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

Shenandoah Telecommunications (NASDAQ:SHEN - Get Free Report) was upgraded by research analysts at StockNews.com to a "sell" rating in a research report issued on Wednesday.

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

Shenandoah Telecommunications Price Performance

Shenandoah Telecommunications stock traded up $0.33 during mid-day trading on Wednesday, reaching $12.78. 1,066,955 shares of the company were exchanged, compared to its average volume of 219,890. The company has a fifty day simple moving average of $11.54 and a 200-day simple moving average of $12.92. The firm has a market cap of $701.06 million, a PE ratio of 3.37 and a beta of 0.71. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.82 and a quick ratio of 0.79. Shenandoah Telecommunications has a 12 month low of $9.77 and a 12 month high of $21.89.

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

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Hedge Funds Weigh In On Shenandoah Telecommunications

A number of institutional investors have recently modified their holdings of the business. Quest Partners LLC grew its position in Shenandoah Telecommunications by 741.0% in the third quarter. Quest Partners LLC now owns 7,636 shares of the utilities provider's stock valued at $108,000 after acquiring an additional 6,728 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Shenandoah Telecommunications in the 3rd quarter valued at approximately $678,000. Intech Investment Management LLC bought a new stake in shares of Shenandoah Telecommunications during the 3rd quarter valued at approximately $1,113,000. FMR LLC increased its position in Shenandoah Telecommunications by 211.9% during the 3rd quarter. FMR LLC now owns 105,789 shares of the utilities provider's stock worth $1,493,000 after purchasing an additional 71,868 shares in the last quarter. Finally, Quantbot Technologies LP lifted its stake in Shenandoah Telecommunications by 570.2% in the 3rd quarter. Quantbot Technologies LP now owns 7,339 shares of the utilities provider's stock valued at $104,000 after purchasing an additional 6,244 shares during the last quarter. Institutional investors and hedge funds own 61.96% of the company's stock.

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.