Shenandoah Telecommunications (NASDAQ:SHEN – Get Score) was upgraded by StockNews.com to a “promote” score in a analysis report issued on Friday.
Individually, BWS Monetary decreased their value goal on shares of Shenandoah Telecommunications from $16.00 to $15.00 and set a “promote” score on the inventory in a analysis be aware on Monday, November seventh.
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Shenandoah Telecommunications Inventory Up 3.8 %
Shares of NASDAQ SHEN opened at $17.91 on Friday. The inventory has a market cap of $897.26 million, a P/E ratio of -199.00 and a beta of 0.64. The agency has a 50 day shifting common value of $17.84 and a 200 day shifting common value of $19.73. The corporate has a debt-to-equity ratio of 0.04, a fast ratio of 1.49 and a present ratio of 1.49. Shenandoah Telecommunications has a 52-week low of $15.62 and a 52-week excessive of $25.93.
Shenandoah Telecommunications (NASDAQ:SHEN – Get Score) final introduced its quarterly earnings information on Wednesday, November 2nd. The utilities supplier reported ($0.03) EPS for the quarter, lacking analysts’ consensus estimates of $0.03 by ($0.06). The enterprise had income of $66.92 million through the quarter, in comparison with the consensus estimate of $65.94 million. Shenandoah Telecommunications had a optimistic return on fairness of 0.05% and a adverse web margin of 1.98%. Throughout the identical interval within the prior yr, the agency earned $0.13 EPS. Analysts anticipate that Shenandoah Telecommunications will put up -0.09 EPS for the present yr.
Institutional Buying and selling of Shenandoah Telecommunications
Various institutional traders and hedge funds have not too long ago added to or lowered their stakes in SHEN. JPMorgan Chase & Co. elevated its place in Shenandoah Telecommunications by 4.5% through the 1st quarter. JPMorgan Chase & Co. now owns 523,100 shares of the utilities supplier’s inventory valued at $12,334,000 after buying a further 22,371 shares through the interval. Citigroup Inc. grew its place in shares of Shenandoah Telecommunications by 11.5% through the 1st quarter. Citigroup Inc. now owns 47,692 shares of the utilities supplier’s inventory value $1,124,000 after shopping for a further 4,935 shares through the interval. PNC Monetary Providers Group Inc. grew its place in Shenandoah Telecommunications by 165.9% within the 1st quarter. PNC Monetary Providers Group Inc. now owns 5,350 shares of the utilities supplier’s inventory valued at $126,000 after buying a further 3,338 shares through the interval. MetLife Funding Administration LLC grew its place in Shenandoah Telecommunications by 54.2% within the 1st quarter. MetLife Funding Administration LLC now owns 26,071 shares of the utilities supplier’s inventory valued at $615,000 after buying a further 9,167 shares through the interval. Lastly, Panagora Asset Administration Inc. grew its place in Shenandoah Telecommunications by 25.3% within the 1st quarter. Panagora Asset Administration Inc. now owns 43,580 shares of the utilities supplier’s inventory valued at $1,028,000 after buying a further 8,802 shares through the interval. Institutional traders and hedge funds personal 53.82% of the corporate’s inventory.
About Shenandoah Telecommunications
Shenandoah Telecommunications Firm, along with its subsidiaries, supplies a spread of broadband communication providers and cell tower colocation area within the Mid-Atlantic portion of the US. Its Broadband phase gives broadband, video, and voice providers to residential and industrial prospects in Virginia, West Virginia, Maryland, Pennsylvania, and Kentucky, by way of hybrid fiber coaxial cable underneath the Shentel model, fiber optic providers underneath the Glo Fiber model, and stuck wi-fi community providers underneath the Beam model title.
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