According to Zacks, “Shenandoah Telecommunications Company is a holding company which provides a broad range of telecommunications services through its operating subsidiaries. The Company’s operating subsidiaries provide local telephone, cable, Internet access, interexchange facilities, cellular and PCS services, along with many other associated services. “
Several other equities analysts also recently weighed in on the stock. Raymond James raised shares of Shenandoah Telecommunications from a market perform rating to an outperform rating and set a $44.00 price target on the stock in a research note on Wednesday, August 7th. ValuEngine upgraded shares of Shenandoah Telecommunications from a hold rating to a buy rating in a research report on Saturday, October 5th. Finally, BidaskClub downgraded shares of Shenandoah Telecommunications from a sell rating to a strong sell rating in a research report on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $49.00.
Shares of SHEN traded down $0.49 during mid-day trading on Wednesday, hitting $29.82. The company’s stock had a trading volume of 1,915 shares, compared to its average volume of 143,571. The company’s 50-day moving average is $31.97 and its 200-day moving average is $38.22. Shenandoah Telecommunications has a 52-week low of $30.04 and a 52-week high of $51.41. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 32.11 and a beta of 0.38. The company has a current ratio of 1.74, a quick ratio of 1.69 and a debt-to-equity ratio of 2.27.
Shenandoah Telecommunications (NASDAQ:SHEN) last announced its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $0.26 earnings per share for the quarter, hitting the consensus estimate of $0.26. The firm had revenue of $158.91 million during the quarter, compared to analysts’ expectations of $162.23 million. Shenandoah Telecommunications had a net margin of 9.00% and a return on equity of 12.75%. As a group, sell-side analysts predict that Shenandoah Telecommunications will post 1.16 earnings per share for the current fiscal year.
Large investors have recently bought and sold shares of the company. Point72 Asset Management L.P. bought a new position in Shenandoah Telecommunications during the second quarter worth $31,000. Tower Research Capital LLC TRC grew its holdings in Shenandoah Telecommunications by 220.4% during the second quarter. Tower Research Capital LLC TRC now owns 1,070 shares of the utilities provider’s stock worth $41,000 after acquiring an additional 736 shares during the period. Meeder Asset Management Inc. increased its stake in Shenandoah Telecommunications by 622.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 2,000 shares of the utilities provider’s stock worth $77,000 after purchasing an additional 1,723 shares in the last quarter. NumerixS Investment Technologies Inc increased its stake in Shenandoah Telecommunications by 633.3% in the 1st quarter. NumerixS Investment Technologies Inc now owns 2,200 shares of the utilities provider’s stock worth $98,000 after purchasing an additional 1,900 shares in the last quarter. Finally, Aperio Group LLC purchased a new position in Shenandoah Telecommunications in the 2nd quarter worth about $151,000. 49.03% of the stock is currently owned by institutional investors and hedge funds.
Shenandoah Telecommunications Company Profile
Shenandoah Telecommunications Company, through its subsidiaries, primarily provides wireless, cable, and wireline telecommunications services to customers and other telecommunications providers. The company operates in three segments: Wireless, Cable, and Wireline. The Wireless segment provides digital wireless mobile services; and wireless mobility communications network products and services.
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