Consolidated Communications Holdings, Inc. (NASDAQ:CNSL - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $4.39 and traded as high as $4.57. Consolidated Communications shares last traded at $4.56, with a volume of 216,270 shares changing hands.
Analyst Upgrades and Downgrades
Separately, StockNews.com assumed coverage on Consolidated Communications in a research note on Saturday, July 27th. They set a "sell" rating on the stock.
Check Out Our Latest Report on Consolidated Communications
Consolidated Communications Stock Performance
The company has a debt-to-equity ratio of 7.51, a quick ratio of 0.72 and a current ratio of 0.72. The stock has a fifty day simple moving average of $4.51 and a two-hundred day simple moving average of $4.39. The stock has a market cap of $544.78 million, a PE ratio of -1.76 and a beta of 1.00.
Consolidated Communications (NASDAQ:CNSL - Get Free Report) last posted its 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 return on equity of 25.00% and a negative net margin of 17.74%.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the business. Innealta Capital LLC purchased a new stake in Consolidated Communications during the 1st quarter worth approximately $53,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Consolidated Communications by 39.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,982 shares of the utilities provider's stock valued at $74,000 after acquiring an additional 4,803 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in Consolidated Communications by 22.1% during the 4th 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 acquired a new position in Consolidated Communications during the 1st quarter worth $83,000. Finally, Gamco Investors INC. ET AL bought a new stake in shares of Consolidated Communications in the 1st quarter worth about $110,000. Institutional investors and hedge funds own 79.98% of the company's stock.
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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