Equities research analysts at StockNews.com initiated coverage on shares of Consolidated Communications (NASDAQ:CNSL – Get Free Report) in a research note issued to investors on Tuesday. The firm set a “sell” rating on the utilities provider’s stock.
Consolidated Communications Trading Up 0.2 %
NASDAQ:CNSL opened at $4.72 on Tuesday. The company has a 50 day simple moving average of $4.67 and a two-hundred day simple moving average of $4.59. The company has a market cap of $559.17 million, a PE ratio of -2.30 and a beta of 0.98. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 10.13. Consolidated Communications has a 12 month low of $4.18 and a 12 month high of $4.75.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp raised its position in Consolidated Communications by 2.8% in the second quarter. Bank of New York Mellon Corp now owns 604,060 shares of the utilities provider’s stock worth $2,658,000 after acquiring an additional 16,217 shares during the period. Rhumbline Advisers increased its stake in shares of Consolidated Communications by 2.1% in the 2nd quarter. Rhumbline Advisers now owns 244,967 shares of the utilities provider’s stock worth $1,078,000 after purchasing an additional 5,066 shares in the last quarter. Texas Permanent School Fund Corp raised its holdings in Consolidated Communications by 54.9% in the 2nd quarter. Texas Permanent School Fund Corp now owns 99,287 shares of the utilities provider’s stock worth $437,000 after purchasing an additional 35,205 shares during the period. American Century Companies Inc. lifted its position in Consolidated Communications by 16.5% during the second quarter. American Century Companies Inc. now owns 110,849 shares of the utilities provider’s stock valued at $488,000 after purchasing an additional 15,720 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Consolidated Communications by 1.3% during the second quarter. Dimensional Fund Advisors LP now owns 3,876,311 shares of the utilities provider’s stock valued at $17,056,000 after purchasing an additional 48,609 shares during the period. Institutional investors own 79.98% of the company’s stock.
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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