BidaskClub Downgrades Shenandoah Telecommunications (SHEN) to Strong Sell

Shenandoah Telecommunications (NASDAQ:SHEN) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued on Saturday.

SHEN has been the topic of several other research reports. TheStreet downgraded Shenandoah Telecommunications from a “b-” rating to a “c+” rating in a research report on Friday, November 10th. Zacks Investment Research raised Shenandoah Telecommunications from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. Shenandoah Telecommunications has an average rating of “Hold” and a consensus target price of $35.00.

Shares of Shenandoah Telecommunications (NASDAQ:SHEN) traded up $0.25 during trading on Friday, reaching $32.45. The company’s stock had a trading volume of 98,713 shares, compared to its average volume of 140,846. The company has a market cap of $1,600.00, a P/E ratio of 295.00 and a beta of 0.69. The company has a quick ratio of 1.28, a current ratio of 1.34 and a debt-to-equity ratio of 2.60. Shenandoah Telecommunications has a 12 month low of $25.35 and a 12 month high of $41.80.

Shenandoah Telecommunications (NASDAQ:SHEN) last announced its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $0.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.08. The company had revenue of $151.80 million for the quarter, compared to the consensus estimate of $153.64 million. Shenandoah Telecommunications had a return on equity of 4.04% and a net margin of 0.91%. Shenandoah Telecommunications’s quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.16) EPS. equities analysts anticipate that Shenandoah Telecommunications will post 0.16 EPS for the current year.

A number of institutional investors have recently made changes to their positions in SHEN. Ameritas Investment Partners Inc. lifted its holdings in shares of Shenandoah Telecommunications by 9.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,079 shares of the utilities provider’s stock worth $125,000 after buying an additional 347 shares during the period. Pacad Investment Ltd. lifted its holdings in shares of Shenandoah Telecommunications by 5.0% in the 2nd quarter. Pacad Investment Ltd. now owns 4,200 shares of the utilities provider’s stock worth $129,000 after buying an additional 200 shares during the period. Macquarie Group Ltd. purchased a new stake in shares of Shenandoah Telecommunications in the 3rd quarter worth $138,000. BNP Paribas Arbitrage SA lifted its holdings in shares of Shenandoah Telecommunications by 790.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,521 shares of the utilities provider’s stock worth $169,000 after buying an additional 4,901 shares during the period. Finally, Toronto Dominion Bank lifted its holdings in shares of Shenandoah Telecommunications by 13.2% in the 2nd quarter. Toronto Dominion Bank now owns 6,636 shares of the utilities provider’s stock worth $204,000 after buying an additional 776 shares during the period. 48.41% of the stock is currently owned by institutional investors.

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About Shenandoah Telecommunications

Shenandoah Telecommunications Company is a telecommunications holding company. The Company’s segments are Wireless, Cable, Wireline and Other. The Company, through its operating subsidiaries, provides both regulated and unregulated telecommunications services to end user customers and other telecommunications providers in Virginia, West Virginia, central Pennsylvania, western Maryland, and portions of Kentucky and Ohio.

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