StockNews.com assumed coverage on shares of Consolidated Communications (NASDAQ:CNSL – Free Report) in a research report released on Saturday morning. The brokerage issued a sell rating on the utilities provider’s stock.
Consolidated Communications Stock Performance
CNSL stock opened at $4.34 on Friday. The stock has a 50-day moving average price of $4.40 and a 200-day moving average price of $4.06. Consolidated Communications has a 1-year low of $2.10 and a 1-year high of $4.65. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 4.40. The firm has a market cap of $505.57 million, a PE ratio of -1.74 and a beta of 1.08.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in CNSL. Swiss National Bank raised its position in shares of Consolidated Communications by 7.5% in the 1st quarter. Swiss National Bank now owns 175,147 shares of the utilities provider’s stock worth $1,033,000 after acquiring an additional 12,200 shares in the last quarter. Citigroup Inc. increased its position in Consolidated Communications by 11.9% in the 1st quarter. Citigroup Inc. now owns 62,598 shares of the utilities provider’s stock valued at $369,000 after buying an additional 6,642 shares in the last quarter. Bank of Montreal Can increased its position in Consolidated Communications by 12.8% in the 1st quarter. Bank of Montreal Can now owns 22,615 shares of the utilities provider’s stock valued at $136,000 after buying an additional 2,563 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Consolidated Communications by 13.5% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 61,845 shares of the utilities provider’s stock valued at $365,000 after buying an additional 7,359 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Consolidated Communications by 3.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,594,098 shares of the utilities provider’s stock valued at $27,106,000 after buying an additional 137,110 shares in the last quarter. 79.98% of the stock is owned by institutional investors.
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.
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