Consolidated Communications (NASDAQ:CNSL) Now Covered by StockNews.com

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

Consolidated Communications Stock Up 0.2 %

Shares of NASDAQ CNSL opened at $4.72 on Wednesday. Consolidated Communications has a 12-month low of $4.18 and a 12-month high of $4.75. The stock’s fifty day simple moving average is $4.68 and its two-hundred day simple moving average is $4.61. The stock has a market capitalization of $559.17 million, a PE ratio of -2.30 and a beta of 0.98. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 10.13.

Institutional Investors Weigh In On Consolidated Communications

Several institutional investors have recently added to or reduced their stakes in CNSL. Virtu Financial LLC acquired a new position in shares of Consolidated Communications in the third quarter valued at about $47,000. Quantinno Capital Management LP acquired a new position in shares of Consolidated Communications in the third quarter worth about $53,000. Quantbot Technologies LP acquired a new stake in Consolidated Communications in the third quarter valued at approximately $55,000. AQR Capital Management LLC lifted its holdings in Consolidated Communications by 22.1% during the second quarter. AQR Capital Management LLC now owns 28,017 shares of the utilities provider’s stock valued at $123,000 after purchasing an additional 5,074 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position 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 valued at $144,000 after acquiring an additional 4,061 shares in the last quarter. Institutional investors and hedge funds 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.