Shenandoah Telecommunications (NASDAQ:SHEN) Sets New 52-Week Low at $14.64

Shenandoah Telecommunications (NASDAQ:SHEN)’s share price reached a new 52-week low during trading on Tuesday . The company traded as low as $14.64 and last traded at $14.64, with a volume of 70654 shares. The stock had previously closed at $15.24.

Wall Street Analysts Forecast Growth

Separately, BWS Financial upgraded shares of Shenandoah Telecommunications from a “neutral” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Monday, March 4th.

Shenandoah Telecommunications Price Performance

The firm has a market capitalization of $725.47 million, a price-to-earnings ratio of 89.88 and a beta of 0.52. The company’s 50 day moving average is $17.79 and its 200-day moving average is $20.41. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.45.

Shenandoah Telecommunications (NASDAQ:SHEN) last issued its quarterly earnings data on Wednesday, February 21st. The utilities provider reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.06. The firm had revenue of $72.51 million during the quarter, compared to the consensus estimate of $71.85 million. Shenandoah Telecommunications had a net margin of 2.80% and a return on equity of 1.24%. During the same period last year, the business posted ($0.04) earnings per share. Equities research analysts anticipate that Shenandoah Telecommunications will post -0.05 earnings per share for the current year.

Institutional Investors Weigh In On Shenandoah Telecommunications

Several hedge funds have recently bought and sold shares of SHEN. Cerity Partners LLC acquired a new stake in Shenandoah Telecommunications during the fourth quarter worth approximately $22,186,000. Norges Bank bought a new position in shares of Shenandoah Telecommunications during the fourth quarter worth approximately $6,500,000. American Century Companies Inc. increased its holdings in shares of Shenandoah Telecommunications by 429.4% during the first quarter. American Century Companies Inc. now owns 214,207 shares of the utilities provider’s stock worth $3,965,000 after purchasing an additional 173,748 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Shenandoah Telecommunications by 10.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,787,782 shares of the utilities provider’s stock worth $42,156,000 after purchasing an additional 169,835 shares during the period. Finally, RWA Wealth Partners LLC bought a new position in shares of Shenandoah Telecommunications during the fourth quarter worth approximately $2,583,000. 61.96% of the stock is currently owned by institutional investors and hedge funds.

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.