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

Equities researchers at StockNews.com assumed coverage on shares of Consolidated Communications (NASDAQ:CNSLGet Free Report) in a research report issued on Thursday. The firm set a “sell” rating on the utilities provider’s stock.

Consolidated Communications Stock Up 0.2 %

Shares of NASDAQ CNSL opened at $4.32 on Thursday. The stock has a market cap of $501.12 million, a PE ratio of -1.66 and a beta of 1.08. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.25. Consolidated Communications has a 52-week low of $2.10 and a 52-week high of $4.65. The business has a 50-day moving average price of $4.35 and a 200 day moving average price of $4.15.

Institutional Trading of Consolidated Communications

A number of hedge funds have recently added to or reduced their stakes in the stock. UBS Group AG lifted its position in Consolidated Communications by 8.5% during the 2nd quarter. UBS Group AG now owns 24,569 shares of the utilities provider’s stock worth $173,000 after acquiring an additional 1,933 shares during the period. Captrust Financial Advisors lifted its position in Consolidated Communications by 38.2% during the 1st quarter. Captrust Financial Advisors now owns 7,183 shares of the utilities provider’s stock worth $42,000 after acquiring an additional 1,987 shares during the period. Creative Planning lifted its position in Consolidated Communications by 5.8% during the 2nd quarter. Creative Planning now owns 40,819 shares of the utilities provider’s stock worth $286,000 after acquiring an additional 2,250 shares during the period. Credit Suisse AG lifted its position in Consolidated Communications by 5.0% during the 3rd quarter. Credit Suisse AG now owns 51,216 shares of the utilities provider’s stock worth $214,000 after acquiring an additional 2,462 shares during the period. Finally, Bank of Montreal Can lifted its position in Consolidated Communications by 12.8% during the 1st quarter. Bank of Montreal Can now owns 22,615 shares of the utilities provider’s stock worth $136,000 after acquiring an additional 2,563 shares during the period. 79.98% of the stock is owned by institutional investors and hedge funds.

Consolidated Communications Company Profile

(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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