Shenandoah Telecommunications (NASDAQ:SHEN) Raised to Sell at StockNews.com

StockNews.com upgraded shares of Shenandoah Telecommunications (NASDAQ:SHEN) to a sell rating in a research note released on Friday.

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

Shenandoah Telecommunications Trading Up 1.3 %

Shares of Shenandoah Telecommunications stock opened at $12.66 on Friday. The firm has a 50-day simple moving average of $12.01 and a two-hundred day simple moving average of $12.64. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.79 and a current ratio of 0.82. Shenandoah Telecommunications has a fifty-two week low of $9.77 and a fifty-two week high of $21.89. The company has a market cap of $694.48 million, a P/E ratio of 3.34 and a beta of 0.81.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SHEN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Shenandoah Telecommunications by 4.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,716 shares of the utilities provider’s stock valued at $349,000 after acquiring an additional 1,061 shares during the last quarter. Nebula Research & Development LLC increased its position in shares of Shenandoah Telecommunications by 5.5% during the fourth quarter. Nebula Research & Development LLC now owns 22,076 shares of the utilities provider’s stock worth $278,000 after purchasing an additional 1,147 shares in the last quarter. PAX Financial Group LLC increased its position in shares of Shenandoah Telecommunications by 3.8% during the fourth quarter. PAX Financial Group LLC now owns 37,118 shares of the utilities provider’s stock worth $468,000 after purchasing an additional 1,353 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in Shenandoah Telecommunications by 11.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 13,735 shares of the utilities provider’s stock valued at $173,000 after purchasing an additional 1,380 shares during the last quarter. Finally, LPL Financial LLC lifted its holdings in Shenandoah Telecommunications by 5.9% in the 4th quarter. LPL Financial LLC now owns 38,461 shares of the utilities provider’s stock valued at $485,000 after purchasing an additional 2,143 shares in the last quarter. 61.96% of the stock is owned by hedge funds and other institutional investors.

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.