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

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

Consolidated Communications Stock Up 0.2 %

CNSL opened at $4.72 on Wednesday. The firm has a 50 day moving average price of $4.68 and a 200 day moving average price of $4.61. The company has a market cap of $559.18 million, a PE ratio of -2.30 and a beta of 0.98. Consolidated Communications has a 1 year low of $4.18 and a 1 year high of $4.75. The company has a debt-to-equity ratio of 10.13, a quick ratio of 0.76 and a current ratio of 0.76.

Institutional Trading of Consolidated Communications

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Virtu Financial LLC acquired a new stake in Consolidated Communications in the third quarter valued at approximately $47,000. Quantinno Capital Management LP acquired a new stake in Consolidated Communications in the third quarter valued at approximately $53,000. Quantbot Technologies LP acquired a new stake in Consolidated Communications in the third quarter valued at approximately $55,000. AQR Capital Management LLC grew its position in Consolidated Communications by 22.1% in the second quarter. AQR Capital Management LLC now owns 28,017 shares of the utilities provider’s stock valued at $123,000 after acquiring an additional 5,074 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in Consolidated Communications by 14.2% in the second quarter. The Manufacturers Life Insurance Company now owns 32,657 shares of the utilities provider’s stock valued at $144,000 after acquiring an additional 4,061 shares in the last quarter. Institutional investors and hedge funds 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.