Shenandoah Telecommunications (NASDAQ:SHEN) Given Buy Rating at BWS Financial

Shenandoah Telecommunications (NASDAQ:SHEN)‘s stock had its “buy” rating reissued by investment analysts at BWS Financial in a research report issued on Tuesday,Benzinga reports. They presently have a $26.00 target price on the utilities provider’s stock. BWS Financial’s price target would indicate a potential upside of 133.50% from the company’s previous close.

Shenandoah Telecommunications Stock Performance

Shares of NASDAQ SHEN traded down $0.12 during midday trading on Tuesday, reaching $11.14. 4,090 shares of the stock were exchanged, compared to its average volume of 205,988. The company has a quick ratio of 0.79, a current ratio of 0.82 and a debt-to-equity ratio of 0.44. The firm has a market cap of $607.99 million, a price-to-earnings ratio of 2.95 and a beta of 0.61. The firm has a 50-day simple moving average of $11.87 and a two-hundred day simple moving average of $13.32. Shenandoah Telecommunications has a twelve month low of $9.77 and a twelve month high of $21.89.

Shenandoah Telecommunications (NASDAQ:SHEN) last released its quarterly earnings results on Thursday, February 20th. The utilities provider reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.07). Shenandoah Telecommunications had a net margin of 58.03% and a negative return on equity of 2.50%. The firm had revenue of $85.41 million for the quarter, compared to analyst estimates of $89.65 million. As a group, analysts anticipate that Shenandoah Telecommunications will post -0.49 EPS for the current fiscal year.

Hedge Funds Weigh In On Shenandoah Telecommunications

A number of large investors have recently bought and sold shares of the business. FMR LLC grew its holdings in Shenandoah Telecommunications by 211.9% in the third quarter. FMR LLC now owns 105,789 shares of the utilities provider’s stock valued at $1,493,000 after purchasing an additional 71,868 shares during the period. Barclays PLC grew its stake in Shenandoah Telecommunications by 339.4% in the 3rd quarter. Barclays PLC now owns 80,151 shares of the utilities provider’s stock valued at $1,131,000 after acquiring an additional 61,910 shares during the period. Jane Street Group LLC increased its holdings in Shenandoah Telecommunications by 101.2% in the 3rd quarter. Jane Street Group LLC now owns 95,703 shares of the utilities provider’s stock worth $1,350,000 after acquiring an additional 48,127 shares in the last quarter. Intech Investment Management LLC acquired a new position in Shenandoah Telecommunications during the third quarter worth $1,113,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Shenandoah Telecommunications during the third quarter worth $678,000. Institutional investors and hedge funds own 61.96% of the company’s stock.

Shenandoah Telecommunications Company Profile

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.