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

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

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

Shenandoah Telecommunications Trading Down 1.2 %

SHEN traded down $0.15 during trading on Wednesday, hitting $12.55. 565,544 shares of the company’s stock were exchanged, compared to its average volume of 214,500. The company has a current ratio of 0.82, a quick ratio of 0.79 and a debt-to-equity ratio of 0.44. Shenandoah Telecommunications has a 1 year low of $9.77 and a 1 year high of $21.89. The stock has a 50 day moving average price of $11.53 and a 200 day moving average price of $12.97. The firm has a market cap of $688.44 million, a P/E ratio of 3.31 and a beta of 0.71.

Shenandoah Telecommunications (NASDAQ:SHEN) last posted its earnings results on Thursday, February 20th. The utilities provider reported ($0.11) EPS 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 firm had revenue of $85.41 million for the quarter, compared to analyst estimates of $89.65 million. As a group, analysts expect that Shenandoah Telecommunications will post -0.49 EPS for the current fiscal year.

Hedge Funds Weigh In On Shenandoah Telecommunications

Several institutional investors have recently modified their holdings of SHEN. Versant Capital Management Inc grew its position in Shenandoah Telecommunications by 10,890.9% in the 4th quarter. Versant Capital Management Inc now owns 2,418 shares of the utilities provider’s stock valued at $30,000 after buying an additional 2,396 shares in the last quarter. Smartleaf Asset Management LLC grew its position in Shenandoah Telecommunications by 456.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,304 shares of the utilities provider’s stock valued at $53,000 after buying an additional 3,531 shares in the last quarter. Quantbot Technologies LP grew its position in Shenandoah Telecommunications by 570.2% in the 3rd quarter. Quantbot Technologies LP now owns 7,339 shares of the utilities provider’s stock valued at $104,000 after buying an additional 6,244 shares in the last quarter. Quest Partners LLC grew its position in Shenandoah Telecommunications by 741.0% in the 3rd quarter. Quest Partners LLC now owns 7,636 shares of the utilities provider’s stock valued at $108,000 after buying an additional 6,728 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in Shenandoah Telecommunications in the 4th quarter valued at about $101,000. 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.