StockNews.com Downgrades Consolidated Communications (NASDAQ:CNSL) to Sell

StockNews.com downgraded shares of Consolidated Communications (NASDAQ:CNSL) from a hold rating to a sell rating in a research note issued to investors on Friday.

Consolidated Communications Stock Up 0.2 %

Shares of NASDAQ:CNSL opened at $4.20 on Friday. The firm has a market capitalization of $489.26 million, a PE ratio of -1.69 and a beta of 1.24. Consolidated Communications has a 1 year low of $2.10 and a 1 year high of $4.92. The company has a debt-to-equity ratio of 4.40, a current ratio of 1.01 and a quick ratio of 1.01. The firm’s 50-day moving average is $3.84 and its two-hundred day moving average is $3.76.

Institutional Trading of Consolidated Communications

Several hedge funds have recently modified their holdings of CNSL. Captrust Financial Advisors grew its holdings in Consolidated Communications by 38.2% during the 1st quarter. Captrust Financial Advisors now owns 7,183 shares of the utilities provider’s stock worth $42,000 after acquiring an additional 1,987 shares in the last quarter. Covestor Ltd grew its stake in shares of Consolidated Communications by 826.0% during the second quarter. Covestor Ltd now owns 7,501 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 6,691 shares in the last quarter. Virtu Financial LLC purchased a new position in Consolidated Communications in the fourth quarter valued at $36,000. Barrett & Company Inc. purchased a new position in Consolidated Communications in the first quarter valued at $27,000. Finally, American Century Companies Inc. acquired a new stake in Consolidated Communications in the fourth quarter valued at $38,000. 79.98% of the stock is currently owned by institutional investors and hedge funds.

About Consolidated Communications

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.