Shenandoah Telecommunications Co. (NASDAQ:SHEN) rose 8.3% during trading on Tuesday . The stock traded as high as $29.75 and last traded at $29.58, with a volume of 610,648 shares changing hands. The stock had previously closed at $27.32.

SHEN has been the subject of several research analyst reports. FBR & Co upped 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. Drexel Hamilton reiterated a “buy” rating and issued a $38.00 price target on shares of Shenandoah Telecommunications in a report on Wednesday, May 25th. Raymond James Financial Inc. cut shares of Shenandoah Telecommunications from an “outperform” rating to a “market perform” rating in a report on Thursday, June 9th. Finally, Zacks Investment Research cut shares of Shenandoah Telecommunications from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 13th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Shenandoah Telecommunications currently has a consensus rating of “Buy” and a consensus price target of $35.20.

The firm has a market capitalization of $1.45 billion and a price-to-earnings ratio of 53.9342. The company has a 50-day moving average of $38.13 and a 200 day moving average of $30.35.

Shenandoah Telecommunications (NASDAQ:SHEN) last posted its earnings results on Friday, August 5th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.25 by $0.39. The company had revenue of $130.30 million for the quarter, compared to analyst estimates of $93.96 million. On average, equities analysts forecast that Shenandoah Telecommunications Co. will post $0.57 EPS for the current fiscal year.

In other Shenandoah Telecommunications news, Director James E. Zerkel II sold 1,500 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now owns 55,645 shares in the company, valued at approximately $2,028,816.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Thomas A. Whitaker sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 22nd. The stock was sold at an average price of $36.00, for a total transaction of $108,000.00. Following the transaction, the senior vice president now owns 19,824 shares of the company’s stock, valued at approximately $713,664. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have recently added to or reduced their stakes in the company. Swiss National Bank raised 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 Public Employees Retirement System raised 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. Finally, Dimensional Fund Advisors LP raised its position in 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 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.