Consolidated Communications (NASDAQ:CNSL) Reaches New 12-Month High - Should You Buy?

Consolidated Communications Holdings, Inc. (NASDAQ:CNSL - Get Free Report) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $4.65 and last traded at $4.64, with a volume of 45790 shares traded. The stock had previously closed at $4.63.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Consolidated Communications in a research note on Saturday, July 27th. They issued a "sell" rating on the stock.

Consolidated Communications Stock Performance

The stock has a 50 day simple moving average of $4.60 and a 200 day simple moving average of $4.45. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 7.51. The company has a market cap of $548.33 million, a price-to-earnings ratio of -1.79 and a beta of 0.97.

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. Consolidated Communications had a negative return on equity of 25.00% and a negative net margin of 17.74%. The company had revenue of $268.71 million for the quarter.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Gabelli Funds LLC boosted its stake in shares of Consolidated Communications by 2,427.1% during the 1st quarter. Gabelli Funds LLC now owns 379,061 shares of the utilities provider's stock valued at $1,638,000 after buying an additional 364,061 shares during the last quarter. Private Advisor Group LLC increased its position in shares of Consolidated Communications by 54.5% in the 1st quarter. Private Advisor Group LLC now owns 1,689,559 shares of the utilities provider's stock worth $7,299,000 after purchasing an additional 596,244 shares during the last quarter. Gardner Lewis Asset Management L P acquired a new stake in shares of Consolidated Communications in the 2nd quarter valued at about $2,247,000. Gamco Investors INC. ET AL bought a new position in shares of Consolidated Communications during the first quarter worth about $110,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in Consolidated Communications in the first quarter worth about $83,000. Institutional investors and hedge funds own 79.98% of the company's stock.

Consolidated Communications Company Profile

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.