Consolidated Communications (NASDAQ:CNSL) Hits New 12-Month High – Here’s Why

Shares of Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) hit a new 52-week high during trading on Tuesday . The company 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.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Consolidated Communications in a research report on Saturday, July 27th. They set a “sell” rating on the stock.

Consolidated Communications Trading Up 0.2 %

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 business’s 50 day moving average price is $4.60 and its 200-day moving average price is $4.45. The company has a market cap of $549.52 million, a price-to-earnings ratio of -1.79 and a beta of 0.97.

Consolidated Communications (NASDAQ:CNSL) last announced 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 business had revenue of $268.71 million for the quarter.

Institutional Trading of Consolidated Communications

Institutional investors have recently bought and sold shares of the stock. Innealta Capital LLC bought a new position in shares of Consolidated Communications during the first quarter valued at $53,000. Susquehanna Fundamental Investments LLC acquired a new position in Consolidated Communications during the 1st quarter worth about $83,000. Rather & Kittrell Inc. acquired a new position in Consolidated Communications during the 2nd quarter worth about $112,000. Gamco Investors INC. ET AL bought a new stake in Consolidated Communications during the 1st quarter worth about $110,000. Finally, AQR Capital Management LLC increased its position in Consolidated Communications by 22.1% in the 2nd quarter. AQR Capital Management LLC now owns 28,017 shares of the utilities provider’s stock valued at $123,000 after acquiring an additional 5,074 shares in the last quarter. 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.