Shenandoah Telecommunications (NASDAQ:SHEN) Earns “Buy” Rating from BWS Financial

Shenandoah Telecommunications (NASDAQ:SHEN)‘s stock had its “buy” rating restated by stock analysts at BWS Financial in a research report issued on Thursday,Benzinga reports. They presently have a $26.00 price target on the utilities provider’s stock. BWS Financial’s price objective would suggest a potential upside of 117.03% from the stock’s previous close.

Separately, StockNews.com upgraded shares of Shenandoah Telecommunications to a “sell” rating in a research note on Friday, April 11th.

Shenandoah Telecommunications Trading Up 4.3 %

NASDAQ:SHEN opened at $11.98 on Thursday. The company has a market cap of $657.17 million, a PE ratio of 3.16 and a beta of 0.81. The company has a current ratio of 0.82, a quick ratio of 0.79 and a debt-to-equity ratio of 0.44. The company has a 50 day simple moving average of $12.35 and a two-hundred day simple moving average of $12.58. Shenandoah Telecommunications has a 12 month low of $9.77 and a 12 month high of $21.89.

Shenandoah Telecommunications (NASDAQ:SHEN) last posted its quarterly earnings data on Wednesday, April 30th. The utilities provider reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.05). Shenandoah Telecommunications had a net margin of 58.03% and a negative return on equity of 2.50%. The firm had revenue of $87.90 million for the quarter, compared to analysts’ expectations of $89.31 million. During the same quarter last year, the company posted ($0.07) EPS. Research analysts forecast that Shenandoah Telecommunications will post -0.49 earnings per share for the current year.

Institutional Trading of Shenandoah Telecommunications

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of Shenandoah Telecommunications by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 5,529,847 shares of the utilities provider’s stock valued at $69,731,000 after buying an additional 68,133 shares in the last quarter. DAVENPORT & Co LLC lifted its holdings in Shenandoah Telecommunications by 16.1% during the fourth 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 in the last quarter. Northern Trust Corp boosted its position in shares of Shenandoah Telecommunications by 1.3% in the fourth quarter. Northern Trust Corp now owns 523,981 shares of the utilities provider’s stock worth $6,607,000 after purchasing an additional 6,904 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Shenandoah Telecommunications by 8.3% in the fourth quarter. Bank of New York Mellon Corp now owns 454,540 shares of the utilities provider’s stock worth $5,732,000 after purchasing an additional 34,740 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in shares of Shenandoah Telecommunications by 12.5% in the fourth quarter. American Century Companies Inc. now owns 433,218 shares of the utilities provider’s stock worth $5,463,000 after purchasing an additional 48,233 shares in the last quarter. Institutional investors 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.