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

A number of equities research analysts recently commented on SHEN shares. Zacks Investment Research downgraded Shenandoah Telecommunications from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 13th. Raymond James Financial Inc. downgraded Shenandoah Telecommunications from an “outperform” rating to a “market perform” rating in a research report on Thursday, June 9th. Drexel Hamilton reiterated a “buy” rating and issued a $38.00 target price on shares of Shenandoah Telecommunications in a research report on Wednesday, May 25th. Finally, FBR & Co downgraded Shenandoah Telecommunications from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from $31.00 to $35.00 in a research report on Monday, August 8th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Shenandoah Telecommunications presently has an average rating of “Buy” and an average target price of $35.20.

The stock’s 50 day moving average price is $37.66 and its 200 day moving average price is $30.37. The company has a market cap of $1.32 billion and a price-to-earnings ratio of 49.16.

Shenandoah Telecommunications (NASDAQ:SHEN) last announced its quarterly earnings results on Friday, August 5th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of $0.25 by $0.39. The business earned $130.30 million during the quarter, compared to the consensus estimate of $93.96 million. Analysts predict that Shenandoah Telecommunications Co. will post $0.53 EPS for the current year.

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

Several large investors have bought and sold shares of SHEN. Dimensional Fund Advisors LP boosted its stake 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 worth $58,601,000 after buying an additional 15,243 shares during the period. California Public Employees Retirement System boosted its stake 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 worth $2,958,000 after buying an additional 13,000 shares during the period. Finally, Swiss National Bank boosted its stake in Shenandoah Telecommunications by 10.5% in the fourth quarter. Swiss National Bank now owns 30,486 shares of the company’s stock worth $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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