Shenandoah Telecommunications (NASDAQ:SHEN) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of Shenandoah Telecommunications Co (NASDAQ:SHEN) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $13.95 and traded as high as $14.68. Shenandoah Telecommunications shares last traded at $14.62, with a volume of 429,719 shares trading hands.

Analyst Upgrades and Downgrades

SHEN has been the topic of several recent research reports. Craig Hallum initiated coverage on Shenandoah Telecommunications in a research report on Thursday, April 9th. They issued a “buy” rating and a $29.00 price target on the stock. BWS Financial reissued a “buy” rating and issued a $26.00 target price on shares of Shenandoah Telecommunications in a research note on Monday, May 4th. Weiss Ratings cut Shenandoah Telecommunications from a “sell (d+)” rating to a “sell (d-)” rating in a report on Monday, May 4th. Finally, Wall Street Zen lowered Shenandoah Telecommunications from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $27.50.

Shenandoah Telecommunications Trading Up 3.4%

The company’s fifty day simple moving average is $15.87 and its two-hundred day simple moving average is $13.95. The company has a market capitalization of $808.78 million, a price-to-earnings ratio of -18.27 and a beta of 0.66. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.80.

Shenandoah Telecommunications (NASDAQ:SHEN) last announced its quarterly earnings results on Friday, May 1st. The utilities provider reported ($0.31) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.07). Shenandoah Telecommunications had a negative net margin of 11.35% and a negative return on equity of 4.64%. The firm had revenue of $92.15 million during the quarter, compared to analyst estimates of $91.34 million. Research analysts forecast that Shenandoah Telecommunications Co will post -1.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SHEN. Jane Street Group LLC increased its holdings in shares of Shenandoah Telecommunications by 1.4% in the fourth quarter. Jane Street Group LLC now owns 70,738 shares of the utilities provider’s stock worth $818,000 after acquiring an additional 948 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Shenandoah Telecommunications by 5.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,768 shares of the utilities provider’s stock valued at $256,000 after purchasing an additional 986 shares in the last quarter. Gabelli Funds LLC grew its position in shares of Shenandoah Telecommunications by 0.5% in the 1st quarter. Gabelli Funds LLC now owns 199,530 shares of the utilities provider’s stock valued at $3,077,000 after purchasing an additional 1,000 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Shenandoah Telecommunications by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,964 shares of the utilities provider’s stock valued at $364,000 after purchasing an additional 1,248 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Shenandoah Telecommunications by 13.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,688 shares of the utilities provider’s stock worth $147,000 after purchasing an additional 1,511 shares in the last quarter. 61.96% of the stock is owned by institutional investors and hedge funds.

Shenandoah Telecommunications Company Profile

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.