Shenandoah Telecommunications (NASDAQ:SHEN) Stock Passes Above 200-Day Moving Average – Should You Sell?

Shenandoah Telecommunications Co (NASDAQ:SHEN)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.27 and traded as high as $12.96. Shenandoah Telecommunications shares last traded at $12.94, with a volume of 338,365 shares trading hands.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SHEN. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Shenandoah Telecommunications in a research report on Thursday, January 22nd. BWS Financial restated a “buy” rating and issued a $26.00 target price on shares of Shenandoah Telecommunications in a research note on Friday, October 31st. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $26.00.

Shenandoah Telecommunications Stock Up 1.3%

The stock has a market capitalization of $710.41 million, a P/E ratio of -20.54 and a beta of 0.84. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.59. The stock’s 50 day simple moving average is $11.66 and its 200 day simple moving average is $12.27.

Institutional Investors Weigh In On Shenandoah Telecommunications

A number of institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. lifted its stake in Shenandoah Telecommunications by 11,367.6% during the third quarter. Russell Investments Group Ltd. now owns 4,243 shares of the utilities provider’s stock worth $57,000 after purchasing an additional 4,206 shares during the last quarter. State of Wyoming bought a new position in shares of Shenandoah Telecommunications in the 2nd quarter worth about $65,000. iSAM Funds UK Ltd acquired a new position in shares of Shenandoah Telecommunications in the 3rd quarter valued at about $67,000. Tower Research Capital LLC TRC grew its position in shares of Shenandoah Telecommunications by 80.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,992 shares of the utilities provider’s stock valued at $68,000 after buying an additional 2,228 shares during the last quarter. Finally, Quantbot Technologies LP raised its stake in Shenandoah Telecommunications by 223.8% during the third quarter. Quantbot Technologies LP now owns 5,501 shares of the utilities provider’s stock worth $74,000 after acquiring an additional 3,802 shares during the period. 61.96% of the stock is currently owned by institutional investors.

Shenandoah Telecommunications Company Profile

Shenandoah Telecommunications Company operates as a diversified communications provider offering both wireless and wireline services across rural markets in the Mid-Atlantic region. Headquartered in Edinburg, Virginia, the company designs, builds and maintains network infrastructure to deliver mobile connectivity, high-speed broadband access and related telecommunications solutions to residential, business and wholesale customers.

In its wireless segment, the company owns and operates a portfolio of cellular towers and associated spectrum under a long-term partnership with a national carrier.