Stock analysts at StockNews.com assumed coverage on shares of Consolidated Communications (NASDAQ:CNSL - Get Free Report) in a research report issued to clients and investors on Thursday. The brokerage set a "sell" rating on the utilities provider's stock.
Consolidated Communications Trading Up 0.2 %
Shares of CNSL traded up $0.01 during mid-day trading on Thursday, hitting $4.34. 345,598 shares of the company's stock traded hands, compared to its average volume of 698,080. The firm has a market capitalization of $513.99 million, a P/E ratio of -1.68 and a beta of 1.14. The business's 50-day moving average price is $4.30 and its 200-day moving average price is $4.32. Consolidated Communications has a 1 year low of $2.93 and a 1 year high of $4.65. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 6.09.
Consolidated Communications (NASDAQ:CNSL - Get Free Report) last announced its quarterly earnings data on Tuesday, March 5th. The utilities provider reported ($0.27) EPS for the quarter. Consolidated Communications had a negative net margin of 22.42% and a negative return on equity of 19.47%. The firm had revenue of $275.18 million for the quarter.
Hedge Funds Weigh In On Consolidated Communications
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Kingswood Wealth Advisors LLC purchased a new position in shares of Consolidated Communications in the fourth quarter worth $47,000. Envestnet Portfolio Solutions Inc. bought a new stake in Consolidated Communications during the third quarter valued at about $50,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Consolidated Communications by 39.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,982 shares of the utilities provider's stock valued at $74,000 after purchasing an additional 4,803 shares during the period. Susquehanna Fundamental Investments LLC bought a new stake in Consolidated Communications during the first quarter valued at about $83,000. Finally, Gamco Investors INC. ET AL bought a new stake in Consolidated Communications during the first quarter valued at about $110,000. 79.98% of the stock is owned by institutional investors.
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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