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

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

Consolidated Communications Stock Performance

Shares of CNSL stock opened at $4.72 on Tuesday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 10.13. The company’s fifty day moving average price is $4.67 and its 200-day moving average price is $4.59. The stock has a market cap of $559.17 million, a PE ratio of -2.30 and a beta of 0.98. Consolidated Communications has a 12 month low of $4.18 and a 12 month high of $4.75.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CNSL. Virtu Financial LLC purchased a new stake in shares of Consolidated Communications during the third quarter valued at approximately $47,000. Quantinno Capital Management LP purchased a new stake in Consolidated Communications during the 3rd quarter valued at $53,000. Quantbot Technologies LP bought a new stake in shares of Consolidated Communications in the 3rd quarter worth $55,000. AQR Capital Management LLC increased its holdings in shares of Consolidated Communications by 22.1% in the 2nd quarter. AQR Capital Management LLC now owns 28,017 shares of the utilities provider’s stock worth $123,000 after purchasing an additional 5,074 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Consolidated Communications by 14.2% in the second quarter. The Manufacturers Life Insurance Company now owns 32,657 shares of the utilities provider’s stock worth $144,000 after purchasing an additional 4,061 shares during the last quarter. Hedge funds and other institutional investors own 79.98% of the company’s stock.

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.