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

A number of equities analysts have 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 company an “outperform” rating in a research note on Monday, May 2nd. Drexel Hamilton reaffirmed a “buy” rating and issued a $38.00 price objective on shares of Shenandoah Telecommunications in a research note on Wednesday, May 25th. 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. 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. Finally, TheStreet cut shares of Shenandoah Telecommunications from a “buy” rating to a “hold” rating in a research note on Wednesday. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $35.20.

The stock has a market cap of $1.22 billion and a P/E ratio of 45.57. The firm has a 50-day moving average price of $35.14 and a 200 day moving average price of $30.51.

Shenandoah Telecommunications (NASDAQ:SHEN) last issued 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 firm had revenue of $130.30 million for 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 related news, SVP Thomas A. Whitaker sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 22nd. The shares were sold at an average price of $36.00, for a total transaction of $108,000.00. Following the completion of the transaction, the senior vice president now directly owns 19,824 shares in the company, valued at approximately $713,664. The transaction was disclosed in a filing with the SEC, which is available through 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 transaction of $54,690.00. Following the transaction, the director now owns 55,645 shares of the company’s stock, valued at $2,028,816.70. The disclosure for this sale can be found here.

A hedge fund recently raised its stake in Shenandoah Telecommunications stock. California Public Employees Retirement System increased its position in Shenandoah Telecommunications Co. (NASDAQ:SHEN) by 23.3% during the fourth quarter, according to its most recent disclosure with the SEC. The firm 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 approximately 0.14% of Shenandoah Telecommunications worth $2,958,000 at the end of the most recent quarter.

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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