Shenandoah Telecommunications (SHEN) Cut to “Strong Sell” at BidaskClub

Shenandoah Telecommunications (NASDAQ:SHEN) was downgraded by equities researchers at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Saturday.

Several other analysts have also recently commented on SHEN. Zacks Investment Research upgraded Shenandoah Telecommunications from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. TheStreet cut Shenandoah Telecommunications from a “b-” rating to a “c+” rating in a report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. Shenandoah Telecommunications currently has an average rating of “Hold” and a consensus target price of $35.00.

Shenandoah Telecommunications (SHEN) opened at $32.45 on Friday. The company has a debt-to-equity ratio of 2.60, a quick ratio of 1.28 and a current ratio of 1.34. Shenandoah Telecommunications has a 12 month low of $25.35 and a 12 month high of $41.80. The stock has a market capitalization of $1,598.64, a price-to-earnings ratio of 270.42 and a beta of 0.68.

Shenandoah Telecommunications (NASDAQ:SHEN) last released its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.08. Shenandoah Telecommunications had a return on equity of 4.04% and a net margin of 0.91%. The firm had revenue of $151.80 million during the quarter, compared to analyst estimates of $153.64 million. During the same period in the prior year, the company posted ($0.16) earnings per share. The business’s revenue for the quarter was down 3.2% compared to the same quarter last year. equities analysts anticipate that Shenandoah Telecommunications will post 0.16 EPS for the current fiscal year.

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Shenandoah Telecommunications by 1.3% during the second quarter. Vanguard Group Inc. now owns 3,720,805 shares of the utilities provider’s stock worth $114,229,000 after purchasing an additional 47,212 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Shenandoah Telecommunications by 1.4% during the third quarter. Dimensional Fund Advisors LP now owns 2,202,254 shares of the utilities provider’s stock worth $81,925,000 after purchasing an additional 30,156 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Shenandoah Telecommunications by 0.6% during the second quarter. Renaissance Technologies LLC now owns 1,052,800 shares of the utilities provider’s stock worth $32,321,000 after purchasing an additional 6,500 shares during the last quarter. Mawer Investment Management Ltd. grew its holdings in shares of Shenandoah Telecommunications by 20.5% during the third quarter. Mawer Investment Management Ltd. now owns 1,010,069 shares of the utilities provider’s stock worth $37,575,000 after purchasing an additional 171,670 shares during the last quarter. Finally, Crow Point Partners LLC grew its holdings in shares of Shenandoah Telecommunications by 3.7% during the fourth quarter. Crow Point Partners LLC now owns 975,000 shares of the utilities provider’s stock worth $32,858,000 after purchasing an additional 35,000 shares during the last quarter. Institutional investors own 48.41% of the company’s stock.

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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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