Shenandoah Telecommunications (NASDAQ:SHEN) had its price objective decreased by B. Riley from $54.00 to $48.00 in a report issued on Wednesday, Stock Target Advisor reports. The firm currently has a “buy” rating on the utilities provider’s stock. B. Riley’s price target would suggest a potential upside of 25.42% from the company’s current price.
Several other analysts have also recently weighed in on the company. Zacks Investment Research cut Shenandoah Telecommunications from a “hold” rating to a “sell” rating in a research report on Wednesday. BidaskClub cut Shenandoah Telecommunications from a “sell” rating to a “strong sell” rating in a research report on Friday, September 20th. Raymond James raised Shenandoah Telecommunications from a “market perform” rating to an “outperform” rating and set a $44.00 price objective on the stock in a research report on Wednesday, August 7th. Finally, ValuEngine raised Shenandoah Telecommunications from a “hold” rating to a “buy” rating in a research report on Saturday, October 5th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $47.50.
Shenandoah Telecommunications stock opened at $38.27 on Wednesday. The stock’s 50 day simple moving average is $31.87 and its two-hundred day simple moving average is $36.52. The company has a debt-to-equity ratio of 2.22, a quick ratio of 1.64 and a current ratio of 1.68. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 41.15 and a beta of 0.34. Shenandoah Telecommunications has a fifty-two week low of $29.61 and a fifty-two week high of $51.41.
Shenandoah Telecommunications (NASDAQ:SHEN) last posted its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.03). The firm had revenue of $155.15 million for the quarter, compared to the consensus estimate of $163.96 million. Shenandoah Telecommunications had a net margin of 8.87% and a return on equity of 12.28%. On average, analysts predict that Shenandoah Telecommunications will post 1.15 earnings per share for the current year.
Several institutional investors and hedge funds have recently modified their holdings of SHEN. Point72 Asset Management L.P. bought a new stake in shares of Shenandoah Telecommunications in the 2nd quarter worth approximately $31,000. Tower Research Capital LLC TRC raised its holdings in Shenandoah Telecommunications by 220.4% in the 2nd 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 last quarter. Russell Investments Group Ltd. purchased a new position in Shenandoah Telecommunications in the 3rd quarter worth approximately $68,000. Meeder Asset Management Inc. raised its holdings 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 acquiring an additional 1,723 shares during the last quarter. Finally, Aperio Group LLC purchased a new position in Shenandoah Telecommunications in the 2nd quarter worth approximately $151,000. 49.04% of the stock is currently owned by hedge funds and other institutional investors.
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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