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

Equities research analysts at StockNews.com assumed coverage on shares of Consolidated Communications (NASDAQ:CNSL) in a note issued to investors on Tuesday. The brokerage set a “sell” rating on the utilities provider’s stock.

Consolidated Communications Stock Up 0.2 %

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. Consolidated Communications has a 12 month low of $4.18 and a 12 month high of $4.75. The stock has a market cap of $559.17 million, a P/E ratio of -2.30 and a beta of 0.98. The company has a 50 day simple moving average of $4.68 and a two-hundred day simple moving average of $4.60.

Hedge Funds Weigh In On Consolidated Communications

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its position in Consolidated Communications by 1.3% in the second quarter. Dimensional Fund Advisors LP now owns 3,876,311 shares of the utilities provider’s stock worth $17,056,000 after buying an additional 48,609 shares in the last quarter. State Street Corp raised its stake in Consolidated Communications by 2.5% during the 3rd quarter. State Street Corp now owns 2,948,326 shares of the utilities provider’s stock worth $13,680,000 after acquiring an additional 71,384 shares during the period. Hsbc Holdings PLC raised its stake in Consolidated Communications by 27.9% during the 2nd quarter. Hsbc Holdings PLC now owns 619,494 shares of the utilities provider’s stock worth $2,723,000 after acquiring an additional 135,035 shares during the period. Bank of New York Mellon Corp lifted its holdings in Consolidated Communications by 2.8% during the second quarter. Bank of New York Mellon Corp now owns 604,060 shares of the utilities provider’s stock valued at $2,658,000 after purchasing an additional 16,217 shares in the last quarter. Finally, FMR LLC boosted its position in shares of Consolidated Communications by 26.8% in the third quarter. FMR LLC now owns 565,450 shares of the utilities provider’s stock worth $2,624,000 after purchasing an additional 119,575 shares during the period. 79.98% of the stock is currently owned by hedge funds and other institutional investors.

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.