Shenandoah Telecommunications Co. (NASDAQ:SHEN) has been assigned an average recommendation of “Buy” from the seven ratings firms that are covering the stock. Three analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $35.25.

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

A number of institutional investors have recently made changes to their positions in the company. Victory Capital Management Inc. boosted its position in shares of Shenandoah Telecommunications by 77.4% in the second quarter. Victory Capital Management Inc. now owns 2,730 shares of the company’s stock valued at $107,000 after buying an additional 1,191 shares during the period. IFP Advisors Inc purchased a new position in shares of Shenandoah Telecommunications during the second quarter valued at about $109,000. BlackRock Inc. boosted its position in shares of Shenandoah Telecommunications by 479.8% in the first quarter. BlackRock Inc. now owns 3,798 shares of the company’s stock valued at $102,000 after buying an additional 3,143 shares during the period. BNP Paribas Arbitrage SA boosted its position in shares of Shenandoah Telecommunications by 76.1% in the third quarter. BNP Paribas Arbitrage SA now owns 3,968 shares of the company’s stock valued at $108,000 after buying an additional 1,715 shares during the period. Finally, Toronto Dominion Bank boosted its position in shares of Shenandoah Telecommunications by 1,196.1% in the third quarter. Toronto Dominion Bank now owns 4,640 shares of the company’s stock valued at $126,000 after buying an additional 4,282 shares during the period. Hedge funds and other institutional investors own 41.42% of the company’s stock.

Shenandoah Telecommunications (NASDAQ:SHEN) opened at 25.35 on Tuesday. The firm has a market capitalization of $1.24 billion, a PE ratio of 46.17 and a beta of 0.99. Shenandoah Telecommunications has a one year low of $19.18 and a one year high of $42.66. The stock has a 50 day moving average of $26.04 and a 200-day moving average of $30.87.

Shenandoah Telecommunications (NASDAQ:SHEN) last issued its quarterly earnings data on Monday, November 7th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by $0.30. Shenandoah Telecommunications had a net margin of 2.44% and a return on equity of 15.62%. The firm earned $156.80 million during the quarter, compared to analyst estimates of $161.09 million. On average, equities analysts predict that Shenandoah Telecommunications will post $0.42 EPS for the current year.

The firm also recently announced an annual dividend, which will be paid on Thursday, December 1st. Stockholders of record on Friday, November 4th will be paid a dividend of $0.25 per share. This represents a dividend yield of 0.96%. The ex-dividend date is Wednesday, November 2nd. Shenandoah Telecommunications’s dividend payout ratio (DPR) is currently 113.64%.

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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