StockNews.com Upgrades Consolidated Communications (NASDAQ:CNSL) to “Hold”

StockNews.com upgraded shares of Consolidated Communications (NASDAQ:CNSLGet Rating) from a sell rating to a hold rating in a research report report published on Monday.

A number of other brokerages have also recently commented on CNSL. TheStreet cut Consolidated Communications from a c- rating to a d+ rating in a report on Friday, May 6th. Wells Fargo & Company decreased their price target on Consolidated Communications from $9.00 to $6.00 and set an equal weight rating on the stock in a report on Friday, March 4th. Finally, Citigroup raised Consolidated Communications from a sell rating to a neutral rating and raised their price target for the company from $4.00 to $5.00 in a report on Tuesday, March 8th.

Shares of Consolidated Communications stock opened at $7.24 on Monday. Consolidated Communications has a one year low of $4.51 and a one year high of $9.70. The stock’s fifty day moving average is $6.60 and its 200 day moving average is $6.75. The stock has a market cap of $835.47 million, a P/E ratio of -4.11 and a beta of 1.06. The company has a debt-to-equity ratio of 4.92, a quick ratio of 1.44 and a current ratio of 1.44.

Consolidated Communications (NASDAQ:CNSLGet Rating) last announced its earnings results on Thursday, May 5th. The utilities provider reported $0.01 EPS for the quarter. Consolidated Communications had a positive return on equity of 8.17% and a negative net margin of 12.77%. The company had revenue of $300.28 million for the quarter.

A number of large investors have recently bought and sold shares of CNSL. Counterpoint Mutual Funds LLC purchased a new position in shares of Consolidated Communications during the first quarter valued at about $25,000. Captrust Financial Advisors grew its position in shares of Consolidated Communications by 38.2% during the first quarter. Captrust Financial Advisors now owns 7,183 shares of the utilities provider’s stock valued at $42,000 after purchasing an additional 1,987 shares in the last quarter. First Quadrant LLC CA purchased a new position in shares of Consolidated Communications during the first quarter valued at about $43,000. Exchange Traded Concepts LLC purchased a new position in shares of Consolidated Communications during the fourth quarter valued at about $46,000. Finally, Profund Advisors LLC purchased a new position in shares of Consolidated Communications during the first quarter valued at about $67,000. 93.88% of the stock is currently owned by institutional investors and hedge funds.

About Consolidated Communications (Get Rating)

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 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; data center and disaster recovery solutions; and wholesale services to regional and national interexchange, and wireless carriers comprising cellular backhaul and other fiber transport solutions.

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