Shenandoah Telecommunications (NASDAQ:SHEN) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Shenandoah Telecommunications Co (NASDAQ:SHEN) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $12.46 and traded as high as $15.16. Shenandoah Telecommunications shares last traded at $14.69, with a volume of 256,394 shares traded.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on SHEN shares. Wall Street Zen raised Shenandoah Telecommunications from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. BWS Financial reissued a “buy” rating and issued a $26.00 target price on shares of Shenandoah Telecommunications in a report on Monday, March 2nd. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Shenandoah Telecommunications in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $26.00.

Shenandoah Telecommunications Stock Performance

The business has a fifty day simple moving average of $13.10 and a two-hundred day simple moving average of $12.46. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.71. The company has a market cap of $812.36 million, a P/E ratio of -21.60 and a beta of 0.79.

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

Institutional Trading of Shenandoah Telecommunications

Several large investors have recently added to or reduced their stakes in SHEN. Caitlin John LLC raised its position in Shenandoah Telecommunications by 324.0% in the fourth quarter. Caitlin John LLC now owns 4,550 shares of the utilities provider’s stock worth $53,000 after acquiring an additional 3,477 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Shenandoah Telecommunications by 11,367.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 4,243 shares of the utilities provider’s stock worth $57,000 after acquiring an additional 4,206 shares during the last quarter. State of Wyoming bought a new stake in shares of Shenandoah Telecommunications during the 2nd quarter valued at $65,000. iSAM Funds UK Ltd bought a new stake in shares of Shenandoah Telecommunications during the 3rd quarter valued at $67,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of Shenandoah Telecommunications by 80.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,992 shares of the utilities provider’s stock worth $68,000 after purchasing an additional 2,228 shares in the last quarter. 61.96% of the stock is currently owned by institutional investors.

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.