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

StockNews.com assumed coverage on shares of Consolidated Communications (NASDAQ:CNSL - Free Report) in a research report released on Tuesday. The firm issued a sell rating on the utilities provider's stock.

Consolidated Communications Stock Performance

CNSL remained flat at $4.32 during trading on Tuesday. The company's stock had a trading volume of 405,475 shares, compared to its average volume of 749,760. The stock has a 50-day moving average price of $4.30 and a 200 day moving average price of $4.30. The firm has a market capitalization of $511.62 million, a price-to-earnings ratio of -1.66 and a beta of 1.07. Consolidated Communications has a one year low of $2.93 and a one year high of $4.65. The company has a debt-to-equity ratio of 5.25, a quick ratio of 0.81 and a current ratio of 0.81.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Consolidated Communications by 22.1% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 17,922 shares of the utilities provider's stock valued at $78,000 after acquiring an additional 3,243 shares during the period. Swiss National Bank increased its holdings 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 valued at $570,000 after acquiring an additional 4,800 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Consolidated Communications by 39.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,982 shares of the utilities provider's stock valued at $74,000 after acquiring an additional 4,803 shares during the period. Kingswood Wealth Advisors LLC purchased a new position in shares of Consolidated Communications in the 4th quarter valued at $47,000. Finally, Black Maple Capital Management LP increased its holdings in shares of Consolidated Communications by 93.9% in the 4th quarter. Black Maple Capital Management LP now owns 51,616 shares of the utilities provider's stock valued at $225,000 after acquiring an additional 25,000 shares during the period. 79.98% of the stock is currently owned by hedge funds and other institutional investors.

About Consolidated Communications

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.