Consolidated Communications (NASDAQ:CNSL) Coverage Initiated by Analysts at StockNews.com

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

Consolidated Communications Trading Up 0.2 %

Shares of Consolidated Communications stock opened at $4.72 on Thursday. The company’s fifty day simple moving average is $4.69 and its 200-day simple moving average is $4.62. The stock has a market capitalization of $559.18 million, a PE ratio of -2.30 and a beta of 0.98. Consolidated Communications has a 1-year low of $4.18 and a 1-year high of $4.75. The company has a debt-to-equity ratio of 10.13, a current ratio of 0.76 and a quick ratio of 0.76.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CNSL. Jane Street Group LLC lifted its stake in shares of Consolidated Communications by 154.9% during the 3rd quarter. Jane Street Group LLC now owns 276,771 shares of the utilities provider’s stock valued at $1,284,000 after buying an additional 168,210 shares in the last quarter. Gabelli Funds LLC lifted its stake in shares of Consolidated Communications by 36.9% during the 2nd quarter. Gabelli Funds LLC now owns 518,795 shares of the utilities provider’s stock valued at $2,283,000 after buying an additional 139,734 shares in the last quarter. Hsbc Holdings PLC lifted its stake in shares of Consolidated Communications by 27.9% during the 2nd quarter. Hsbc Holdings PLC now owns 619,494 shares of the utilities provider’s stock valued at $2,723,000 after buying an additional 135,035 shares in the last quarter. FMR LLC lifted its stake in shares of Consolidated Communications by 26.8% during the 3rd quarter. FMR LLC now owns 565,450 shares of the utilities provider’s stock valued at $2,624,000 after buying an additional 119,575 shares in the last quarter. Finally, Intech Investment Management LLC lifted its stake in shares of Consolidated Communications by 243.7% during the 3rd quarter. Intech Investment Management LLC now owns 149,932 shares of the utilities provider’s stock valued at $696,000 after buying an additional 106,303 shares in the last quarter. Hedge funds and other 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.