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Shenandoah Telecommunications (NASDAQ:SHEN) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued to investors on Tuesday. The firm currently has a $33.70 price objective on the stock. Zacks‘s target price indicates a potential upside of 9.84% from the stock’s previous close.

Shares of Shenandoah Telecommunications (NASDAQ:SHEN) traded down 3.55% on Tuesday, hitting $29.59. 36,853 shares of the company’s stock traded hands. Shenandoah Telecommunications has a one year low of $17.00 and a one year high of $33.99. The stock’s 50-day moving average is $28. and its 200-day moving average is $27.64. The company has a market cap of $713.0 million and a price-to-earnings ratio of 24.74.

Shenandoah Telecommunications (NASDAQ:SHEN) last posted its quarterly earnings results on Friday, May 2nd. The company reported $0.36 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.33 by $0.03. During the same quarter in the prior year, the company posted $0.35 earnings per share. Analysts expect that Shenandoah Telecommunications will post $1.51 EPS for the current fiscal year.

Shenandoah Telecommunications Company is a diversified telecommunications holding company. The Company through its operating subsidiaries provides both regulated and unregulated telecommunications services to end-user customers and other communications providers Virginia, West Virginia, central Pennsylvania and western Maryland.

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