Shenandoah Telecommunications (NASDAQ:SHEN) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Shenandoah Telecommunications (NASDAQ:SHEN) from a sell rating to a hold rating in a research report report published on Saturday morning.

SHEN has been the topic of several other reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Shenandoah Telecommunications in a research note on Friday, July 31st. BWS Financial restated a “buy” rating and set a $26.00 price objective on shares of Shenandoah Telecommunications in a research note on Thursday, July 30th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $27.50.

Shenandoah Telecommunications Trading Down 1.3%

NASDAQ:SHEN opened at $13.31 on Friday. The company has a market cap of $736.97 million, a P/E ratio of -17.06 and a beta of 0.68. Shenandoah Telecommunications has a twelve month low of $9.66 and a twelve month high of $17.34. The business has a 50 day moving average price of $13.73 and a two-hundred day moving average price of $14.26. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.83.

Shenandoah Telecommunications (NASDAQ:SHEN) last posted its quarterly earnings data on Wednesday, July 29th. The utilities provider reported ($0.17) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.11. Shenandoah Telecommunications had a negative net margin of 10.83% and a negative return on equity of 4.54%. The company had revenue of $93.46 million for the quarter, compared to the consensus estimate of $92.83 million. As a group, analysts expect that Shenandoah Telecommunications will post -0.85 EPS for the current fiscal year.

Insider Activity at Shenandoah Telecommunications

In related news, CFO James J. Volk acquired 4,283 shares of the business’s stock in a transaction dated Friday, July 31st. The stock was bought at an average price of $11.67 per share, with a total value of $49,982.61. Following the acquisition, the chief financial officer owned 92,671 shares in the company, valued at $1,081,470.57. This represents a 4.85% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 5.01% of the company’s stock.

Institutional Trading of Shenandoah Telecommunications

A number of large investors have recently added to or reduced their stakes in the company. Caitlin John LLC increased its stake in shares of Shenandoah Telecommunications by 324.0% during the 4th quarter. Caitlin John LLC now owns 4,550 shares of the utilities provider’s stock worth $53,000 after purchasing an additional 3,477 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Shenandoah Telecommunications by 11,367.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 4,243 shares of the utilities provider’s stock valued at $57,000 after purchasing an additional 4,206 shares during the last quarter. State of Wyoming acquired a new stake in Shenandoah Telecommunications in the 2nd quarter valued at about $65,000. iSAM Funds UK Ltd bought a new position in Shenandoah Telecommunications during the third quarter worth about $67,000. Finally, Tower Research Capital LLC TRC grew its holdings in Shenandoah Telecommunications by 80.6% during the second quarter. Tower Research Capital LLC TRC now owns 4,992 shares of the utilities provider’s stock worth $68,000 after purchasing an additional 2,228 shares during the period. Institutional investors and hedge funds own 61.96% of the company’s stock.

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.