Consolidated Communications (NASDAQ:CNSL) Sets New 52-Week High at $4.65

Shares of Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) hit a new 52-week high on Thursday . The stock traded as high as $4.65 and last traded at $4.61, with a volume of 12857 shares trading hands. The stock had previously closed at $4.62.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Consolidated Communications in a research report on Saturday, July 27th. They issued a “sell” rating on the stock.

Consolidated Communications Trading Down 0.9 %

The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 7.51. The firm’s 50-day simple moving average is $4.56 and its 200 day simple moving average is $4.41. The stock has a market capitalization of $544.78 million, a P/E ratio of -1.78 and a beta of 0.98.

Consolidated Communications (NASDAQ:CNSL) last issued its quarterly earnings results on Tuesday, August 6th. The utilities provider reported ($0.39) EPS for the quarter. Consolidated Communications had a negative return on equity of 25.00% and a negative net margin of 17.74%. The business had revenue of $268.71 million during the quarter.

Institutional Trading of Consolidated Communications

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Envestnet Portfolio Solutions Inc. raised its holdings in Consolidated Communications by 22.1% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 17,922 shares of the utilities provider’s stock worth $78,000 after buying an additional 3,243 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Consolidated Communications by 14.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 32,657 shares of the utilities provider’s stock worth $144,000 after buying an additional 4,061 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Consolidated Communications by 9.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 53,012 shares of the utilities provider’s stock worth $230,000 after buying an additional 4,535 shares during the period. Rhumbline Advisers raised its holdings in Consolidated Communications by 2.1% during the 2nd quarter. Rhumbline Advisers now owns 244,967 shares of the utilities provider’s stock worth $1,078,000 after buying an additional 5,066 shares during the period. Finally, AQR Capital Management LLC raised its holdings in Consolidated Communications by 22.1% during the 2nd quarter. AQR Capital Management LLC now owns 28,017 shares of the utilities provider’s stock worth $123,000 after buying an additional 5,074 shares during the period. Institutional investors and hedge funds 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.