Shenandoah Telecommunications (NASDAQ:SHEN) Sets New 1-Year Low at $14.35

Shares of Shenandoah Telecommunications (NASDAQ:SHEN) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $14.35 and last traded at $14.42, with a volume of 33097 shares. The stock had previously closed at $14.69.

Analysts Set New Price Targets

Separately, BWS Financial upgraded Shenandoah Telecommunications from a “neutral” rating to a “buy” rating and set a $26.00 price objective on the stock in a report on Monday, March 4th.

Shenandoah Telecommunications Stock Up 0.4 %

The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $708.32 million, a PE ratio of 87.76 and a beta of 0.52. The firm has a 50-day moving average of $17.32 and a two-hundred day moving average of $20.20.

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SHEN. GAMMA Investing LLC purchased a new position in Shenandoah Telecommunications in the fourth quarter valued at about $27,000. Quest Partners LLC acquired a new stake in shares of Shenandoah Telecommunications during the fourth quarter valued at about $41,000. Counterpoint Mutual Funds LLC acquired a new stake in shares of Shenandoah Telecommunications during the third quarter valued at about $109,000. HTLF Bank acquired a new stake in shares of Shenandoah Telecommunications during the fourth quarter valued at about $203,000. Finally, Handelsbanken Fonder AB acquired a new stake in shares of Shenandoah Telecommunications during the third quarter valued at about $205,000. 61.96% of the stock is owned by hedge funds and other institutional investors.

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.