Consolidated Communications (NASDAQ:CNSL) was upgraded by research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a report released on Friday.

Separately, Zacks Investment Research cut shares of Consolidated Communications from a “hold” rating to a “sell” rating in a research report on Wednesday, September 12th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $14.50.

Consolidated Communications stock opened at $12.42 on Friday. The firm has a market cap of $929.13 million, a PE ratio of 47.77 and a beta of 0.70. Consolidated Communications has a 12-month low of $10.31 and a 12-month high of $19.82. The company has a debt-to-equity ratio of 4.49, a current ratio of 0.78 and a quick ratio of 0.78.

Consolidated Communications (NASDAQ:CNSL) last released its quarterly earnings data on Thursday, August 2nd. The utilities provider reported ($0.11) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by ($0.01). The firm had revenue of $350.22 million for the quarter, compared to analysts’ expectations of $351.29 million. Consolidated Communications had a negative return on equity of 3.15% and a net margin of 3.47%. As a group, sell-side analysts forecast that Consolidated Communications will post -0.43 earnings per share for the current year.

Large investors have recently made changes to their positions in the stock. Hsbc Holdings PLC acquired a new stake in Consolidated Communications during the 1st quarter worth $119,000. Profund Advisors LLC purchased a new stake in Consolidated Communications during the first quarter worth about $122,000. Amalgamated Bank purchased a new stake in Consolidated Communications during the second quarter worth about $126,000. Macquarie Group Ltd. boosted its holdings in Consolidated Communications by 85.5% during the second quarter. Macquarie Group Ltd. now owns 10,200 shares of the utilities provider’s stock worth $126,000 after buying an additional 4,700 shares in the last quarter. Finally, S. Muoio & CO. LLC purchased a new stake in Consolidated Communications during the second quarter worth about $135,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Consolidated Communications Company Profile

Consolidated Communications Holdings, Inc, through its subsidiaries, provides various integrated communications services to business and residential customers in the United States. It offers a range of communication services and products that include local and long-distance, high-speed broadband Internet access, video, voice over Internet protocol, private line, custom calling features, security, cloud, data center, managed and IT, and directory publishing services, as well as engages in equipment sales activities.

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