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

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

Separately, BWS Financial reiterated a "buy" rating and issued a $26.00 price objective on shares of Shenandoah Telecommunications in a research report on Tuesday, February 25th.

Shenandoah Telecommunications Stock Performance

Shares of SHEN stock traded up $0.15 during trading hours on Friday, reaching $13.16. 10,908 shares of the company's stock were exchanged, compared to its average volume of 261,261. Shenandoah Telecommunications has a fifty-two week low of $9.77 and a fifty-two week 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 stock has a market capitalization of $721.74 million, a P/E ratio of 3.48 and a beta of 0.81. The business has a fifty day moving average price of $12.07 and a 200-day moving average price of $12.63.

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

Hedge Funds Weigh In On Shenandoah Telecommunications

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in Shenandoah Telecommunications by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 5,529,847 shares of the utilities provider's stock valued at $69,731,000 after acquiring an additional 68,133 shares during the period. DAVENPORT & Co LLC grew its stake in shares of Shenandoah Telecommunications by 16.1% in the 4th quarter. DAVENPORT & Co LLC now owns 1,012,685 shares of the utilities provider's stock valued at $12,770,000 after purchasing an additional 140,314 shares during the period. Northern Trust Corp raised its holdings in shares of Shenandoah Telecommunications by 1.3% in the 4th quarter. Northern Trust Corp now owns 523,981 shares of the utilities provider's stock worth $6,607,000 after buying an additional 6,904 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Shenandoah Telecommunications by 8.3% in the 4th quarter. Bank of New York Mellon Corp now owns 454,540 shares of the utilities provider's stock valued at $5,732,000 after buying an additional 34,740 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Shenandoah Telecommunications by 12.5% during the fourth quarter. American Century Companies Inc. now owns 433,218 shares of the utilities provider's stock valued at $5,463,000 after acquiring an additional 48,233 shares during the period. 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.