BidaskClub upgraded shares of Shenandoah Telecommunications (NASDAQ:SHEN) from a strong sell rating to a sell rating in a report published on Thursday.

SHEN has been the subject of a number of other research reports. BWS Financial set a $50.00 target price on shares of Shenandoah Telecommunications and gave the stock a buy rating in a research report on Wednesday, January 24th. TheStreet lowered shares of Shenandoah Telecommunications from a b- rating to a c+ rating in a research report on Friday, November 10th. Finally, Zacks Investment Research upgraded shares of Shenandoah Telecommunications from a sell rating to a hold rating in a research report on Wednesday, October 4th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. Shenandoah Telecommunications presently has an average rating of Hold and an average target price of $42.50.

Shenandoah Telecommunications (NASDAQ SHEN) opened at $32.80 on Thursday. The firm has a market cap of $1,630.66, a PE ratio of 273.33 and a beta of 0.68. The company has a current ratio of 1.34, a quick ratio of 1.28 and a debt-to-equity ratio of 2.60. Shenandoah Telecommunications has a 1 year low of $25.35 and a 1 year high of $41.80.

Shenandoah Telecommunications (NASDAQ:SHEN) last posted its quarterly earnings results on Thursday, November 2nd. The utilities provider reported $0.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.08. The company had revenue of $151.80 million during the quarter, compared to analyst estimates of $153.64 million. Shenandoah Telecommunications had a net margin of 0.91% and a return on equity of 4.04%. The firm’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.16) earnings per share. equities analysts forecast that Shenandoah Telecommunications will post 0.16 EPS for the current year.

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Shenandoah Telecommunications by 1.3% in the second quarter. Vanguard Group Inc. now owns 3,720,805 shares of the utilities provider’s stock worth $114,229,000 after buying an additional 47,212 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Shenandoah Telecommunications by 1.4% in the third quarter. Dimensional Fund Advisors LP now owns 2,202,254 shares of the utilities provider’s stock worth $81,925,000 after buying an additional 30,156 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Shenandoah Telecommunications by 0.6% in the second quarter. Renaissance Technologies LLC now owns 1,052,800 shares of the utilities provider’s stock worth $32,321,000 after buying an additional 6,500 shares in the last quarter. Mawer Investment Management Ltd. lifted its holdings in shares of Shenandoah Telecommunications by 20.5% in the third quarter. Mawer Investment Management Ltd. now owns 1,010,069 shares of the utilities provider’s stock worth $37,575,000 after buying an additional 171,670 shares in the last quarter. Finally, Crow Point Partners LLC lifted its holdings in shares of Shenandoah Telecommunications by 3.7% in the fourth quarter. Crow Point Partners LLC now owns 975,000 shares of the utilities provider’s stock worth $32,858,000 after buying an additional 35,000 shares in the last quarter. 48.48% of the stock is currently owned by hedge funds and other institutional investors.

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Shenandoah Telecommunications Company Profile

Shenandoah Telecommunications Company is a telecommunications holding company. The Company’s segments are Wireless, Cable, Wireline and Other. The Company, through its operating subsidiaries, provides both regulated and unregulated telecommunications services to end user customers and other telecommunications providers in Virginia, West Virginia, central Pennsylvania, western Maryland, and portions of Kentucky and Ohio.

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