Consolidated Communications (NASDAQ:CNSL) issued its quarterly earnings data on Thursday. The utilities provider reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.11, MarketWatch Earnings reports. Consolidated Communications had a net margin of 1.80% and a return on equity of 8.68%. The business had revenue of $325.18 million during the quarter.
CNSL traded down $0.11 during midday trading on Friday, reaching $7.30. The company had a trading volume of 869,037 shares, compared to its average volume of 427,236. The company has a debt-to-equity ratio of 5.91, a quick ratio of 0.78 and a current ratio of 0.93. The stock has a market cap of $533.19 million, a PE ratio of 22.12 and a beta of 1.21. Consolidated Communications has a 12-month low of $3.24 and a 12-month high of $7.51. The business has a 50-day moving average price of $6.28 and a two-hundred day moving average price of $5.65.
A number of research firms have weighed in on CNSL. BidaskClub cut shares of Consolidated Communications from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 11th. TheStreet upgraded shares of Consolidated Communications from a “d+” rating to a “c” rating in a research note on Thursday, May 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $3.50.
Consolidated Communications Holdings, Inc, through its subsidiaries, provides telecommunications services to business and residential customers in the United States. It offers high-speed broadband Internet access and voice over Internet protocol (VoIP) phone services to small, medium, and large business customers; commercial data connectivity services in select markets, including a portfolio of Ethernet services, software defined wide area network, multi-protocol label switching, and private line services; and wholesale services to regional and national interexchange and wireless carriers, including cellular backhaul, dark fiber, and other fiber transport solutions.
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