Shares of Shenandoah Telecommunications Co. (NASDAQ:SHEN) were up 3.8% on Friday . The company traded as high as $41.64 and last traded at $41.41, with a volume of 175,230 shares changing hands. The stock had previously closed at $39.89.

A number of analysts have recently weighed in on SHEN shares. Raymond James Financial Inc. downgraded Shenandoah Telecommunications from an “outperform” rating to a “market perform” rating in a research report on Thursday, June 9th. Macquarie started coverage on Shenandoah Telecommunications in a research report on Tuesday, April 5th. They set a “neutral” rating for the company. Zacks Investment Research downgraded Shenandoah Telecommunications from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 13th. Drexel Hamilton restated a “buy” rating and set a $38.00 price objective on shares of Shenandoah Telecommunications in a research report on Wednesday, May 25th. Finally, FBR & Co upped their price objective on Shenandoah Telecommunications from $30.00 to $31.00 and gave the stock an “outperform” rating in a research report on Monday, May 2nd. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Shenandoah Telecommunications currently has an average rating of “Buy” and an average price target of $38.50.

The stock has a market capitalization of $2.03 billion and a PE ratio of 46.22. The company’s 50-day moving average is $37.80 and its 200-day moving average is $28.58.

Shenandoah Telecommunications (NASDAQ:SHEN) last released its earnings results on Friday, April 29th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.04. The firm earned $92.57 million during the quarter, compared to analysts’ expectations of $89.74 million. Analysts anticipate 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 firm’s stock in a transaction on Thursday, June 23rd. The stock was 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 directly owns 25,679 shares of the company’s stock, valued at $924,957.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James E. Zerkel II sold 1,500 shares of the firm’s stock in a transaction on Monday, June 27th. The stock was sold at an average price of $36.46, for a total value of $54,690.00. Following the completion of the sale, the director now directly owns 55,645 shares of the company’s stock, valued at $2,028,816.70. The disclosure for this sale can be found here.

Several institutional investors recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its position 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 valued at $58,601,000 after buying an additional 15,243 shares during the period. Aberdeen Asset Management PLC UK boosted 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 during the period. Mutual of America Capital Management LLC boosted 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 during the period. California Public Employees Retirement System boosted 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 during the period. Finally, Swiss National Bank boosted 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 during the period.

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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