Consensus Cloud Solutions initiated with a Neutral at BTIG

BTIG analyst David Larsen initiated coverage of Consensus Cloud Solutions with a Neutral rating and no price target. As one of the largest digital fax providers in the market, and Consensus Cloud is a source for the transformation, enhancement, and secure exchange of digital information for regulated industries, the analyst tells investors. The firm likes how Consensus Cloud can make sense of a very complex work environment with critical clinical data, but revenue and EBITDA growth have slowed in a challenging acute care environment and the firm expects “very little, if any,” revenue and EBITDA growth in 2024, the analyst tells investors.