Consolidated Communications Holdings Inc (NASDAQ:CNSL) shares traded down 5.3% on Thursday . The stock traded as low as $11.07 and last traded at $11.09. 1,341,116 shares changed hands during mid-day trading, an increase of 29% from the average session volume of 1,043,508 shares. The stock had previously closed at $11.71.

Several research analysts recently weighed in on the stock. Cowen restated a “hold” rating and issued a $21.00 price objective on shares of Consolidated Communications in a research report on Thursday, October 19th. Jefferies Group dropped their price objective on shares of Consolidated Communications from $21.00 to $19.00 and set a “hold” rating for the company in a research report on Friday, November 3rd. Zacks Investment Research cut shares of Consolidated Communications from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th. ValuEngine cut shares of Consolidated Communications from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Finally, Drexel Hamilton upgraded shares of Consolidated Communications from a “hold” rating to a “buy” rating in a research report on Tuesday, January 2nd. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $22.00.

The company has a market cap of $785.57, a PE ratio of -20.50, a P/E/G ratio of 19.55 and a beta of 0.69. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 4.61.

In other Consolidated Communications news, Director Robert J. Currey bought 5,000 shares of the company’s stock in a transaction on Tuesday, November 14th. The stock was bought at an average price of $13.43 per share, for a total transaction of $67,150.00. Following the transaction, the director now owns 45,995 shares of the company’s stock, valued at approximately $617,712.85. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have acquired a total of 7,500 shares of company stock valued at $100,425 in the last quarter. Corporate insiders own 3.00% of the company’s stock.

Several institutional investors have recently modified their holdings of CNSL. Wells Fargo & Company MN raised its position in shares of Consolidated Communications by 5.7% during the 2nd quarter. Wells Fargo & Company MN now owns 115,124 shares of the utilities provider’s stock valued at $2,472,000 after acquiring an additional 6,219 shares during the last quarter. Teachers Advisors LLC raised its position in shares of Consolidated Communications by 5.4% during the 2nd quarter. Teachers Advisors LLC now owns 93,257 shares of the utilities provider’s stock valued at $2,002,000 after acquiring an additional 4,747 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of Consolidated Communications by 46.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 403,811 shares of the utilities provider’s stock valued at $8,670,000 after acquiring an additional 128,095 shares during the last quarter. BlackRock Inc. raised its position in shares of Consolidated Communications by 0.3% during the 2nd quarter. BlackRock Inc. now owns 7,058,156 shares of the utilities provider’s stock valued at $151,539,000 after acquiring an additional 17,697 shares during the last quarter. Finally, Thrivent Financial For Lutherans raised its position in shares of Consolidated Communications by 6.7% during the 2nd quarter. Thrivent Financial For Lutherans now owns 30,580 shares of the utilities provider’s stock valued at $657,000 after acquiring an additional 1,930 shares during the last quarter. Institutional investors own 71.10% of the company’s stock.

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Consolidated Communications Company Profile

Consolidated Communications Holdings, Inc is a holding company with operating subsidiaries that provide integrated communications services in consumer, commercial and carrier channels in California, Illinois, Iowa, Kansas, Minnesota, Missouri, North Dakota, Pennsylvania, South Dakota, Texas and Wisconsin.

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