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NASDAQ:SHEN

Shenandoah Telecommunications - SHEN Stock Forecast, Price & News

$23.69
-0.43 (-1.78%)
(As of 08/17/2022 05:18 PM ET)
Add
Compare
Today's Range
$23.45
$23.88
50-Day Range
$20.28
$25.76
52-Week Range
$17.06
$32.71
Volume
72,391 shs
Average Volume
224,646 shs
Market Capitalization
$1.19 billion
P/E Ratio
1.33
Dividend Yield
0.29%
Price Target
$20.67

Shenandoah Telecommunications MarketRank™ Forecast

Analyst Rating
Hold
1.67 Rating Score
Upside/​Downside
12.8% Downside
$20.67 Price Target
Short Interest
Healthy
2.34% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.02mentions of Shenandoah Telecommunications in the last 14 days
Based on 3 Articles This Week
Insider Trading
Acquiring Shares
$250,088 Bought Last Quarter
Proj. Earnings Growth
233.33%
From $0.03 to $0.10 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.08 out of 5 stars

Utilities Sector

61st out of 93 stocks

Telephone Communication, Except Radio Industry

18th out of 28 stocks

SHEN stock logo

About Shenandoah Telecommunications (NASDAQ:SHEN) Stock

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. Its Broadband segment offers broadband, video, and voice services to residential and commercial customers in Virginia, West Virginia, Maryland, Pennsylvania, and Kentucky, via hybrid fiber coaxial cable under the Shentel brand, fiber optic services under the Glo Fiber brand, and fixed wireless network services under the Beam brand name. This segment leases fiber and provides Ethernet and wavelength fiber optic services. In addition, the company offers voice and digital subscriber line telephone services. The company's Tower segment owns 220 cell towers and leases colocation space on the towers. Shenandoah Telecommunications Company was founded in 1902 and is based in Edinburg, Virginia.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on SHEN shares. B. Riley downgraded Shenandoah Telecommunications from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $29.00 to $21.00 in a research report on Monday, May 2nd. They noted that the move was a valuation call. Raymond James cut Shenandoah Telecommunications from a "strong-buy" rating to a "market perform" rating in a report on Tuesday, June 28th.

Shenandoah Telecommunications Stock Down 2.0 %

Shares of SHEN traded down $0.48 during trading hours on Wednesday, reaching $23.64. The stock had a trading volume of 1,416 shares, compared to its average volume of 139,901. The firm has a 50-day moving average of $22.46 and a 200 day moving average of $22.28. The company has a market cap of $1.18 billion, a P/E ratio of 1.36 and a beta of 0.37. Shenandoah Telecommunications has a 52 week low of $17.06 and a 52 week high of $32.71.

Insiders Place Their Bets

In related news, President Christopher E. French acquired 11,670 shares of the business's stock in a transaction that occurred on Monday, June 13th. The shares were acquired at an average cost of $21.43 per share, with a total value of $250,088.10. Following the transaction, the president now owns 212,096 shares of the company's stock, valued at approximately $4,545,217.28. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 4.04% of the company's stock.

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SHEN Stock News Headlines

What 4 Analyst Ratings Have To Say About Shenandoah
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SHEN Company Calendar

Last Earnings
10/28/2021
Today
8/17/2022
Next Earnings (Estimated)
10/27/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Telephone communication, except radio
Sub-Industry
Wireless Telecommunication Services
Sector
Utilities
Current Symbol
NASDAQ:SHEN
CUSIP
82312B10
Employees
860
Year Founded
1902

Price Target and Rating

Average Stock Price Forecast
$20.67
High Stock Price Forecast
$25.00
Low Stock Price Forecast
$16.00
Forecasted Upside/Downside
-12.8%
Consensus Rating
Hold
Rating Score (0-4)
1.67
Research Coverage
3 Analysts

Profitability

Net Income
$998.83 million
Pretax Margin
-2.19%

Debt

Sales & Book Value

Annual Sales
$245.24 million
Cash Flow
$1.36 per share
Book Value
$12.85 per share

Miscellaneous

Free Float
48,054,000
Market Cap
$1.19 billion
Optionable
Optionable
Beta
0.37

Social Links


Key Executives

  • Mr. Christopher E. French (Age 64)
    Chairman, Pres & CEO
    Comp: $1.03M
  • Mr. James J. Volk CPA (Age 58)
    Sr. VP of Fin. & CFO
    Comp: $670.15k
  • Mr. Edward H. McKay (Age 49)
    Exec. VP & COO
    Comp: $640.46k
  • Ms. Elaine M. Cheng (Age 49)
    Sr. VP & Chief Information Officer
    Comp: $449.42k
  • Ms. Heather K. Banks (Age 48)
    VP & Chief HR Officer
    Comp: $487.65k
  • Mr. Dennis A. Romps (Age 54)
    VP & Chief Accounting Officer
  • Mr. Derek C. Rieger (Age 41)
    Gen. Counsel, VP of Legal & Corp. Sec.
  • Ms. Dara Leslie
    Sr. VP of Sales & Marketing
  • Mr. Richard W. Mason Jr.
    Sr. VP of Engineering & Operations
  • Ms. Ann E. Flowers (Age 65)
    Associate Gen. Counsel













SHEN Stock - Frequently Asked Questions

Should I buy or sell Shenandoah Telecommunications stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Shenandoah Telecommunications in the last twelve months. There are currently 1 sell rating and 2 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" SHEN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SHEN, but not buy additional shares or sell existing shares.
View SHEN analyst ratings
or view top-rated stocks.

What is Shenandoah Telecommunications' stock price forecast for 2022?

3 Wall Street analysts have issued twelve-month price objectives for Shenandoah Telecommunications' stock. Their SHEN share price forecasts range from $16.00 to $25.00. On average, they expect the company's stock price to reach $20.67 in the next year. This suggests that the stock has a possible downside of 14.3%.
View analysts price targets for SHEN
or view top-rated stocks among Wall Street analysts.

How have SHEN shares performed in 2022?

Shenandoah Telecommunications' stock was trading at $25.50 on January 1st, 2022. Since then, SHEN shares have decreased by 5.4% and is now trading at $24.12.
View the best growth stocks for 2022 here
.

When is Shenandoah Telecommunications' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our SHEN earnings forecast
.

How were Shenandoah Telecommunications' earnings last quarter?

Shenandoah Telecommunications (NASDAQ:SHEN) issued its quarterly earnings results on Thursday, October, 28th. The utilities provider reported $0.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.11) by $0.24. The utilities provider had revenue of $62.24 million for the quarter, compared to analysts' expectations of $61.91 million. Shenandoah Telecommunications had a net margin of 348.88% and a trailing twelve-month return on equity of 1.38%. During the same period in the previous year, the company earned $0.03 EPS.

How often does Shenandoah Telecommunications pay dividends? What is the dividend yield for Shenandoah Telecommunications?

Shenandoah Telecommunications declared an annual dividend on Wednesday, October 27th. Investors of record on Monday, November 8th will be paid a dividend of $0.07 per share on Wednesday, December 1st. This represents a dividend yield of 0.26%. The ex-dividend date is Friday, November 5th.
Read our dividend analysis for SHEN
.

Is Shenandoah Telecommunications a good dividend stock?

Shenandoah Telecommunications (NASDAQ:SHEN) pays an annual dividend of $0.07 per share and currently has a dividend yield of 0.29%. The dividend payout ratio is 0.39%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SHEN will have a dividend payout ratio of 70.00% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SHEN.

What is Chris French's approval rating as Shenandoah Telecommunications' CEO?

58 employees have rated Shenandoah Telecommunications Chief Executive Officer Chris French on Glassdoor.com. Chris French has an approval rating of 82% among the company's employees.

What other stocks do shareholders of Shenandoah Telecommunications own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Shenandoah Telecommunications investors own include Verizon Communications (VZ), AbbVie (ABBV), American International Group (AIG), Cisco Systems (CSCO), AT&T (T), Bristol-Myers Squibb (BMY), Dollar General (DG), Merck & Co., Inc. (MRK), Pfizer (PFE) and Target (TGT).

What is Shenandoah Telecommunications' stock symbol?

Shenandoah Telecommunications trades on the NASDAQ under the ticker symbol "SHEN."

Who are Shenandoah Telecommunications' major shareholders?

Shenandoah Telecommunications' stock is owned by a number of institutional and retail investors. Top institutional shareholders include State Street Corp (3.71%), Renaissance Technologies LLC (1.38%), Northern Trust Corp (1.03%), JPMorgan Chase & Co. (1.00%), Principal Financial Group Inc. (0.62%) and Rhumbline Advisers (0.40%). Insiders that own company stock include Christopher E French, David L Heimbach, Derek Rieger, Thomas A Whitaker and William L Pirtle.
View institutional ownership trends
.

How do I buy shares of Shenandoah Telecommunications?

Shares of SHEN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Shenandoah Telecommunications' stock price today?

One share of SHEN stock can currently be purchased for approximately $24.12.

How much money does Shenandoah Telecommunications make?

Shenandoah Telecommunications (NASDAQ:SHEN) has a market capitalization of $1.21 billion and generates $245.24 million in revenue each year. The utilities provider earns $998.83 million in net income (profit) each year or $17.77 on an earnings per share basis.

How many employees does Shenandoah Telecommunications have?

The company employs 860 workers across the globe.

When was Shenandoah Telecommunications founded?

Shenandoah Telecommunications was founded in 1902.

How can I contact Shenandoah Telecommunications?

Shenandoah Telecommunications' mailing address is 500 SHENTEL WAY, EDINBURG VA, 22824. The official website for the company is www.shentel.com. The utilities provider can be reached via phone at (540) 984-4141, via email at jnesbett@institutionalms.com, or via fax at 540-984-8192.

This page (NASDAQ:SHEN) was last updated on 8/17/2022 by MarketBeat.com Staff

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