Shenandoah Telecommunications (NASDAQ:SHEN) Stock Rating Upgraded by Wall Street Zen

Shenandoah Telecommunications (NASDAQ:SHEN) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

Other equities analysts also recently issued reports about the company. Weiss Ratings restated a “sell (d)” rating on shares of Shenandoah Telecommunications in a research note on Thursday, January 22nd. BWS Financial reissued a “buy” rating and issued a $26.00 target price on shares of Shenandoah Telecommunications in a report on Monday, March 2nd. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $26.00.

Shenandoah Telecommunications Stock Down 0.7%

Shares of Shenandoah Telecommunications stock opened at $15.28 on Friday. The company has a market cap of $844.98 million, a price-to-earnings ratio of -22.47 and a beta of 0.79. The company’s 50 day moving average is $12.38 and its 200 day moving average is $12.35. Shenandoah Telecommunications has a twelve month low of $9.66 and a twelve month high of $15.92. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.71.

Shenandoah Telecommunications (NASDAQ:SHEN) last posted its earnings results on Thursday, February 26th. The utilities provider reported ($0.10) EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.10. The business had revenue of $91.59 million during the quarter, compared to the consensus estimate of $90.03 million. Shenandoah Telecommunications had a negative net margin of 10.04% and a negative return on equity of 4.01%. Research analysts anticipate that Shenandoah Telecommunications will post -0.49 EPS for the current year.

Institutional Investors Weigh In On Shenandoah Telecommunications

Large investors have recently bought and sold shares of the business. Invesco Ltd. increased its holdings in shares of Shenandoah Telecommunications by 34.0% in the 4th quarter. Invesco Ltd. now owns 607,617 shares of the utilities provider’s stock worth $7,024,000 after buying an additional 154,115 shares during the last quarter. Caitlin John LLC boosted its position in shares of Shenandoah Telecommunications by 324.0% during the fourth quarter. Caitlin John LLC now owns 4,550 shares of the utilities provider’s stock valued at $53,000 after buying an additional 3,477 shares during the period. Empowered Funds LLC grew its stake in shares of Shenandoah Telecommunications by 10.8% during the fourth quarter. Empowered Funds LLC now owns 228,132 shares of the utilities provider’s stock valued at $2,637,000 after buying an additional 22,242 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Shenandoah Telecommunications by 1,116.6% during the 4th quarter. Millennium Management LLC now owns 1,087,246 shares of the utilities provider’s stock worth $12,569,000 after acquiring an additional 997,882 shares during the last quarter. Finally, Bridgeway Capital Management LLC grew its position in Shenandoah Telecommunications by 6.7% in the 4th quarter. Bridgeway Capital Management LLC now owns 353,132 shares of the utilities provider’s stock valued at $4,082,000 after acquiring an additional 22,242 shares during the last quarter. Institutional investors own 61.96% of the company’s stock.

Shenandoah Telecommunications Company Profile

Shenandoah Telecommunications Company operates as a diversified communications provider offering both wireless and wireline services across rural markets in the Mid-Atlantic region. Headquartered in Edinburg, Virginia, the company designs, builds and maintains network infrastructure to deliver mobile connectivity, high-speed broadband access and related telecommunications solutions to residential, business and wholesale customers.

In its wireless segment, the company owns and operates a portfolio of cellular towers and associated spectrum under a long-term partnership with a national carrier.