Consolidated Communications (NASDAQ:CNSL) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.

A number of other research analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Consolidated Communications from a “hold” rating to a “sell” rating in a research report on Thursday, March 7th. Raymond James cut shares of Consolidated Communications from a “strong-buy” rating to an “outperform” rating in a research report on Tuesday, February 19th. Finally, Wells Fargo & Co cut shares of Consolidated Communications from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $13.50 to $11.25 in a research report on Tuesday, January 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $13.63.

CNSL opened at $10.28 on Wednesday. The company has a debt-to-equity ratio of 5.54, a quick ratio of 0.70 and a current ratio of 0.70. Consolidated Communications has a 1 year low of $8.51 and a 1 year high of $14.23. The company has a market capitalization of $747.50 million, a P/E ratio of -24.48 and a beta of 1.07.

Consolidated Communications (NASDAQ:CNSL) last released its earnings results on Thursday, February 21st. The utilities provider reported ($0.10) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.11) by $0.01. The business had revenue of $344.80 million for the quarter, compared to analysts’ expectations of $340.90 million. Consolidated Communications had a negative net margin of 3.63% and a negative return on equity of 5.80%. The company’s quarterly revenue was down 3.3% on a year-over-year basis. During the same period last year, the company earned ($0.04) earnings per share. As a group, equities research analysts anticipate that Consolidated Communications will post -0.4 EPS for the current year.

A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. lifted its position in Consolidated Communications by 8.0% during the third quarter. BlackRock Inc. now owns 11,029,285 shares of the utilities provider’s stock valued at $143,823,000 after buying an additional 813,801 shares in the last quarter. Vanguard Group Inc lifted its position in Consolidated Communications by 0.6% during the third quarter. Vanguard Group Inc now owns 7,641,474 shares of the utilities provider’s stock valued at $99,645,000 after buying an additional 44,238 shares in the last quarter. Vanguard Group Inc. lifted its position in Consolidated Communications by 0.6% during the third quarter. Vanguard Group Inc. now owns 7,641,474 shares of the utilities provider’s stock valued at $99,645,000 after buying an additional 44,238 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Consolidated Communications by 5.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,320,113 shares of the utilities provider’s stock valued at $42,683,000 after buying an additional 209,049 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in Consolidated Communications by 11.5% during the fourth quarter. Principal Financial Group Inc. now owns 4,060,966 shares of the utilities provider’s stock valued at $40,122,000 after buying an additional 417,662 shares in the last quarter. 70.51% of the stock is currently owned by hedge funds and other institutional investors.

Consolidated Communications Company Profile

Consolidated Communications Holdings, Inc, through its subsidiaries, provides various integrated communications services to business and residential customers in the United States. It offers a range of communication services and products that include local and long-distance, high-speed broadband Internet access, video, voice over Internet protocol, private line, custom calling features, security, cloud, data center, managed and IT, and directory publishing services, as well as engages in equipment sales activities.

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