Shenandoah Telecommunications (NASDAQ:SHEN) Upgraded by StockNews.com to Sell Rating

Shenandoah Telecommunications (NASDAQ:SHEN) was upgraded by stock analysts at StockNews.com to a “sell” rating in a research report issued on Wednesday.

Separately, BWS Financial reaffirmed a “buy” rating and issued a $26.00 price target on shares of Shenandoah Telecommunications in a report on Tuesday, February 25th.

Shenandoah Telecommunications Price Performance

Shares of SHEN opened at $12.45 on Wednesday. The firm has a market capitalization of $682.96 million, a PE ratio of 3.28 and a beta of 0.71. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.82 and a quick ratio of 0.79. Shenandoah Telecommunications has a 1-year low of $9.77 and a 1-year high of $21.89. The company’s fifty day moving average price is $11.53 and its 200-day moving average price is $12.97.

Shenandoah Telecommunications (NASDAQ:SHEN) last posted its quarterly earnings results on Thursday, February 20th. The utilities provider reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.07). Shenandoah Telecommunications had a net margin of 58.03% and a negative return on equity of 2.50%. The business had revenue of $85.41 million during the quarter, compared to analysts’ expectations of $89.65 million. On average, equities research analysts predict that Shenandoah Telecommunications will post -0.49 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Versant Capital Management Inc raised its position in shares of Shenandoah Telecommunications by 10,890.9% in the fourth quarter. Versant Capital Management Inc now owns 2,418 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 2,396 shares during the period. Smartleaf Asset Management LLC raised its position in shares of Shenandoah Telecommunications by 456.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,304 shares of the utilities provider’s stock worth $53,000 after acquiring an additional 3,531 shares during the period. Quantbot Technologies LP raised its position in shares of Shenandoah Telecommunications by 570.2% in the third quarter. Quantbot Technologies LP now owns 7,339 shares of the utilities provider’s stock worth $104,000 after acquiring an additional 6,244 shares during the period. Quest Partners LLC raised its position in shares of Shenandoah Telecommunications by 741.0% in the third quarter. Quest Partners LLC now owns 7,636 shares of the utilities provider’s stock worth $108,000 after acquiring an additional 6,728 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Shenandoah Telecommunications in the fourth quarter worth about $101,000. Institutional investors and hedge funds 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.