Consolidated Communications (NASDAQ:CNSL) Earns Sell Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Consolidated Communications (NASDAQ:CNSL) in a research report report published on Tuesday morning. The firm issued a sell rating on the utilities provider’s stock.

Consolidated Communications Stock Up 0.2 %

CNSL stock opened at $4.72 on Tuesday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 10.13. Consolidated Communications has a 52 week low of $4.18 and a 52 week high of $4.75. The company has a market cap of $559.17 million, a PE ratio of -2.30 and a beta of 0.98. The business has a 50-day simple moving average of $4.68 and a 200 day simple moving average of $4.60.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new stake in Consolidated Communications during the third quarter worth $47,000. Quantinno Capital Management LP bought a new stake in shares of Consolidated Communications during the 3rd quarter worth $53,000. Quantbot Technologies LP acquired a new stake in Consolidated Communications in the third quarter valued at about $55,000. AQR Capital Management LLC grew its position in Consolidated Communications by 22.1% in the second quarter. AQR Capital Management LLC now owns 28,017 shares of the utilities provider’s stock valued at $123,000 after acquiring an additional 5,074 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in Consolidated Communications by 14.2% during the second quarter. The Manufacturers Life Insurance Company now owns 32,657 shares of the utilities provider’s stock worth $144,000 after acquiring an additional 4,061 shares in the last quarter. 79.98% of the stock is owned by 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.