A number of other equities analysts have also weighed in on the stock. Raymond James restated a “hold” rating on shares of Shenandoah Telecommunications in a research report on Friday, August 28th. Zacks Investment Research upgraded Shenandoah Telecommunications from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a report on Saturday, August 8th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $50.00.
Shares of SHEN opened at $48.00 on Thursday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 2.04 and a current ratio of 2.06. Shenandoah Telecommunications has a one year low of $29.61 and a one year high of $59.93. The stock has a market capitalization of $2.39 billion, a price-to-earnings ratio of 34.04 and a beta of 0.30. The stock has a 50 day moving average price of $53.52 and a 200 day moving average price of $50.28.
Shenandoah Telecommunications (NASDAQ:SHEN) last announced its earnings results on Thursday, July 30th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.23. Shenandoah Telecommunications had a net margin of 11.02% and a return on equity of 14.53%. The company had revenue of $169.53 million for the quarter, compared to analysts’ expectations of $156.78 million. On average, analysts predict that Shenandoah Telecommunications will post 1.58 earnings per share for the current year.
A number of institutional investors have recently added to or reduced their stakes in SHEN. State Street Corp raised its stake in Shenandoah Telecommunications by 6.7% during the first quarter. State Street Corp now owns 1,511,850 shares of the utilities provider’s stock worth $74,459,000 after purchasing an additional 94,321 shares during the period. FMR LLC increased its stake in Shenandoah Telecommunications by 13.5% during the first quarter. FMR LLC now owns 954,614 shares of the utilities provider’s stock worth $42,346,000 after acquiring an additional 113,516 shares during the last quarter. Geode Capital Management LLC raised its position in Shenandoah Telecommunications by 3.9% in the first quarter. Geode Capital Management LLC now owns 727,645 shares of the utilities provider’s stock valued at $35,836,000 after purchasing an additional 27,232 shares during the period. First Trust Advisors LP raised its position in Shenandoah Telecommunications by 424.9% in the second quarter. First Trust Advisors LP now owns 434,113 shares of the utilities provider’s stock valued at $21,397,000 after purchasing an additional 351,403 shares during the period. Finally, Bessemer Group Inc. lifted its stake in shares of Shenandoah Telecommunications by 318.1% in the 2nd quarter. Bessemer Group Inc. now owns 232,901 shares of the utilities provider’s stock valued at $11,480,000 after purchasing an additional 177,198 shares during the last quarter. Hedge funds and other institutional investors own 54.63% of the company’s stock.
Shenandoah Telecommunications Company Profile
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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