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

Equities researchers at StockNews.com began coverage on shares of Consolidated Communications (NASDAQ:CNSL) in a report released on Wednesday. The firm set a “sell” rating on the utilities provider’s stock.

Consolidated Communications Stock Performance

Shares of NASDAQ:CNSL opened at $4.72 on Wednesday. Consolidated Communications has a 52 week low of $4.18 and a 52 week high of $4.75. The stock has a market capitalization of $559.18 million, a P/E ratio of -2.30 and a beta of 0.98. The firm has a fifty day simple moving average of $4.68 and a two-hundred day simple moving average of $4.61. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 10.13.

Institutional Investors Weigh In On Consolidated Communications

Several institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in shares of Consolidated Communications by 29.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 238,029 shares of the utilities provider’s stock worth $1,104,000 after acquiring an additional 54,230 shares during the last quarter. 272 Capital LP bought a new stake in shares of Consolidated Communications in the 3rd quarter worth about $297,000. Virtu Financial LLC bought a new stake in shares of Consolidated Communications in the 3rd quarter worth about $47,000. Barclays PLC lifted its holdings in shares of Consolidated Communications by 359.7% in the 3rd quarter. Barclays PLC now owns 128,059 shares of the utilities provider’s stock worth $594,000 after acquiring an additional 100,201 shares during the last quarter. Finally, Jane Street Group LLC lifted its holdings in shares of Consolidated Communications by 154.9% in the 3rd quarter. Jane Street Group LLC now owns 276,771 shares of the utilities provider’s stock worth $1,284,000 after acquiring an additional 168,210 shares during the last quarter. 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.