News stories about Shenandoah Telecommunications (NASDAQ:SHEN) have trended somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Shenandoah Telecommunications earned a news impact score of 0.12 on Accern’s scale. Accern also assigned media stories about the utilities provider an impact score of 46.2992007385105 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Several research analysts recently commented on the company. ValuEngine upgraded Shenandoah Telecommunications from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. Zacks Investment Research lowered Shenandoah Telecommunications from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Finally, BidaskClub upgraded Shenandoah Telecommunications from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $35.50.
Shenandoah Telecommunications (NASDAQ:SHEN) traded up 1.03% on Friday, reaching $34.45. The company had a trading volume of 611,595 shares. The firm’s market capitalization is $1.69 billion. Shenandoah Telecommunications has a 1-year low of $22.05 and a 1-year high of $37.90. The company’s 50-day moving average price is $35.02 and its 200 day moving average price is $31.24.
Shenandoah Telecommunications (NASDAQ:SHEN) last announced its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.06. Shenandoah Telecommunications had a negative net margin of 0.89% and a positive return on equity of 5.43%. The company had revenue of $153.30 million during the quarter, compared to analysts’ expectations of $153.83 million. The company’s quarterly revenue was up 17.7% on a year-over-year basis. On average, equities analysts forecast that Shenandoah Telecommunications will post $0.10 EPS for the current year.
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About Shenandoah Telecommunications
Shenandoah Telecommunications Company is a telecommunications holding company. The Company’s segments are Wireless, Cable, Wireline and Other. The Company, through its operating subsidiaries, provides both regulated and unregulated telecommunications services to end user customers and other telecommunications providers in Virginia, West Virginia, central Pennsylvania, western Maryland, and portions of Kentucky and Ohio.
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