Shenandoah Telecommunications (NASDAQ:SHEN) Earns Buy Rating from BWS Financial

Shenandoah Telecommunications (NASDAQ:SHEN)‘s stock had its “buy” rating reiterated by equities research analysts at BWS Financial in a research note issued to investors on Wednesday,Benzinga reports. They presently have a $26.00 target price on the utilities provider’s stock. BWS Financial’s target price indicates a potential upside of 106.02% from the stock’s current price.

Separately, StockNews.com raised shares of Shenandoah Telecommunications to a “sell” rating in a research report on Tuesday, July 30th.

Shenandoah Telecommunications Stock Down 2.4 %

Shenandoah Telecommunications stock traded down $0.31 during mid-day trading on Wednesday, hitting $12.62. The company’s stock had a trading volume of 190,383 shares, compared to its average volume of 197,199. Shenandoah Telecommunications has a 52-week low of $11.87 and a 52-week high of $24.32. The company has a market cap of $689.05 million, a PE ratio of 3.24 and a beta of 0.67. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.79 and a quick ratio of 0.79. The firm’s 50 day moving average is $14.31 and its 200 day moving average is $15.95.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of SHEN. GCM Grosvenor Holdings LLC bought a new stake in shares of Shenandoah Telecommunications in the 2nd quarter valued at approximately $66,959,000. Intech Investment Management LLC bought a new stake in Shenandoah Telecommunications in the third quarter worth approximately $1,113,000. FMR LLC increased its stake in shares of Shenandoah Telecommunications by 211.9% during the 3rd quarter. FMR LLC now owns 105,789 shares of the utilities provider’s stock worth $1,493,000 after purchasing an additional 71,868 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Shenandoah Telecommunications by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 5,488,067 shares of the utilities provider’s stock valued at $95,328,000 after purchasing an additional 51,697 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its stake in shares of Shenandoah Telecommunications by 99.9% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 101,288 shares of the utilities provider’s stock valued at $1,654,000 after purchasing an additional 50,630 shares during the last quarter. 61.96% of the stock is owned by institutional investors and hedge funds.

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.