Shenandoah Telecommunications (NASDAQ:SHEN) Upgraded at StockNews.com

StockNews.com upgraded shares of Shenandoah Telecommunications (NASDAQ:SHEN) to a sell rating in a research report sent to investors on Thursday morning.

Separately, BWS Financial reaffirmed a “buy” rating and issued a $26.00 target price on shares of Shenandoah Telecommunications in a research report on Thursday, May 1st.

Shenandoah Telecommunications Trading Up 1.6 %

SHEN opened at $11.92 on Thursday. The firm’s 50 day moving average is $12.43 and its 200-day moving average is $12.48. Shenandoah Telecommunications has a 52-week low of $9.77 and a 52-week high of $21.89. The company has a quick ratio of 0.79, a current ratio of 0.82 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $653.90 million, a P/E ratio of 3.15 and a beta of 0.82.

Shenandoah Telecommunications (NASDAQ:SHEN) last issued its quarterly earnings data on Wednesday, April 30th. The utilities provider reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.05). The firm had revenue of $87.90 million during the quarter, compared to analyst estimates of $89.31 million. Shenandoah Telecommunications had a negative return on equity of 2.50% and a net margin of 58.03%. During the same quarter in the prior year, the firm earned ($0.07) EPS. Analysts expect that Shenandoah Telecommunications will post -0.49 EPS for the current fiscal year.

Institutional Investors Weigh In On Shenandoah Telecommunications

A number of institutional investors have recently modified their holdings of the stock. Barclays PLC raised its stake in Shenandoah Telecommunications by 339.4% during the third quarter. Barclays PLC now owns 80,151 shares of the utilities provider’s stock valued at $1,131,000 after buying an additional 61,910 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Shenandoah Telecommunications by 135.2% during the 4th quarter. GAMMA Investing LLC now owns 8,722 shares of the utilities provider’s stock valued at $110,000 after acquiring an additional 5,013 shares in the last quarter. Inspire Investing LLC lifted its stake in Shenandoah Telecommunications by 9.7% during the fourth quarter. Inspire Investing LLC now owns 31,807 shares of the utilities provider’s stock worth $401,000 after purchasing an additional 2,819 shares during the last quarter. Capital Investment Advisory Services LLC acquired a new position in Shenandoah Telecommunications in the fourth quarter worth $252,000. Finally, DAVENPORT & Co LLC increased its stake in Shenandoah Telecommunications by 16.1% during the fourth quarter. DAVENPORT & Co LLC now owns 1,012,685 shares of the utilities provider’s stock valued at $12,770,000 after purchasing an additional 140,314 shares during the last quarter. Institutional investors and hedge funds own 61.96% of the company’s stock.

Shenandoah Telecommunications Company Profile

Shenandoah Telecommunications Company, together with its subsidiaries, provides a range of broadband communication services and cell tower colocation space in the Mid-Atlantic portion of the United States. It operates in two segments, Broadband and Tower. The company Broadband segment offers broadband, video, and voice services to residential and commercial customers in Virginia, West Virginia, Maryland, Pennsylvania, and Kentucky through hybrid fiber coaxial cable under the Shentel brand; and fiber optic services under the Glo Fiber brand name.