Shenandoah Telecommunications (NASDAQ:SHEN) Earns Buy Rating from BWS Financial

BWS Financial reaffirmed their buy rating on shares of Shenandoah Telecommunications (NASDAQ:SHEN) in a research report sent to investors on Tuesday,Benzinga reports. They currently have a $26.00 target price on the utilities provider’s stock.

Shenandoah Telecommunications Trading Up 1.7 %

Shenandoah Telecommunications stock opened at $10.75 on Tuesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.79 and a current ratio of 0.82. The stock has a market cap of $587.73 million, a PE ratio of 2.84 and a beta of 0.61. The stock has a 50-day moving average of $11.74 and a two-hundred day moving average of $13.25. Shenandoah Telecommunications has a one year low of $9.77 and a one year high of $21.89.

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

Institutional Investors Weigh In On Shenandoah Telecommunications

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

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.