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

Shenandoah Telecommunications (NASDAQ:SHEN) was upgraded by equities research analysts at StockNews.com to a “sell” rating in a research report issued to clients and investors on Wednesday.

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

Shenandoah Telecommunications Trading Down 1.2 %

Shares of Shenandoah Telecommunications stock traded down $0.15 during mid-day trading on Wednesday, hitting $12.55. The stock had a trading volume of 565,544 shares, compared to its average volume of 214,500. The firm has a 50-day moving average of $11.53 and a two-hundred day moving average of $12.97. Shenandoah Telecommunications has a 12-month low of $9.77 and a 12-month high of $21.89. The company has a quick ratio of 0.79, a current ratio of 0.82 and a debt-to-equity ratio of 0.44. The firm has a market cap of $688.44 million, a P/E ratio of 3.31 and a beta of 0.71.

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

Hedge Funds Weigh In On Shenandoah Telecommunications

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SHEN. Versant Capital Management Inc grew its holdings in shares of Shenandoah Telecommunications by 10,890.9% during the fourth quarter. Versant Capital Management Inc now owns 2,418 shares of the utilities provider’s stock worth $30,000 after buying an additional 2,396 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Shenandoah Telecommunications by 456.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,304 shares of the utilities provider’s stock worth $53,000 after buying an additional 3,531 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Shenandoah Telecommunications during the fourth quarter worth about $101,000. Quantbot Technologies LP grew its holdings in shares of Shenandoah Telecommunications by 570.2% during the third quarter. Quantbot Technologies LP now owns 7,339 shares of the utilities provider’s stock worth $104,000 after buying an additional 6,244 shares in the last quarter. Finally, Quest Partners LLC grew its holdings in shares of Shenandoah Telecommunications by 741.0% during the third quarter. Quest Partners LLC now owns 7,636 shares of the utilities provider’s stock worth $108,000 after buying an additional 6,728 shares in the last quarter. Institutional investors and hedge funds own 61.96% of the company’s stock.

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.