Lowers Consolidated Communications (NASDAQ:CNSL) to Sell cut shares of Consolidated Communications (NASDAQ:CNSLFree Report) from a hold rating to a sell rating in a research report report published on Friday.

Consolidated Communications Price Performance

Shares of CNSL opened at $4.20 on Friday. The company has a debt-to-equity ratio of 4.40, a quick ratio of 1.01 and a current ratio of 1.01. The company has a 50 day moving average price of $3.84 and a 200-day moving average price of $3.76. Consolidated Communications has a fifty-two week low of $2.10 and a fifty-two week high of $4.92. The stock has a market capitalization of $489.26 million, a PE ratio of -1.69 and a beta of 1.24.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Barrett & Company Inc. bought a new stake in Consolidated Communications during the first quarter valued at about $27,000. Pictet Asset Management SA purchased a new position in shares of Consolidated Communications in the 1st quarter worth approximately $28,000. Covestor Ltd raised its stake in shares of Consolidated Communications by 826.0% during the 2nd quarter. Covestor Ltd now owns 7,501 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 6,691 shares in the last quarter. FMR LLC lifted its position in Consolidated Communications by 397.5% during the first quarter. FMR LLC now owns 10,969 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 8,764 shares during the last quarter. Finally, Advisor Partners II LLC acquired a new stake in Consolidated Communications in the first quarter valued at approximately $28,000. 79.98% of the stock is currently owned by hedge funds and other institutional investors.

Consolidated Communications Company Profile

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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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