Shares of Shenandoah Telecommunications (NASDAQ:SHEN) have been assigned a consensus recommendation of “Hold” from the eight analysts that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $48.33.
A number of equities analysts recently commented on the company. ValuEngine raised Shenandoah Telecommunications from a “hold” rating to a “buy” rating in a research note on Saturday, October 5th. TheStreet raised shares of Shenandoah Telecommunications from a “c+” rating to a “b-” rating in a report on Wednesday, November 27th. BidaskClub lowered Shenandoah Telecommunications from a “sell” rating to a “strong sell” rating in a research report on Friday, September 20th. Zacks Investment Research lowered Shenandoah Telecommunications from a “buy” rating to a “hold” rating in a research report on Tuesday, November 19th. Finally, Raymond James upgraded Shenandoah Telecommunications from a “market perform” rating to an “outperform” rating and set a $44.00 price objective on the stock in a research report on Wednesday, August 7th.
Shares of NASDAQ SHEN opened at $37.37 on Friday. The stock has a market cap of $1.87 billion, a PE ratio of 40.18 and a beta of 0.39. Shenandoah Telecommunications has a 1 year low of $29.61 and a 1 year high of $51.18. The firm has a fifty day moving average price of $34.58 and a 200-day moving average price of $35.90. The company has a debt-to-equity ratio of 2.22, a current ratio of 1.68 and a quick ratio of 1.64.
Shenandoah Telecommunications (NASDAQ:SHEN) last released its earnings results on Thursday, October 31st. The utilities provider reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.03). The firm had revenue of $155.15 million for the quarter, compared to analysts’ expectations of $163.96 million. Shenandoah Telecommunications had a net margin of 8.87% and a return on equity of 12.28%. On average, research analysts expect that Shenandoah Telecommunications will post 1.14 EPS for the current year.
The firm also recently declared an annual dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 14th were issued a $0.29 dividend. This represents a dividend yield of 0.9%. This is an increase from Shenandoah Telecommunications’s previous annual dividend of $0.27. The ex-dividend date was Wednesday, November 13th. Shenandoah Telecommunications’s dividend payout ratio is presently 31.18%.
A number of institutional investors and hedge funds have recently bought and sold shares of SHEN. Point72 Asset Management L.P. purchased a new stake in Shenandoah Telecommunications in the second quarter worth $31,000. Tower Research Capital LLC TRC lifted its holdings in Shenandoah Telecommunications by 220.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,070 shares of the utilities provider’s stock valued at $41,000 after buying an additional 736 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in Shenandoah Telecommunications during the 3rd quarter valued at about $68,000. Meeder Asset Management Inc. boosted its position in Shenandoah Telecommunications by 622.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 2,000 shares of the utilities provider’s stock valued at $77,000 after buying an additional 1,723 shares during the period. Finally, Aperio Group LLC purchased a new stake in Shenandoah Telecommunications in the 2nd quarter valued at about $151,000. Institutional investors own 48.54% of the company’s stock.
About Shenandoah Telecommunications
Shenandoah Telecommunications Company, through its subsidiaries, primarily provides wireless, cable, and wireline telecommunications services to customers and other telecommunications providers. The company operates in three segments: Wireless, Cable, and Wireline. The Wireless segment provides digital wireless mobile services; and wireless mobility communications network products and services.
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