Shenandoah Telecommunications Co. (NASDAQ:SHEN) was down 3.2% during mid-day trading on Friday . The stock traded as low as $25.14 and last traded at $25.30, with a volume of 139,069 shares. The stock had previously closed at $26.13.

Several equities research analysts have recently issued reports on SHEN shares. FBR & Co raised their price objective 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. Drexel Hamilton reaffirmed a “buy” rating and issued a $38.00 target price on shares of Shenandoah Telecommunications in a research report on Wednesday, May 25th. Raymond James Financial Inc. cut Shenandoah Telecommunications from an “outperform” rating to a “market perform” rating in a research report on Thursday, June 9th. Zacks Investment Research cut Shenandoah Telecommunications from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 13th. Finally, TheStreet cut Shenandoah Telecommunications from a “buy” rating to a “hold” rating in a research report on Wednesday. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $35.20.

The stock’s 50-day moving average price is $35.54 and its 200 day moving average price is $30.48. The company has a market capitalization of $1.22 billion and a P/E ratio of 45.57.

Shenandoah Telecommunications (NASDAQ:SHEN) last announced its quarterly earnings data on Friday, August 5th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by $0.39. The firm earned $130.30 million during the quarter, compared to the consensus estimate of $93.96 million. Equities analysts anticipate that Shenandoah Telecommunications Co. will post $0.34 EPS for the current year.

In other news, SVP Thomas A. Whitaker sold 3,000 shares of the company’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 sale, the senior vice president now owns 19,824 shares in the company, valued at approximately $713,664. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director James E. Zerkel II sold 1,500 shares of the company’s stock in a transaction that occurred 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 sale, the director now owns 55,645 shares in the company, valued at approximately $2,028,816.70. The disclosure for this sale can be found here.

An institutional investor recently raised its position in Shenandoah Telecommunications stock. California Public Employees Retirement System raised its position in Shenandoah Telecommunications Co. (NASDAQ:SHEN) by 23.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 68,700 shares of the company’s stock after buying an additional 13,000 shares during the period. California Public Employees Retirement System owned about 0.14% of Shenandoah Telecommunications worth $2,958,000 as of its most recent filing with the SEC.

Shenandoah Telecommunications Company is a telecommunications holding company. The Company, through its subsidiaries, provides both regulated and unregulated telecommunications services to end user customers and other telecommunications providers. Its segments include Wireless, which provides digital wireless service to a portion of over four-state area covering the region from Harrisburg, York and Altoona, Pennsylvania, to Harrisonburg, Virginia; Cable segment, which provides video, Internet and voice services in franchise areas in portions of Virginia, West Virginia and western Maryland, and leases fiber optic facilities throughout its service area; Wireline segment, which provides regulated and unregulated voice services, digital subscriber lines Internet access and long distance access services throughout Shenandoah county, and Other segment, which includes operations of the Company.

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