Shenandoah Telecommunications (SHEN) Lowered to Strong Sell at BidaskClub

Shenandoah Telecommunications (NASDAQ:SHEN) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued to investors on Saturday.

A number of other brokerages have also weighed in on SHEN. Zacks Investment Research upgraded Shenandoah Telecommunications from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th. TheStreet lowered Shenandoah Telecommunications from a “b-” rating to a “c+” rating in a research report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $35.00.

Shenandoah Telecommunications (NASDAQ:SHEN) opened at $32.45 on Friday. The company has a current ratio of 1.34, a quick ratio of 1.28 and a debt-to-equity ratio of 2.60. Shenandoah Telecommunications has a fifty-two week low of $25.35 and a fifty-two week high of $41.80. The company has a market capitalization of $1,570.00, a price-to-earnings ratio of 295.00 and a beta of 0.69.

Shenandoah Telecommunications (NASDAQ:SHEN) last posted its quarterly earnings results on Thursday, November 2nd. The utilities provider reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.08. The company had revenue of $151.80 million during the quarter, compared to analysts’ expectations of $153.64 million. Shenandoah Telecommunications had a return on equity of 4.04% and a net margin of 0.91%. Shenandoah Telecommunications’s revenue was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.16) EPS. research analysts expect that Shenandoah Telecommunications will post 0.16 earnings per share for the current fiscal year.

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in Shenandoah Telecommunications by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 3,720,805 shares of the utilities provider’s stock worth $114,229,000 after acquiring an additional 47,212 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Shenandoah Telecommunications by 1.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,202,254 shares of the utilities provider’s stock worth $81,925,000 after acquiring an additional 30,156 shares during the last quarter. Renaissance Technologies LLC grew its position in Shenandoah Telecommunications by 0.6% during the 2nd quarter. Renaissance Technologies LLC now owns 1,052,800 shares of the utilities provider’s stock worth $32,321,000 after acquiring an additional 6,500 shares during the last quarter. Mawer Investment Management Ltd. grew its position in Shenandoah Telecommunications by 20.5% during the 3rd quarter. Mawer Investment Management Ltd. now owns 1,010,069 shares of the utilities provider’s stock worth $37,575,000 after acquiring an additional 171,670 shares during the last quarter. Finally, Crow Point Partners LLC grew its position in Shenandoah Telecommunications by 3.7% during the 4th quarter. Crow Point Partners LLC now owns 975,000 shares of the utilities provider’s stock worth $32,858,000 after acquiring an additional 35,000 shares during the last quarter. Institutional investors and hedge funds own 48.41% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Shenandoah Telecommunications (SHEN) Lowered to Strong Sell at BidaskClub” was published by Community Financial News and is the property of of Community Financial News. If you are reading this news story on another website, it was stolen and republished in violation of U.S. and international trademark and copyright legislation. The legal version of this news story can be read at https://www.com-unik.info/2018/01/13/shenandoah-telecommunications-shen-lowered-to-strong-sell-at-bidaskclub.html.

Shenandoah Telecommunications Company Profile

Shenandoah Telecommunications Company is a telecommunications holding company. The Company’s segments are Wireless, Cable, Wireline and Other. The Company, through its operating subsidiaries, provides both regulated and unregulated telecommunications services to end user customers and other telecommunications providers in Virginia, West Virginia, central Pennsylvania, western Maryland, and portions of Kentucky and Ohio.

Receive News & Ratings for Shenandoah Telecommunications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shenandoah Telecommunications and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit