, a P/E ratio of -1.74 and a beta of 1.08. The company has a debt-to-equity ratio of 4.40, a quick ratio of 1.01 and a current ratio of 1.01.

Consolidated Communications (NASDAQ:CNSLGet Free Report) last released its quarterly earnings data on Tuesday, November 7th. The utilities provider reported ($0.32) EPS for the quarter. Consolidated Communications had a negative return on equity of 15.04% and a negative net margin of 21.04%. The firm had revenue of $283.65 million during the quarter.

Hedge Funds Weigh In On Consolidated Communications

A number of hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Consolidated Communications by 2.1% during the third quarter. Vanguard Group Inc. now owns 6,269,494 shares of the utilities provider’s stock valued at $21,442,000 after purchasing an additional 128,005 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Consolidated Communications by 3.1% during the first quarter. Dimensional Fund Advisors LP now owns 4,594,098 shares of the utilities provider’s stock valued at $27,106,000 after purchasing an additional 137,110 shares during the last quarter. Wildcat Capital Management LLC grew its holdings in Consolidated Communications by 15.1% during the second quarter. Wildcat Capital Management LLC now owns 3,003,306 shares of the utilities provider’s stock valued at $11,503,000 after purchasing an additional 393,855 shares during the last quarter. State Street Corp grew its stake in shares of Consolidated Communications by 0.7% in the first quarter. State Street Corp now owns 2,952,752 shares of the utilities provider’s stock worth $7,618,000 after acquiring an additional 20,160 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Consolidated Communications by 7.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,300,940 shares of the utilities provider’s stock worth $7,869,000 after acquiring an additional 153,318 shares during the last quarter. Institutional investors and hedge funds own 79.98% of the company’s stock.

About Consolidated Communications

(Get Free Report)

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.

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