StockNews.com Begins Coverage on Consolidated Communications (NASDAQ:CNSL)

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

Consolidated Communications Price Performance

NASDAQ:CNSL opened at $4.28 on Friday. The firm 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 1-year low of $2.93 and a 1-year high of $4.65. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.25. The business’s fifty day moving average price is $4.31 and its 200 day moving average price is $4.25.

Consolidated Communications (NASDAQ:CNSL) last posted its quarterly earnings results on Tuesday, March 5th. The utilities provider reported ($0.27) earnings per share for the quarter. Consolidated Communications had a negative net margin of 22.53% and a negative return on equity of 16.89%. The business had revenue of $275.18 million for the quarter.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. increased its position in Consolidated Communications by 7.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 453,048 shares of the utilities provider’s stock worth $1,971,000 after purchasing an additional 31,811 shares during the last quarter. Barclays PLC increased its position in Consolidated Communications by 235.6% in the 4th quarter. Barclays PLC now owns 120,729 shares of the utilities provider’s stock worth $525,000 after purchasing an additional 84,756 shares during the last quarter. Occudo Quantitative Strategies LP bought a new stake in shares of Consolidated Communications during the 4th quarter worth about $94,000. Prelude Capital Management LLC bought a new stake in shares of Consolidated Communications during the 4th quarter worth about $1,074,000. Finally, Public Sector Pension Investment Board boosted its stake in shares of Consolidated Communications by 2.4% during the 4th quarter. Public Sector Pension Investment Board now owns 170,465 shares of the utilities provider’s stock worth $742,000 after acquiring an additional 4,071 shares in the last quarter. 79.98% of the stock is owned by institutional investors and hedge funds.

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.