Shenandoah Telecommunications (NASDAQ:SHEN) Earns “Buy” Rating from BWS Financial

Shenandoah Telecommunications (NASDAQ:SHEN)‘s stock had its “buy” rating reaffirmed by stock analysts at BWS Financial in a research note issued to investors on Monday,Benzinga reports. They presently have a $26.00 target price on the utilities provider’s stock. BWS Financial’s target price indicates a potential upside of 56.78% from the company’s previous close.

A number of other equities research analysts have also weighed in on the company. Craig Hallum began coverage on Shenandoah Telecommunications in a research report on Thursday, April 9th. They set a “buy” rating and a $29.00 target price for the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Shenandoah Telecommunications in a research report on Thursday, January 22nd. Finally, Wall Street Zen lowered Shenandoah Telecommunications from a “hold” rating to a “sell” rating in a research report on Saturday. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $27.50.

Shenandoah Telecommunications Stock Up 1.8%

NASDAQ SHEN traded up $0.29 on Monday, reaching $16.58. 63,149 shares of the stock traded hands, compared to its average volume of 297,143. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.90 and a current ratio of 1.12. The company has a fifty day moving average price of $15.00 and a 200-day moving average price of $12.85. The company has a market cap of $917.13 million, a price-to-earnings ratio of -20.94 and a beta of 0.66. Shenandoah Telecommunications has a 12 month low of $9.66 and a 12 month high of $17.34.

Shenandoah Telecommunications (NASDAQ:SHEN) last issued its earnings results on Friday, May 1st. The utilities provider reported ($0.31) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.07). The firm had revenue of $92.15 million for the quarter, compared to the consensus estimate of $91.34 million. Shenandoah Telecommunications had a negative net margin of 11.35% and a negative return on equity of 4.64%. As a group, research analysts forecast that Shenandoah Telecommunications will post -0.86 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in SHEN. Caitlin John LLC raised its position in shares of Shenandoah Telecommunications by 324.0% in the 4th quarter. Caitlin John LLC now owns 4,550 shares of the utilities provider’s stock worth $53,000 after acquiring an additional 3,477 shares in the last quarter. Russell Investments Group Ltd. grew its stake in Shenandoah Telecommunications by 11,367.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 4,243 shares of the utilities provider’s stock worth $57,000 after buying an additional 4,206 shares during the last quarter. State of Wyoming purchased a new position in Shenandoah Telecommunications during the 2nd quarter worth $65,000. iSAM Funds UK Ltd purchased a new position in Shenandoah Telecommunications during the 3rd quarter worth $67,000. Finally, Tower Research Capital LLC TRC grew its stake in Shenandoah Telecommunications by 80.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,992 shares of the utilities provider’s stock worth $68,000 after buying an additional 2,228 shares during the last quarter. 61.96% of the stock is owned by institutional investors.

Shenandoah Telecommunications Company Profile

Shenandoah Telecommunications Company operates as a diversified communications provider offering both wireless and wireline services across rural markets in the Mid-Atlantic region. Headquartered in Edinburg, Virginia, the company designs, builds and maintains network infrastructure to deliver mobile connectivity, high-speed broadband access and related telecommunications solutions to residential, business and wholesale customers.

In its wireless segment, the company owns and operates a portfolio of cellular towers and associated spectrum under a long-term partnership with a national carrier.