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

StockNews.com started coverage on shares of Consolidated Communications (NASDAQ:CNSL) in a research note released on Thursday morning. The firm issued a sell rating on the utilities provider’s stock.

Consolidated Communications Stock Up 0.2 %

Shares of Consolidated Communications stock opened at $4.72 on Thursday. 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 twelve month low of $4.18 and a twelve month high of $4.75. The company has a market cap of $559.18 million, a price-to-earnings ratio of -2.30 and a beta of 0.98. The company’s 50 day moving average is $4.69 and its 200 day moving average is $4.62.

Institutional Trading of Consolidated Communications

A number of hedge funds have recently bought and sold shares of the company. Jane Street Group LLC grew 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 purchasing an additional 168,210 shares during the period. State Street Corp grew its position in Consolidated Communications by 2.5% during the third quarter. State Street Corp now owns 2,948,326 shares of the utilities provider’s stock valued at $13,680,000 after buying an additional 71,384 shares during the period. Barclays PLC increased its holdings in Consolidated Communications by 359.7% during the third quarter. Barclays PLC now owns 128,059 shares of the utilities provider’s stock valued at $594,000 after buying an additional 100,201 shares during the last quarter. Intech Investment Management LLC bought a new position in Consolidated Communications in the second quarter worth approximately $192,000. Finally, FMR LLC boosted 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 worth $2,624,000 after acquiring an additional 119,575 shares during the last quarter. Hedge funds and other institutional investors 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.