Shenandoah Telecommunications (NASDAQ:SHEN) Upgraded at StockNews.com

StockNews.com upgraded shares of Shenandoah Telecommunications (NASDAQ:SHEN) to a sell rating in a report issued on Wednesday morning.

Separately, BWS Financial restated a “buy” rating and issued a $26.00 price objective on shares of Shenandoah Telecommunications in a report on Tuesday, February 25th.

Shenandoah Telecommunications Stock Performance

SHEN opened at $12.78 on Wednesday. The business’s 50-day moving average price is $11.54 and its two-hundred day moving average price is $12.95. Shenandoah Telecommunications has a 1 year low of $9.77 and a 1 year high of $21.89. The company has a market capitalization of $701.06 million, a price-to-earnings ratio of 3.37 and a beta of 0.71. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.82 and a quick ratio of 0.79.

Shenandoah Telecommunications (NASDAQ:SHEN) last announced its quarterly earnings data on Thursday, February 20th. The utilities provider reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.07). The company had revenue of $85.41 million during the quarter, compared to the consensus estimate of $89.65 million. Shenandoah Telecommunications had a net margin of 58.03% and a negative return on equity of 2.50%. Equities analysts expect that Shenandoah Telecommunications will post -0.49 EPS for the current fiscal year.

Hedge Funds Weigh In On Shenandoah Telecommunications

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Shenandoah Telecommunications by 4.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,716 shares of the utilities provider’s stock worth $349,000 after purchasing an additional 1,061 shares during the period. Nebula Research & Development LLC boosted its holdings in shares of Shenandoah Telecommunications by 5.5% during the fourth quarter. Nebula Research & Development LLC now owns 22,076 shares of the utilities provider’s stock worth $278,000 after acquiring an additional 1,147 shares during the period. PAX Financial Group LLC boosted its holdings in shares of Shenandoah Telecommunications by 3.8% during the fourth quarter. PAX Financial Group LLC now owns 37,118 shares of the utilities provider’s stock worth $468,000 after acquiring an additional 1,353 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of Shenandoah Telecommunications by 11.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 13,735 shares of the utilities provider’s stock worth $173,000 after acquiring an additional 1,380 shares during the period. Finally, LPL Financial LLC boosted its holdings in shares of Shenandoah Telecommunications by 5.9% during the fourth quarter. LPL Financial LLC now owns 38,461 shares of the utilities provider’s stock worth $485,000 after acquiring an additional 2,143 shares during the period. Institutional investors own 61.96% of the company’s stock.

Shenandoah Telecommunications Company Profile

Shenandoah Telecommunications Company, together with its subsidiaries, provides a range of broadband communication services and cell tower colocation space in the Mid-Atlantic portion of the United States. It operates in two segments, Broadband and Tower. The company Broadband segment offers broadband, video, and voice services to residential and commercial customers in Virginia, West Virginia, Maryland, Pennsylvania, and Kentucky through hybrid fiber coaxial cable under the Shentel brand; and fiber optic services under the Glo Fiber brand name.