Shares of Shenandoah Telecommunications Co. (NASDAQ:SHEN) have received a consensus recommendation of “Hold” from the seven research firms that are currently covering the stock. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $35.25.

A number of research analysts have recently issued reports on the company. TheStreet downgraded Shenandoah Telecommunications from a “buy” rating to a “hold” rating in a research note on Wednesday, August 24th. Raymond James Financial Inc. raised Shenandoah Telecommunications from a “market perform” rating to an “outperform” rating and set a $33.00 price objective on the stock in a research note on Tuesday, August 16th. Zacks Investment Research downgraded Shenandoah Telecommunications from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 11th. Finally, FBR & Co downgraded Shenandoah Telecommunications from an “outperform” rating to a “market perform” rating and boosted their price objective for the company from $31.00 to $35.00 in a research note on Monday, August 8th.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada increased its position in Shenandoah Telecommunications by 18.7% in the second quarter. Royal Bank of Canada now owns 25,416 shares of the company’s stock worth $993,000 after buying an additional 3,998 shares during the period. IFP Advisors Inc purchased a new position in Shenandoah Telecommunications during the second quarter worth $109,000. Mawer Investment Management Ltd. purchased a new position in Shenandoah Telecommunications during the second quarter worth $1,571,000. Legal & General Group Plc increased its position in Shenandoah Telecommunications by 10.4% in the second quarter. Legal & General Group Plc now owns 12,749 shares of the company’s stock worth $492,000 after buying an additional 1,206 shares during the period. Finally, National Asset Management Inc. purchased a new position in Shenandoah Telecommunications during the second quarter worth $265,000. 42.04% of the stock is currently owned by institutional investors.

Shenandoah Telecommunications (NASDAQ:SHEN) traded down 1.73% on Tuesday, reaching $26.17. The company’s stock had a trading volume of 112,988 shares. The firm’s 50-day moving average price is $26.38 and its 200 day moving average price is $31.13. The company has a market cap of $1.28 billion, a P/E ratio of 47.67 and a beta of 1.11. Shenandoah Telecommunications has a 52-week low of $19.18 and a 52-week high of $42.66.

Shenandoah Telecommunications (NASDAQ:SHEN) last released its quarterly earnings results on Friday, August 5th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of $0.25 by $0.39. Shenandoah Telecommunications had a net margin of 6.83% and a return on equity of 16.83%. The company earned $130.30 million during the quarter, compared to the consensus estimate of $93.96 million. Equities analysts anticipate that Shenandoah Telecommunications will post $0.38 EPS for the current fiscal year.

Shenandoah Telecommunications Company Profile

Shenandoah Telecommunications Company is a telecommunications holding company. The Company, through its subsidiaries, provides both regulated and unregulated telecommunications services to end user customers and other telecommunications providers. Its segments include Wireless, which provides digital wireless service to a portion of over four-state area covering the region from Harrisburg, York and Altoona, Pennsylvania, to Harrisonburg, Virginia; Cable segment, which provides video, Internet and voice services in franchise areas in portions of Virginia, West Virginia and western Maryland, and leases fiber optic facilities throughout its service area; Wireline segment, which provides regulated and unregulated voice services, digital subscriber lines Internet access and long distance access services throughout Shenandoah county, and Other segment, which includes operations of the Company.

5 Day Chart for NASDAQ:SHEN

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