Consolidated Communications Holdings, Inc. (NASDAQ:CNSL - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.38 and traded as high as $4.57. Consolidated Communications shares last traded at $4.56, with a volume of 461,729 shares trading hands.
Analyst Upgrades and Downgrades
Separately, StockNews.com started coverage on shares of Consolidated Communications in a research report on Saturday, July 27th. They issued a "sell" rating for the company.
Get Our Latest Stock Report on Consolidated Communications
Consolidated Communications Trading Down 0.2 %
The company has a debt-to-equity ratio of 6.09, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market capitalization of $538.86 million, a price-to-earnings ratio of -1.76 and a beta of 1.00. The business's 50 day simple moving average is $4.49 and its 200 day simple moving average is $4.38.
Consolidated Communications (NASDAQ:CNSL - Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The utilities provider reported ($0.39) earnings per share (EPS) for the quarter. Consolidated Communications had a negative return on equity of 19.47% and a negative net margin of 22.42%. The firm had revenue of $268.71 million for the quarter.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in CNSL. Innealta Capital LLC acquired a new position in shares of Consolidated Communications during the first quarter worth about $53,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Consolidated Communications by 39.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,982 shares of the utilities provider's stock worth $74,000 after acquiring an additional 4,803 shares during the period. Envestnet Portfolio Solutions Inc. grew its position in Consolidated Communications by 22.1% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 17,922 shares of the utilities provider's stock worth $78,000 after buying an additional 3,243 shares during the period. Susquehanna Fundamental Investments LLC acquired a new position in Consolidated Communications during the first quarter worth about $83,000. Finally, Gamco Investors INC. ET AL acquired a new position in Consolidated Communications during the first quarter worth about $110,000. 79.98% of the stock is currently owned by institutional investors and hedge funds.
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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