Consolidated Communications (NASDAQ:CNSL) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of Consolidated Communications (NASDAQ:CNSL) in a report released on Sunday. The firm issued a sell rating on the utilities provider’s stock.

Consolidated Communications Stock Performance

NASDAQ CNSL opened at $4.28 on Friday. The company has a market capitalization of $496.48 million, a price-to-earnings ratio of -1.65 and a beta of 1.07. Consolidated Communications has a twelve month low of $2.93 and a twelve month high of $4.65. The stock has a fifty day simple moving average of $4.31 and a 200 day simple moving average of $4.25. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.25.

Consolidated Communications (NASDAQ:CNSL) last issued its quarterly earnings results 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 net margin of 22.53% and a negative return on equity of 16.89%.

Institutional Trading of Consolidated Communications

A number of institutional investors have recently bought and sold shares of CNSL. Swiss National Bank boosted its position in Consolidated Communications by 7.5% during the first quarter. Swiss National Bank now owns 175,147 shares of the utilities provider’s stock valued at $1,033,000 after acquiring an additional 12,200 shares during the last quarter. Citigroup Inc. boosted its position in Consolidated Communications by 11.9% during the first quarter. Citigroup Inc. now owns 62,598 shares of the utilities provider’s stock valued at $369,000 after acquiring an additional 6,642 shares during the last quarter. Bank of Montreal Can boosted its position in Consolidated Communications by 12.8% during the first quarter. Bank of Montreal Can now owns 22,615 shares of the utilities provider’s stock valued at $136,000 after acquiring an additional 2,563 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Consolidated Communications by 13.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 61,845 shares of the utilities provider’s stock worth $365,000 after purchasing an additional 7,359 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Consolidated Communications by 3.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,594,098 shares of the utilities provider’s stock worth $27,106,000 after purchasing an additional 137,110 shares in the last quarter. Institutional investors 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.