Stocks That Fell to 3-Year Lows in the Week of Dec. 29

PG&E Corp. (PCG), Omega Healthcare Investors Inc. (OHI), Infinera Corp. (INFN), and Consolidated Communications Holdings Inc. (CNSL) have declined to their respective three-year lows.

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Dec 31, 2017
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PG&E Corp. (PCG, Financial), Omega Healthcare Investors Inc. (OHI, Financial), Infinera Corp. (INFN, Financial), and Consolidated Communications Holdings Inc. (CNSL, Financial) have declined to their three-year lows.

PG&E Corp. (PCG, Financial) declined to $44.83

The prices of PG&E Corp. (PCG, Financial) shares have declined to $44.83 on Dec. 29, which is only 1.0% above the 3-year low of $44.38.

PG&E Corp. is an American investor-owned electric utility company. The company provides natural gas and electricity to most of the northern two-thirds of California, stretching from Bakersfield to the Oregon border, representing over 5.2 million households. The company is overseen by the California Public Utilities Commission.

PG&E Corp. has a market cap of $23.06 billion; its shares were traded around $44.83 with a P/E ratio of 10.26 and P/S ratio of 1.29. The trailing 12-month dividend yield of PG&E Corp. stocks is 4.56%.

On Dec. 13 PG&E Corp. announced that it has been named to the Billion Dollar Roundtable, an exclusive group of United States based corporations that have attained $1 billion or more in a certified direct diverse supplier spend. PG&E Corp. is the first California utility to join the group and will be formally inducted as the 28th member during next year’s summit.

Omega Healthcare Investors Inc. (OHI, Financial) declined to $27.54

The prices of Omega Healthcare Investors Inc. (OHI, Financial) shares have declined to $27.54 on Dec. 29, which is only 4.0% above the 3-year low of $26.43.

Omega Healthcare Investors Inc. is an American real estate investment firm that primarily invests in healthcare facilities, especially in the sale, construction, and renovation of skilled nursing facilities and assisted living facilities.

Omega Healthcare Investors Inc. has a market cap of $5.45 billion; its shares were traded around $27.54 with a P/E ratio of 33.19 and P/S ratio of 6.17. The trailing 12-month dividend yield of Omega Healthcare Investors Inc. stocks is 9.24%. The forward dividend yield of Omega Healthcare Investors Inc. stocks is 9.45%. Omega Healthcare Investors Inc. had an annual average earnings growth of 7.10% over the past 10 years.

Omega Healthcare Investors Inc. reported financial results for the third quarter of 2017 ended Sept. 30, 2017. Net loss for the quarter was $137.5 million, while funds from operations was $46.78 million. Adjusted funds from operations per share was $0.79, while adjusted funds from operations was $163.64 million.

Infinera Corp. (INFN, Financial) declined to $6.33

The prices of Infinera Corp. (INFN, Financial) shares have declined to $6.33 on Dec. 29, which is only 0.9% above the 3-year low of $6.27.

Infinera Corp. is an American telecommunications company that focuses on manufacturing wavelength division multiplexing optical transmission equipment for service providers. The company is vertically integrated and offers an end-to-end packet-optical portfolio designed for long-haul, subsea, and metro applications.

Infinera Corp. has a market cap of $945.220 million; its shares were traded around $6.33 with and P/S ratio of 1.28.

On Nov. 8 Infinera Corp. reported financial results for the third fiscal quarter of 2017 ended Sept. 30, 2017. GAAP revenue for the quarter was $192.6 million compared to $185.5 million during the same quarter prior year. GAAP gross margin for the quarter was 35.2% compared to 45.6% during the same quarter prior year. GAAP net loss for the quarter was $37.2 million, or $0.25 per share, compared to a net loss of $11.2 million or $0.08 per share during the same quarter prior year.

Consolidated Communications Holdings Inc. (CNSL, Financial) declined to $12.19

The prices of Consolidated Communications Holdings Inc. (CNSL, Financial) shares have declined to $12.19 on Dec. 29, which is only 1.0% above the 3-year low of $12.07.

Consolidated Communications Holdings Inc. is an American telecommunications company that serves eleven states in the U.S. The company offers residential digital TV, high speed internet, phone, home automation, and security services. The company also offers commercial services for businesses.

Consolidated Communications Holdings Inc. has a market cap of $863.490 million; its shares were traded around $12.19 with and P/S ratio of 0.79. The trailing 12-month dividend yield of Consolidated Communications Holdings Inc. stocks is 12.71%. The forward dividend yield of Consolidated Communications Holdings Inc. stocks is 12.59%. Consolidated Communications Holdings Inc. had an annual average earnings growth of 0.90% over the past 10 years.

On Dec. 21 Consolidated Communications Holdings Inc. announced that it has reached an agreement with fuboTV, a sports-first live streaming TV service, to bring its content line-up to Consolidated Communication’s customers. Customers can now stream more than 65 live sports channels.

Disclosure: I do not own stock in any of the companies mentioned in the article.