Zacks Downgrades Shenandoah Telecommunications to Neutral (SHEN)
Shenandoah Telecommunications (NASDAQ:SHEN) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued to investors on Friday. They currently have a $33.70 target price on the stock. Zacks‘s price target would indicate a potential upside of 21.40% from the company’s current price.
Shenandoah Telecommunications (NASDAQ:SHEN) traded down 0.14% on Friday, hitting $27.76. The stock had a trading volume of 44,350 shares. Shenandoah Telecommunications has a one year low of $17.00 and a one year high of $33.99. The stock has a 50-day moving average of $29.33 and a 200-day moving average of $28.26. The company has a market cap of $669.4 million and a price-to-earnings ratio of 21.87.
Shenandoah Telecommunications (NASDAQ:SHEN) last issued its quarterly earnings data on Friday, August 1st. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by $0.05. The company had revenue of $81.40 million for the quarter, compared to the consensus estimate of $77.50 million. On average, analysts predict that Shenandoah Telecommunications will post $1.51 earnings per share 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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