Shenandoah Telecommunications (NASDAQ:SHEN) Receives “Buy” Rating from BWS Financial

Shenandoah Telecommunications (NASDAQ:SHEN)‘s stock had its “buy” rating reaffirmed by analysts at BWS Financial in a report released on Monday, Benzinga reports. They presently have a $26.00 price objective on the utilities provider’s stock. BWS Financial’s target price would indicate a potential upside of 92.17% from the company’s current price.

Shenandoah Telecommunications Stock Performance

Shares of SHEN stock traded up $0.06 during trading on Monday, reaching $13.53. 90,972 shares of the company’s stock traded hands, compared to its average volume of 150,103. Shenandoah Telecommunications has a 1 year low of $11.87 and a 1 year high of $25.51. The firm’s 50-day moving average is $16.32 and its 200 day moving average is $19.71. The company has a current ratio of 4.68, a quick ratio of 1.79 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $682.59 million, a P/E ratio of 3.13 and a beta of 0.61.

Shenandoah Telecommunications (NASDAQ:SHEN) last issued its quarterly earnings results on Wednesday, February 21st. The utilities provider reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.06. Shenandoah Telecommunications had a net margin of 77.44% and a return on equity of 0.27%. The firm had revenue of $72.51 million for the quarter, compared to analyst estimates of $71.85 million. During the same quarter in the prior year, the firm earned ($0.04) EPS. Equities research analysts expect that Shenandoah Telecommunications will post -0.05 EPS for the current year.

Institutional Trading of Shenandoah Telecommunications

A number of hedge funds have recently modified their holdings of the business. RWA Wealth Partners LLC bought a new stake in Shenandoah Telecommunications during the 4th quarter valued at about $2,583,000. Illinois Municipal Retirement Fund bought a new position in Shenandoah Telecommunications in the 3rd quarter worth $650,000. American Century Companies Inc. boosted its stake in Shenandoah Telecommunications by 25.6% in the 3rd quarter. American Century Companies Inc. now owns 445,005 shares of the utilities provider’s stock worth $9,172,000 after purchasing an additional 90,695 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Shenandoah Telecommunications by 7.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 709,168 shares of the utilities provider’s stock worth $14,616,000 after purchasing an additional 51,827 shares during the last quarter. Finally, Corton Capital Inc. raised its holdings in shares of Shenandoah Telecommunications by 23.7% during the 3rd quarter. Corton Capital Inc. now owns 23,881 shares of the utilities provider’s stock worth $492,000 after acquiring an additional 4,582 shares in the last quarter. Institutional investors own 61.96% of the company’s stock.

About Shenandoah Telecommunications

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.