Shenandoah Telecommunications Co. (NASDAQ:SHEN)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $41.07 and last traded at $40.98, with a volume of 63,573 shares trading hands. The stock had previously closed at $40.84.

Several equities analysts have recently issued reports on SHEN shares. Raymond James Financial Inc. lowered shares of Shenandoah Telecommunications from an “outperform” rating to a “market perform” rating in a report on Thursday, June 9th. Drexel Hamilton reissued a “buy” rating and issued a $38.00 price target on shares of Shenandoah Telecommunications in a report on Wednesday, May 25th. Zacks Investment Research lowered shares of Shenandoah Telecommunications from a “strong-buy” rating to a “hold” rating in a report on Wednesday. FBR & Co boosted their price target on shares of Shenandoah Telecommunications from $30.00 to $31.00 and gave the company an “outperform” rating in a report on Monday, May 2nd. Finally, Macquarie started coverage on shares of Shenandoah Telecommunications in a report on Tuesday, April 5th. They issued a “neutral” rating for the company. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Shenandoah Telecommunications presently has an average rating of “Buy” and a consensus target price of $38.50.

The firm has a 50-day moving average price of $35.71 and a 200 day moving average price of $27.58. The company has a market capitalization of $2.04 billion and a PE ratio of 46.49.

Shenandoah Telecommunications (NASDAQ:SHEN) last issued its earnings results on Friday, April 29th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.04. The company earned $92.57 million during the quarter, compared to analyst estimates of $89.74 million. On average, equities research analysts predict that Shenandoah Telecommunications Co. will post $1.04 earnings per share for the current year.

In other news, SVP Thomas A. Whitaker sold 3,000 shares of the firm’s stock in a transaction on Wednesday, June 22nd. The shares were sold at an average price of $36.00, for a total transaction of $108,000.00. Following the completion of the transaction, the senior vice president now owns 19,824 shares of the company’s stock, valued at $713,664. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Raymond B. Ostroski sold 2,000 shares of the firm’s stock in a transaction on Tuesday, May 10th. The shares were sold at an average price of $30.32, for a total transaction of $60,640.00. Following the transaction, the vice president now directly owns 10,906 shares of the company’s stock, valued at approximately $330,669.92. The disclosure for this sale can be found here.

Several institutional investors have added to or reduced their stakes in SHEN. Swiss National Bank increased its position in Shenandoah Telecommunications by 10.5% in the fourth quarter. Swiss National Bank now owns 30,486 shares of the company’s stock valued at $1,312,000 after buying an additional 2,886 shares during the last quarter. California State Teachers Retirement System increased its position in Shenandoah Telecommunications by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 44,819 shares of the company’s stock valued at $1,929,000 after buying an additional 759 shares during the last quarter. California Public Employees Retirement System increased its position in Shenandoah Telecommunications by 23.3% in the fourth quarter. California Public Employees Retirement System now owns 68,700 shares of the company’s stock valued at $2,958,000 after buying an additional 13,000 shares during the last quarter. Mutual of America Capital Management LLC increased its position in 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 valued at $3,584,000 after buying an additional 497 shares during the last quarter. Finally, Aberdeen Asset Management PLC UK increased its position in Shenandoah Telecommunications by 1.9% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 237,295 shares of the company’s stock valued at $11,224,000 after buying an additional 4,344 shares during 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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