Shenandoah Telecommunications (NASDAQ:SHEN) Sets New 12-Month Low at $12.94

Shenandoah Telecommunications (NASDAQ:SHEN) shares hit a new 52-week low during trading on Tuesday . The company traded as low as $12.94 and last traded at $13.11, with a volume of 19656 shares trading hands. The stock had previously closed at $13.40.

Analyst Upgrades and Downgrades

Separately, BWS Financial upgraded shares of Shenandoah Telecommunications from a “neutral” rating to a “buy” rating and set a $26.00 target price for the company in a research report on Monday, March 4th.

Shenandoah Telecommunications Stock Performance

The firm has a 50-day simple moving average of $16.84 and a two-hundred day simple moving average of $19.97. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $660.90 million, a price-to-earnings ratio of 81.94 and a beta of 0.52.

Shenandoah Telecommunications (NASDAQ:SHEN) last released its quarterly earnings data on Wednesday, February 21st. The utilities provider reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.06. The firm had revenue of $72.51 million for the quarter, compared to the consensus estimate of $71.85 million. Shenandoah Telecommunications had a return on equity of 1.24% and a net margin of 2.80%. During the same quarter in the prior year, the company posted ($0.04) earnings per share. As a group, sell-side analysts forecast that Shenandoah Telecommunications will post -0.05 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Shenandoah Telecommunications

A number of large investors have recently bought and sold shares of the business. RWA Wealth Partners LLC acquired a new position in Shenandoah Telecommunications during the fourth quarter valued at approximately $2,583,000. Illinois Municipal Retirement Fund bought a new position in Shenandoah Telecommunications in the 3rd quarter worth $650,000. American Century Companies Inc. lifted its position in Shenandoah Telecommunications by 25.6% during the 3rd quarter. American Century Companies Inc. now owns 445,005 shares of the utilities provider’s stock worth $9,172,000 after acquiring an additional 90,695 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Shenandoah Telecommunications by 7.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 709,168 shares of the utilities provider’s stock valued at $14,616,000 after acquiring an additional 51,827 shares during the period. Finally, Handelsbanken Fonder AB acquired a new stake in shares of Shenandoah Telecommunications in the third quarter valued at about $205,000. 61.96% of the stock is currently 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.