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

Consolidated Communications Holdings, Inc. (NASDAQ:CNSL)’s share price hit a new 52-week high during trading on Friday . The company traded as high as $4.65 and last traded at $4.64, with a volume of 208070 shares traded. The stock had previously closed at $4.64.

Wall Street Analysts Forecast Growth

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

Consolidated Communications Price Performance

The firm has a fifty day moving average price of $4.61 and a two-hundred day moving average price of $4.48. 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 market capitalization of $549.75 million, a P/E ratio of -2.18 and a beta of 0.97.

Consolidated Communications (NASDAQ:CNSL) last released its 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 firm had revenue of $268.71 million for the quarter.

Institutional Investors Weigh In On Consolidated Communications

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Consolidated Communications by 0.5% in the first quarter. Vanguard Group Inc. now owns 5,288,739 shares of the utilities provider’s stock worth $22,847,000 after purchasing an additional 25,226 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Consolidated Communications by 1.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,876,311 shares of the utilities provider’s stock valued at $17,056,000 after buying an additional 48,609 shares in the last quarter. Private Advisor Group LLC increased its stake in Consolidated Communications by 34.1% during the second quarter. Private Advisor Group LLC now owns 2,264,899 shares of the utilities provider’s stock worth $9,966,000 after acquiring an additional 575,340 shares during the last quarter. Hsbc Holdings PLC increased its position in Consolidated Communications by 27.9% during the second quarter. Hsbc Holdings PLC now owns 619,494 shares of the utilities provider’s stock valued at $2,723,000 after acquiring an additional 135,035 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Consolidated Communications by 2.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 604,060 shares of the utilities provider’s stock worth $2,658,000 after purchasing an additional 16,217 shares during the period. Institutional investors 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.