Consolidated Communications (NASDAQ:CNSL) Receives New Coverage from Analysts at StockNews.com

Investment analysts at StockNews.com started coverage on shares of Consolidated Communications (NASDAQ:CNSL) in a research note issued on Wednesday. The brokerage set a “sell” rating on the utilities provider’s stock.

Consolidated Communications Stock Performance

NASDAQ:CNSL opened at $4.39 on Wednesday. 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 has a 52-week low of $2.93 and a 52-week high of $4.65. The stock’s 50 day moving average price is $4.34 and its 200 day moving average price is $4.35. The company has a market capitalization of $519.91 million, a PE ratio of -1.69 and a beta of 1.00.

Consolidated Communications (NASDAQ:CNSL) last released its quarterly earnings results on Tuesday, May 7th. The utilities provider reported ($0.28) EPS for the quarter. The business had revenue of $274.68 million during the quarter. Consolidated Communications had a negative net margin of 22.42% and a negative return on equity of 19.47%.

Institutional Investors Weigh In On Consolidated Communications

A number of institutional investors have recently added to or reduced their stakes in CNSL. Innealta Capital LLC acquired a new stake in shares of Consolidated Communications in the first quarter valued at about $53,000. California State Teachers Retirement System boosted its stake in shares of Consolidated Communications by 54.5% during the 1st quarter. California State Teachers Retirement System now owns 125,443 shares of the utilities provider’s stock worth $542,000 after acquiring an additional 44,273 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Consolidated Communications by 9.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 53,012 shares of the utilities provider’s stock worth $230,000 after acquiring an additional 4,535 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in Consolidated Communications during the first quarter worth $1,488,000. Finally, Gabelli Funds LLC increased its position in shares of Consolidated Communications by 2,427.1% in the first quarter. Gabelli Funds LLC now owns 379,061 shares of the utilities provider’s stock valued at $1,638,000 after buying an additional 364,061 shares in the last quarter. Hedge funds and other institutional investors own 79.98% of the company’s stock.

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.