Shenandoah Telecommunications (SHEN) – Investment Analysts’ Recent Ratings Updates

A number of research firms have changed their ratings and price targets for Shenandoah Telecommunications (NASDAQ: SHEN):

  • 1/10/2020 – Shenandoah Telecommunications was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 1/9/2020 – Shenandoah Telecommunications had its price target raised by analysts at B. Riley from $48.00 to $52.00. They now have a “buy” rating on the stock.
  • 1/3/2020 – Shenandoah Telecommunications was downgraded by analysts at ValuEngine from a “strong-buy” rating to a “buy” rating.
  • 12/27/2019 – Shenandoah Telecommunications was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 12/21/2019 – Shenandoah Telecommunications was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating.
  • 11/27/2019 – Shenandoah Telecommunications was upgraded by analysts at TheStreet from a “c+” rating to a “b-” rating.
  • 11/19/2019 – Shenandoah Telecommunications was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shenandoah Telecommunications Company is a holding company which provides a broad range of telecommunications services through its operating subsidiaries. The Company’s operating subsidiaries provide local telephone, cable, Internet access, interexchange facilities, cellular and PCS services, along with many other associated services. “

Shares of SHEN stock traded up $0.58 on Thursday, reaching $43.91. The company had a trading volume of 8,859 shares, compared to its average volume of 276,783. The stock has a market capitalization of $2.16 billion, a PE ratio of 47.22 and a beta of 0.43. The company has a quick ratio of 1.64, a current ratio of 1.68 and a debt-to-equity ratio of 2.22. Shenandoah Telecommunications has a one year low of $29.61 and a one year high of $51.18. The business’s 50-day moving average is $39.76 and its 200 day moving average is $35.82.

Shenandoah Telecommunications (NASDAQ:SHEN) last posted its earnings results on Thursday, October 31st. The utilities provider reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.03). The company had revenue of $155.15 million during the quarter, compared to the consensus estimate of $163.96 million. Shenandoah Telecommunications had a return on equity of 12.28% and a net margin of 8.87%. On average, sell-side analysts forecast that Shenandoah Telecommunications will post 1.14 earnings per share for the current fiscal year.

Several hedge funds have recently bought and sold shares of the company. State of Alaska Department of Revenue bought a new position in shares of Shenandoah Telecommunications in the fourth quarter worth about $1,472,000. Metropolitan Life Insurance Co NY increased its stake in shares of Shenandoah Telecommunications by 10.6% in the third quarter. Metropolitan Life Insurance Co NY now owns 15,840 shares of the utilities provider’s stock valued at $503,000 after buying an additional 1,519 shares during the period. Millennium Management LLC increased its stake in shares of Shenandoah Telecommunications by 85.1% in the third quarter. Millennium Management LLC now owns 247,672 shares of the utilities provider’s stock valued at $7,868,000 after buying an additional 113,880 shares during the period. Squarepoint Ops LLC increased its stake in shares of Shenandoah Telecommunications by 57.6% in the third quarter. Squarepoint Ops LLC now owns 75,184 shares of the utilities provider’s stock valued at $2,389,000 after buying an additional 27,487 shares during the period. Finally, California State Teachers Retirement System increased its stake in shares of Shenandoah Telecommunications by 1.2% in the third quarter. California State Teachers Retirement System now owns 74,722 shares of the utilities provider’s stock valued at $2,374,000 after buying an additional 892 shares during the period. 48.55% of the stock is owned by hedge funds and other institutional investors.

Shenandoah Telecommunications Company, through its subsidiaries, primarily provides wireless, cable, and wireline telecommunications services to customers and other telecommunications providers. The company operates in three segments: Wireless, Cable, and Wireline. The Wireless segment provides digital wireless mobile services; and wireless mobility communications network products and services.

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