Shenandoah Telecommunications (NASDAQ:SHEN) Earns Buy Rating from BWS Financial

Shenandoah Telecommunications (NASDAQ:SHEN)‘s stock had its “buy” rating reissued by research analysts at BWS Financial in a report released on Wednesday,Benzinga reports. They currently have a $26.00 price objective on the utilities provider’s stock. BWS Financial’s price target indicates a potential upside of 98.47% from the stock’s current price.

Separately, StockNews.com upgraded Shenandoah Telecommunications to a “sell” rating in a report on Tuesday, July 30th.

Shenandoah Telecommunications Stock Performance

Shares of SHEN opened at $13.10 on Wednesday. The stock has a market capitalization of $715.26 million, a price-to-earnings ratio of 3.36 and a beta of 0.67. Shenandoah Telecommunications has a 12 month low of $11.87 and a 12 month high of $24.32. The firm has a fifty day simple moving average of $14.25 and a 200 day simple moving average of $15.92. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.36.

Institutional Investors Weigh In On Shenandoah Telecommunications

A number of institutional investors and hedge funds have recently modified their holdings of SHEN. nVerses Capital LLC bought a new position in Shenandoah Telecommunications during the third quarter worth about $37,000. GAMMA Investing LLC lifted its position in shares of Shenandoah Telecommunications by 85.1% in the second quarter. GAMMA Investing LLC now owns 4,599 shares of the utilities provider’s stock valued at $75,000 after buying an additional 2,115 shares during the last quarter. Quantbot Technologies LP boosted its stake in shares of Shenandoah Telecommunications by 570.2% during the 3rd quarter. Quantbot Technologies LP now owns 7,339 shares of the utilities provider’s stock worth $104,000 after acquiring an additional 6,244 shares during the period. Quest Partners LLC increased its holdings in shares of Shenandoah Telecommunications by 741.0% during the 3rd quarter. Quest Partners LLC now owns 7,636 shares of the utilities provider’s stock worth $108,000 after acquiring an additional 6,728 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in Shenandoah Telecommunications in the 1st quarter valued at $109,000. 61.96% of the stock is owned by institutional investors.

Shenandoah Telecommunications Company Profile

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.