Shenandoah Telecommunications Co. (NASDAQ:SHEN)’s share price traded up 3.8% during mid-day trading on Friday . The company traded as high as $41.64 and last traded at $41.41, with a volume of 175,230 shares traded. The stock had previously closed at $39.89.

A number of equities analysts recently issued reports on the stock. Zacks Investment Research cut shares of Shenandoah Telecommunications from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 13th. 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. Drexel Hamilton reiterated a “buy” rating and issued a $38.00 price target on shares of Shenandoah Telecommunications in a research note on Wednesday, May 25th. FBR & Co upped their price target on shares of Shenandoah Telecommunications from $30.00 to $31.00 and gave the stock an “outperform” rating in a research note on Monday, May 2nd. Finally, Macquarie assumed coverage on shares of Shenandoah Telecommunications in a research note on Tuesday, April 5th. They issued a “neutral” rating on the stock. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $38.50.

The company has a market cap of $2.03 billion and a price-to-earnings ratio of 46.22. The stock’s 50-day moving average is $37.56 and its 200-day moving average is $28.43.

Shenandoah Telecommunications (NASDAQ:SHEN) last released its earnings results on Friday, April 29th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.04. The business had revenue of $92.57 million for the quarter, compared to the consensus estimate of $89.74 million. On average, equities analysts forecast that Shenandoah Telecommunications Co. will post $1.04 earnings per share for the current fiscal year.

In other news, VP Raymond B. Ostroski sold 2,000 shares of the firm’s stock in a transaction on Tuesday, May 10th. The stock was sold at an average price of $30.32, for a total transaction of $60,640.00. Following the transaction, the vice president now owns 10,906 shares in the company, valued at $330,669.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 value of $108,000.00. Following the transaction, the senior vice president now owns 19,824 shares in the company, valued at approximately $713,664. The disclosure for this sale can be found here.

Several institutional investors have recently made changes to their positions in the stock. California State Teachers Retirement System raised its position in shares of 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 in the last quarter. Swiss National Bank raised its position in shares of 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 in the last quarter. California Public Employees Retirement System raised its position 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 valued at $2,958,000 after buying an additional 13,000 shares in the last quarter. Mutual of America Capital Management LLC raised its position 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 valued at $3,584,000 after buying an additional 497 shares in the last quarter. Finally, Aberdeen Asset Management PLC UK raised its position 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 valued at $11,224,000 after buying an additional 4,344 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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