Consolidated Communications Holdings, Inc. (NASDAQ:CNSL - Get Free Report) shares reached a new 52-week high during trading on Thursday . The company traded as high as $4.65 and last traded at $4.61, with a volume of 12857 shares changing hands. The stock had previously closed at $4.62.
Analyst Ratings Changes
Separately, StockNews.com assumed coverage on shares of Consolidated Communications in a research report on Saturday, July 27th. They set a "sell" rating for the company.
Get Our Latest Stock Analysis on CNSL
Consolidated Communications Price Performance
The business's 50-day moving average price is $4.56 and its 200 day moving average price is $4.41. The stock has a market capitalization of $549.52 million, a PE ratio of -1.78 and a beta of 0.98. The company has a debt-to-equity ratio of 7.51, a quick ratio of 0.72 and a current ratio of 0.72.
Consolidated Communications (NASDAQ:CNSL - Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The utilities provider reported ($0.39) EPS for the quarter. The firm had revenue of $268.71 million for the quarter. Consolidated Communications had a negative net margin of 17.74% and a negative return on equity of 25.00%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Innealta Capital LLC purchased a new position in Consolidated Communications in the first quarter worth $53,000. Envestnet Portfolio Solutions Inc. raised its stake in shares of Consolidated Communications by 22.1% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 17,922 shares of the utilities provider's stock valued at $78,000 after acquiring an additional 3,243 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new position in shares of Consolidated Communications during the first quarter valued at about $83,000. Gamco Investors INC. ET AL bought a new position in shares of Consolidated Communications during the first quarter valued at about $110,000. Finally, Rather & Kittrell Inc. bought a new position in shares of Consolidated Communications during the second quarter valued at about $112,000. 79.98% of the stock is currently owned by hedge funds and other institutional investors.
About Consolidated Communications
(
Get Free Report)
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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