Shenandoah Telecommunications Co. (NASDAQ:SHEN) shares traded up 1.8% on Tuesday . The company traded as high as $39.95 and last traded at $39.56, with a volume of 122,225 shares traded. The stock had previously closed at $38.85.

Several research analysts have recently issued reports on the stock. Macquarie assumed coverage on shares of Shenandoah Telecommunications in a report on Tuesday, April 5th. They set a “neutral” rating on the stock. Zacks Investment Research upgraded shares of Shenandoah Telecommunications from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a report on Friday, March 11th. FBR & Co upped their target price on shares of Shenandoah Telecommunications from $30.00 to $31.00 and gave the company an “outperform” rating in a research note on Monday, May 2nd. Drexel Hamilton reissued a “buy” rating and issued a $38.00 target price on shares of Shenandoah Telecommunications in a research note on Wednesday, May 25th. Finally, Raymond James Financial Inc. cut shares of Shenandoah Telecommunications from an “outperform” rating to a “market perform” rating in a research note on Thursday, June 9th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $38.50.

The stock has a market cap of $1.92 billion and a PE ratio of 43.69. The firm has a 50 day moving average of $34.36 and a 200 day moving average of $27.02.

Shenandoah Telecommunications (NASDAQ:SHEN) last announced its quarterly earnings results on Friday, April 29th. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.04. The firm earned $92.57 million during the quarter, compared to analyst estimates of $89.74 million. Equities analysts predict that Shenandoah Telecommunications Co. will post $1.04 EPS for the current fiscal year.

In other Shenandoah Telecommunications news, Director Douglas C. Arthur sold 9,000 shares of the stock in a transaction on Thursday, June 23rd. The shares were sold at an average price of $36.02, for a total value of $324,180.00. Following the completion of the sale, the director now owns 25,679 shares in the company, valued at $924,957.58. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director James E. Zerkel II sold 1,500 shares of the stock in a transaction on Monday, June 27th. The shares were sold at an average price of $36.46, for a total transaction of $54,690.00. Following the completion of the sale, the director now owns 55,645 shares of the company’s stock, valued at approximately $2,028,816.70. The disclosure for this sale can be found here.

A number of hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its stake in shares of Shenandoah Telecommunications by 1.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,361,217 shares of the company’s stock worth $58,601,000 after buying an additional 15,243 shares in the last quarter. Aberdeen Asset Management PLC UK boosted its stake in shares of Shenandoah Telecommunications by 1.9% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 237,295 shares of the company’s stock worth $11,224,000 after buying an additional 4,344 shares in the last quarter. Numeric Investors LLC boosted its stake in shares of Shenandoah Telecommunications by 4.7% in the fourth quarter. Numeric Investors LLC now owns 103,302 shares of the company’s stock worth $4,447,000 after buying an additional 4,592 shares in the last quarter. Mutual of America Capital Management LLC boosted its stake in shares of Shenandoah Telecommunications by 0.6% in the fourth quarter. Mutual of America Capital Management LLC now owns 83,262 shares of the company’s stock worth $3,584,000 after buying an additional 497 shares in the last quarter. Finally, California Public Employees Retirement System boosted its stake in shares of Shenandoah Telecommunications by 23.3% in the fourth quarter. California Public Employees Retirement System now owns 68,700 shares of the company’s stock worth $2,958,000 after buying an additional 13,000 shares in the last quarter.

Shenandoah Telecommunications Company is a diversified telecommunications holding company. The Company provides both regulated and unregulated telecommunications services to end user customers and other telecommunications providers in Virginia, West Virginia, central Pennsylvania and western Maryland.

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