Zacks Investment Research upgraded shares of Consolidated Communications (NASDAQ:CNSL) from a sell rating to a hold rating in a research note published on Wednesday, January 3rd.

According to Zacks, “Consolidated Communications Holdings, Inc. offers a wide range of telecommunications services including local and long distance telephone, Digital Phone, High-Speed Internet access and Digital TV to individuals and businesses in Illinois, Pennsylvania, and Texas. The company also offers telephone directory publishing services, wholesale transport services, billing and collection services, inside wiring services, and maintenance services. Consolidated Communications Holdings, Inc. is headquartered in Mattoon, Illinois. “

A number of other equities analysts have also issued reports on CNSL. Cowen reaffirmed a hold rating and set a $21.00 target price on shares of Consolidated Communications in a research report on Thursday, October 19th. ValuEngine downgraded shares of Consolidated Communications from a hold rating to a sell rating in a research note on Sunday, December 31st. Drexel Hamilton upgraded shares of Consolidated Communications from a hold rating to a buy rating in a research note on Tuesday, January 2nd. They noted that the move was a valuation call. Finally, Jefferies Group reduced their target price on shares of Consolidated Communications from $21.00 to $19.00 and set a hold rating on the stock in a research note on Friday, November 3rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and two have given a strong buy rating to the company’s stock. Consolidated Communications presently has a consensus rating of Buy and a consensus target price of $22.00.

Consolidated Communications (CNSL) opened at $12.76 on Wednesday. Consolidated Communications has a 52-week low of $12.03 and a 52-week high of $26.79. The company has a market cap of $910.24, a P/E ratio of -23.63, a PEG ratio of 22.65 and a beta of 0.74. The company has a debt-to-equity ratio of 4.61, a current ratio of 0.88 and a quick ratio of 0.88.

In other Consolidated Communications news, Director Thomas A. Gerke acquired 6,850 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The stock was acquired at an average cost of $14.63 per share, for a total transaction of $100,215.50. Following the transaction, the director now owns 12,667 shares of the company’s stock, valued at $185,318.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert J. Currey purchased 5,000 shares of Consolidated Communications stock in a transaction on Tuesday, November 14th. The shares were purchased at an average cost of $13.43 per share, with a total value of $67,150.00. Following the transaction, the director now owns 45,995 shares in the company, valued at $617,712.85. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 17,550 shares of company stock valued at $247,203. 3.00% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in CNSL. SG Americas Securities LLC acquired a new position in Consolidated Communications during the 2nd quarter worth approximately $127,000. Bfsg LLC acquired a new stake in shares of Consolidated Communications in the 4th quarter valued at approximately $129,000. QS Investors LLC boosted its holdings in shares of Consolidated Communications by 17,467.6% in the 2nd quarter. QS Investors LLC now owns 6,500 shares of the utilities provider’s stock valued at $140,000 after buying an additional 6,463 shares during the last quarter. Advisor Group Inc. boosted its holdings in shares of Consolidated Communications by 28.7% in the 2nd quarter. Advisor Group Inc. now owns 8,268 shares of the utilities provider’s stock valued at $167,000 after buying an additional 1,846 shares during the last quarter. Finally, Bank of Montreal Can boosted its holdings in shares of Consolidated Communications by 259.5% in the 4th quarter. Bank of Montreal Can now owns 14,138 shares of the utilities provider’s stock valued at $173,000 after buying an additional 10,205 shares during the last quarter. 71.17% of the stock is owned by hedge funds and other institutional investors.

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Consolidated Communications Company Profile

Consolidated Communications Holdings, Inc is a holding company with operating subsidiaries that provide integrated communications services in consumer, commercial and carrier channels in California, Illinois, Iowa, Kansas, Minnesota, Missouri, North Dakota, Pennsylvania, South Dakota, Texas and Wisconsin.

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