Shenandoah Telecommunications (NASDAQ:SHEN) Raised to Sell at StockNews.com

StockNews.com upgraded shares of Shenandoah Telecommunications (NASDAQ:SHEN) to a sell rating in a report released on Friday morning.

Separately, BWS Financial reissued a “buy” rating and set a $26.00 price objective on shares of Shenandoah Telecommunications in a research report on Tuesday, February 25th.

Shenandoah Telecommunications Price Performance

Shenandoah Telecommunications stock opened at $12.66 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.82 and a debt-to-equity ratio of 0.44. Shenandoah Telecommunications has a 52-week low of $9.77 and a 52-week high of $21.89. The firm has a market cap of $694.48 million, a PE ratio of 3.34 and a beta of 0.81. The company’s 50 day moving average is $12.01 and its two-hundred day moving average is $12.65.

Shenandoah Telecommunications (NASDAQ:SHEN) last announced its quarterly earnings data on Thursday, February 20th. The utilities provider reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.07). Shenandoah Telecommunications had a net margin of 58.03% and a negative return on equity of 2.50%. The company had revenue of $85.41 million during the quarter, compared to analyst estimates of $89.65 million. On average, research analysts expect that Shenandoah Telecommunications will post -0.49 EPS for the current fiscal year.

Institutional Investors Weigh In On Shenandoah Telecommunications

Institutional investors have recently modified their holdings of the company. Versant Capital Management Inc raised its stake in Shenandoah Telecommunications by 10,890.9% in the fourth quarter. Versant Capital Management Inc now owns 2,418 shares of the utilities provider’s stock valued at $30,000 after buying an additional 2,396 shares in the last quarter. Smartleaf Asset Management LLC raised its position in shares of Shenandoah Telecommunications by 456.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,304 shares of the utilities provider’s stock worth $53,000 after acquiring an additional 3,531 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Shenandoah Telecommunications during the fourth quarter worth approximately $101,000. GAMMA Investing LLC boosted its holdings in Shenandoah Telecommunications by 135.2% in the fourth quarter. GAMMA Investing LLC now owns 8,722 shares of the utilities provider’s stock valued at $110,000 after purchasing an additional 5,013 shares in the last quarter. Finally, Two Sigma Investments LP acquired a new position in Shenandoah Telecommunications in the fourth quarter valued at approximately $126,000. 61.96% of the stock is owned by hedge funds and other institutional investors.

About Shenandoah Telecommunications

Shenandoah Telecommunications Company, together with its subsidiaries, provides a range of broadband communication services and cell tower colocation space in the Mid-Atlantic portion of the United States. It operates in two segments, Broadband and Tower. The company Broadband segment offers broadband, video, and voice services to residential and commercial customers in Virginia, West Virginia, Maryland, Pennsylvania, and Kentucky through hybrid fiber coaxial cable under the Shentel brand; and fiber optic services under the Glo Fiber brand name.