Shenandoah Telecommunications (SHEN) Receives Coverage Optimism Rating of 0.28
News headlines about Shenandoah Telecommunications (NASDAQ:SHEN) have trended positive recently, according to Accern Sentiment Analysis. The research group scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. 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 daily sentiment score of 0.28 on Accern’s scale. Accern also gave headlines about the utilities provider an impact score of 45.2565566463679 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Several research analysts have recently weighed in on SHEN shares. Zacks Investment Research downgraded shares of Shenandoah Telecommunications from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. BidaskClub upgraded shares of Shenandoah Telecommunications from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Finally, ValuEngine upgraded shares of Shenandoah Telecommunications from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $35.00.
Shenandoah Telecommunications (SHEN) traded down 0.39% during mid-day trading on Wednesday, reaching $38.80. 34,556 shares of the company traded hands. The company’s market capitalization is $1.91 billion. Shenandoah Telecommunications has a 52-week low of $22.05 and a 52-week high of $41.80. The stock has a 50 day moving average price of $36.74 and a 200-day moving average price of $32.64.
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, topping the consensus estimate of $0.01 by $0.06. The business had revenue of $153.30 million for the quarter, compared to the consensus estimate of $153.83 million. Shenandoah Telecommunications had a negative net margin of 0.89% and a positive return on equity of 5.43%. The company’s revenue was up 17.7% on a year-over-year basis. Analysts expect that Shenandoah Telecommunications will post $0.11 EPS for the current fiscal year.
In other news, insider Earle A. Mackenzie sold 46,000 shares of the firm’s stock in a transaction on Monday, September 25th. The shares were sold at an average price of $38.93, for a total value of $1,790,780.00. Following the sale, the insider now owns 118,047 shares in the company, valued at $4,595,569.71. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company 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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