Consolidated Communications (NASDAQ:CNSL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.

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. “

Other analysts also recently issued research reports about the stock. ValuEngine downgraded shares of Consolidated Communications from a “hold” rating to a “sell” rating in a research report on Wednesday, September 6th. Drexel Hamilton raised shares of Consolidated Communications from a “hold” rating to a “buy” rating in a research report on Tuesday. They noted that the move was a valuation call. Cowen reissued a “hold” rating and set a $21.00 price target on shares of Consolidated Communications in a research report on Thursday, October 19th. Finally, Jefferies Group decreased their price target on shares of Consolidated Communications from $21.00 to $19.00 and set a “hold” rating for the company in a research report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $22.00.

Consolidated Communications (NASDAQ:CNSL) traded down $1.02 during mid-day trading on Wednesday, hitting $12.27. 2,149,933 shares of the stock were exchanged, compared to its average volume of 1,907,700. Consolidated Communications has a twelve month low of $12.07 and a twelve month high of $27.88. The company has a debt-to-equity ratio of 4.61, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market capitalization of $863.49, a P/E ratio of -22.72, a P/E/G ratio of 21.49 and a beta of 0.74.

In other news, Director Thomas A. Gerke acquired 6,850 shares of Consolidated Communications stock in a transaction that occurred on Tuesday, November 7th. The shares were purchased at an average cost of $14.63 per share, for a total transaction of $100,215.50. Following the completion of the purchase, the director now directly owns 12,667 shares of the company’s stock, valued at approximately $185,318.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert J. Currey acquired 5,000 shares of Consolidated Communications stock in a transaction that occurred on Tuesday, November 14th. The shares were purchased at an average price of $13.43 per share, for a total transaction of $67,150.00. Following the completion of the purchase, the director now directly owns 45,995 shares of the company’s stock, valued at $617,712.85. The disclosure for this purchase can be found here. Insiders have purchased 17,550 shares of company stock worth $247,203 over the last 90 days. 3.00% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in CNSL. SG Americas Securities LLC bought a new position in Consolidated Communications during the second quarter worth $127,000. QS Investors LLC lifted its stake in Consolidated Communications by 17,467.6% during the second quarter. QS Investors LLC now owns 6,500 shares of the utilities provider’s stock worth $140,000 after purchasing an additional 6,463 shares during the last quarter. Advisor Group Inc. lifted its stake in Consolidated Communications by 28.7% during the second quarter. Advisor Group Inc. now owns 8,268 shares of the utilities provider’s stock worth $167,000 after purchasing an additional 1,846 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in Consolidated Communications during the third quarter worth $194,000. Finally, Piedmont Investment Advisors LLC bought a new position in Consolidated Communications during the second quarter worth $236,000. Hedge funds and other institutional investors own 70.79% of the company’s stock.

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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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Analyst Recommendations for Consolidated Communications (NASDAQ:CNSL)

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