Shenandoah Telecommunications (NASDAQ:SHEN) Upgraded to Buy by BWS Financial

BWS Financial upgraded shares of Shenandoah Telecommunications (NASDAQ:SHENFree Report) from a neutral rating to a buy rating in a report issued on Monday, Marketbeat.com reports. The firm currently has $26.00 price target on the utilities provider’s stock.

Separately, StockNews.com downgraded shares of Shenandoah Telecommunications from a hold rating to a sell rating in a research note on Monday, December 4th.

View Our Latest Stock Analysis on SHEN

Shenandoah Telecommunications Price Performance

Shares of SHEN stock opened at $18.77 on Monday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.79 and a quick ratio of 1.79. The company has a market capitalization of $943.57 million, a P/E ratio of 117.32 and a beta of 0.53. The company’s 50-day simple moving average is $20.19 and its two-hundred day simple moving average is $21.43. Shenandoah Telecommunications has a one year low of $17.01 and a one year high of $25.51.

Shenandoah Telecommunications (NASDAQ:SHENGet Free Report) last issued its 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. The business had revenue of $72.51 million for 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 in the prior year, the firm earned ($0.04) EPS. As a group, equities analysts anticipate that Shenandoah Telecommunications will post -0.24 EPS for the current year.

Institutional Investors Weigh In On Shenandoah Telecommunications

Several hedge funds have recently modified their holdings of SHEN. GAMMA Investing LLC purchased a new stake in shares of Shenandoah Telecommunications in the 4th quarter worth approximately $27,000. Quest Partners LLC purchased a new stake in Shenandoah Telecommunications during the fourth quarter valued at approximately $41,000. Lazard Asset Management LLC lifted its position in Shenandoah Telecommunications by 45.4% during the first quarter. Lazard Asset Management LLC now owns 2,595 shares of the utilities provider’s stock valued at $61,000 after acquiring an additional 810 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in Shenandoah Telecommunications by 193.7% during the third quarter. Tower Research Capital LLC TRC now owns 3,213 shares of the utilities provider’s stock valued at $66,000 after acquiring an additional 2,119 shares during the last quarter. Finally, UBS Group AG lifted its position in Shenandoah Telecommunications by 2,432.8% during the third quarter. UBS Group AG now owns 4,787 shares of the utilities provider’s stock valued at $81,000 after acquiring an additional 4,598 shares during the last quarter. Hedge funds and other institutional investors own 62.61% of the company’s stock.

About Shenandoah Telecommunications

(Get Free Report)

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. Its 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.

Further Reading

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