BWS Financial Reiterates “Buy” Rating for Shenandoah Telecommunications (NASDAQ:SHEN)

Shenandoah Telecommunications (NASDAQ:SHEN)‘s stock had its “buy” rating reissued by equities researchers at BWS Financial in a research report issued to clients and investors on Monday,Benzinga reports. They currently have a $26.00 price target on the utilities provider’s stock. BWS Financial’s price target points to a potential upside of 81.69% from the stock’s previous close.

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Shenandoah Telecommunications in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $26.00.

Shenandoah Telecommunications Price Performance

SHEN stock opened at $14.31 on Monday. Shenandoah Telecommunications has a 12 month low of $9.66 and a 12 month high of $15.84. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $791.34 million, a P/E ratio of -21.04 and a beta of 0.79. The firm has a 50 day moving average of $12.14 and a 200-day moving average of $12.28.

Shenandoah Telecommunications (NASDAQ:SHEN) last released its quarterly earnings results on Thursday, February 26th. The utilities provider reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.10. The firm had revenue of $91.59 million for the quarter, compared to analysts’ expectations of $90.03 million. Shenandoah Telecommunications had a negative net margin of 10.04% and a negative return on equity of 4.01%. As a group, sell-side analysts predict that Shenandoah Telecommunications will post -0.49 earnings per share for the current fiscal year.

Institutional Trading of Shenandoah Telecommunications

Large investors have recently added to or reduced their stakes in the stock. Invesco Ltd. boosted its stake in shares of Shenandoah Telecommunications by 34.0% during the 4th quarter. Invesco Ltd. now owns 607,617 shares of the utilities provider’s stock valued at $7,024,000 after purchasing an additional 154,115 shares in the last quarter. Caitlin John LLC increased its position in Shenandoah Telecommunications by 324.0% during the 4th 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 in the last quarter. Empowered Funds LLC raised its stake in 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 raised its stake in Shenandoah Telecommunications by 1,116.6% during the fourth quarter. Millennium Management LLC now owns 1,087,246 shares of the utilities provider’s stock valued at $12,569,000 after buying an additional 997,882 shares during the last quarter. Finally, Bridgeway Capital Management LLC boosted its holdings in Shenandoah Telecommunications by 6.7% in the fourth quarter. Bridgeway Capital Management LLC now owns 353,132 shares of the utilities provider’s stock worth $4,082,000 after acquiring an additional 22,242 shares in the last quarter. Institutional investors own 61.96% of the company’s stock.

About Shenandoah Telecommunications

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.