BidaskClub upgraded shares of Consolidated Communications (NASDAQ:CNSL) from a buy rating to a strong-buy rating in a report published on Friday.

Separately, Zacks Investment Research cut Consolidated Communications from a hold rating to a sell rating in a research note on Wednesday, September 12th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Consolidated Communications currently has an average rating of Hold and a consensus price target of $14.50.

Shares of CNSL opened at $12.74 on Friday. Consolidated Communications has a 1-year low of $10.31 and a 1-year high of $19.82. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 4.49.

Consolidated Communications (NASDAQ:CNSL) last issued its quarterly earnings results on Thursday, August 2nd. The utilities provider reported ($0.11) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.10) by ($0.01). The company had revenue of $350.22 million during the quarter, compared to analysts’ expectations of $351.29 million. Consolidated Communications had a negative return on equity of 3.15% and a net margin of 3.47%. On average, sell-side analysts anticipate that Consolidated Communications will post -0.43 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 1st. Shareholders of record on Monday, October 15th will be paid a dividend of $0.387 per share. The ex-dividend date is Friday, October 12th. This represents a $1.55 annualized dividend and a yield of 12.15%. Consolidated Communications’s dividend payout ratio (DPR) is presently 596.15%.

Large investors have recently added to or reduced their stakes in the business. Amalgamated Bank purchased a new position in Consolidated Communications during the 2nd quarter valued at about $126,000. Macquarie Group Ltd. grew its stake in Consolidated Communications by 85.5% during the 2nd quarter. Macquarie Group Ltd. now owns 10,200 shares of the utilities provider’s stock valued at $126,000 after acquiring an additional 4,700 shares in the last quarter. Hsbc Holdings PLC purchased a new position in Consolidated Communications during the 1st quarter valued at about $119,000. S. Muoio & CO. LLC purchased a new position in Consolidated Communications during the 2nd quarter valued at about $135,000. Finally, Profund Advisors LLC purchased a new position in Consolidated Communications during the 1st quarter valued at about $122,000. 71.34% of the stock is currently owned by institutional investors.

About Consolidated Communications

Consolidated Communications Holdings, Inc, through its subsidiaries, provides various integrated communications services to business and residential customers in the United States. It offers a range of communication services and products that include local and long-distance, high-speed broadband Internet access, video, voice over Internet protocol, private line, custom calling features, security, cloud, data center, managed and IT, and directory publishing services, as well as engages in equipment sales activities.

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