Shenandoah Telecommunications (NASDAQ:SHEN) Stock Rating Upgraded by StockNews.com

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

Separately, BWS Financial reaffirmed a “buy” rating and set a $26.00 price target on shares of Shenandoah Telecommunications in a research report on Tuesday, February 25th.

Shenandoah Telecommunications Trading Down 1.2 %

Shares of Shenandoah Telecommunications stock opened at $12.55 on Wednesday. The firm has a market cap of $688.44 million, a PE ratio of 3.31 and a beta of 0.71. The company has a quick ratio of 0.79, a current ratio of 0.82 and a debt-to-equity ratio of 0.44. Shenandoah Telecommunications has a fifty-two week low of $9.77 and a fifty-two week high of $21.89. The business’s fifty day moving average is $11.53 and its two-hundred day moving average is $12.97.

Shenandoah Telecommunications (NASDAQ:SHEN) last released its earnings results 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 business had revenue of $85.41 million for the quarter, compared to analysts’ expectations of $89.65 million. Shenandoah Telecommunications had a negative return on equity of 2.50% and a net margin of 58.03%. Analysts anticipate that Shenandoah Telecommunications will post -0.49 earnings per share for the current year.

Institutional Investors Weigh In On Shenandoah Telecommunications

Several institutional investors and hedge funds have recently added to or reduced their stakes in SHEN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Shenandoah Telecommunications by 4.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,716 shares of the utilities provider’s stock valued at $349,000 after purchasing an additional 1,061 shares in the last quarter. Nebula Research & Development LLC lifted its position in Shenandoah Telecommunications by 5.5% during the fourth quarter. Nebula Research & Development LLC now owns 22,076 shares of the utilities provider’s stock valued at $278,000 after buying an additional 1,147 shares in the last quarter. PAX Financial Group LLC grew its stake in 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 buying an additional 1,353 shares during the period. Tower Research Capital LLC TRC increased its position in shares of Shenandoah Telecommunications by 11.2% in 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 in the last quarter. Finally, LPL Financial LLC raised its stake in shares of Shenandoah Telecommunications by 5.9% in the 4th quarter. LPL Financial LLC now owns 38,461 shares of the utilities provider’s stock valued at $485,000 after acquiring an additional 2,143 shares during the period. 61.96% of the stock is currently owned by institutional investors and hedge funds.

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.