Shenandoah Telecommunications (SHEN) Earns Daily Coverage Optimism Rating of 0.14
News headlines about Shenandoah Telecommunications (NASDAQ:SHEN) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Shenandoah Telecommunications earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave headlines about the utilities provider an impact score of 45.5616746421383 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have impacted Accern’s rankings:
- -$0.01 EPS Expected for Shenandoah Telecommunications Co (SHEN) This Quarter (americanbankingnews.com)
- Featured Company News – CenturyLink Enhances its Managed Private Cloud Service (finance.yahoo.com)
- Shenandoah Telecommunications C (NASDAQ:SHEN) Closed Significantly Above Its 50 Day Moving Average (highlightpress.com)
- School board gives initial nod to cell tower at WAHS (dailyprogress.com)
- Shenandoah Telecommunications C (NASDAQ:SHEN) Closed 8.9% Above Its 50 Day Average (highlightpress.com)
Several equities analysts have issued reports on SHEN shares. ValuEngine upgraded Shenandoah Telecommunications from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. BidaskClub upgraded Shenandoah Telecommunications from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Zacks Investment Research lowered Shenandoah Telecommunications from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Finally, TheStreet lowered Shenandoah Telecommunications from a “b” rating to a “c+” rating in a research note on Thursday, May 4th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $35.50.
Shenandoah Telecommunications (NASDAQ:SHEN) traded down 0.14% during trading on Wednesday, reaching $35.80. The company’s stock had a trading volume of 21,909 shares. The stock has a 50 day moving average price of $32.71 and a 200 day moving average price of $30.53. The stock’s market capitalization is $1.76 billion. Shenandoah Telecommunications has a 1-year low of $22.05 and a 1-year high of $36.80.
Shenandoah Telecommunications (NASDAQ:SHEN) last announced its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.06. Shenandoah Telecommunications had a positive return on equity of 5.43% and a negative net margin of 0.89%. The firm had revenue of $153.30 million for the quarter, compared to analysts’ expectations of $153.83 million. The company’s revenue was up 17.7% compared to the same quarter last year. Analysts anticipate that Shenandoah Telecommunications will post $0.10 earnings per share for the current fiscal year.
In other Shenandoah Telecommunications news, VP Raymond B. Ostroski sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $31.75, for a total transaction of $95,250.00. Following the sale, the vice president now owns 21,621 shares in the company, valued at $686,466.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 7.24% of the company’s stock.
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About Shenandoah Telecommunications
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.
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