Shenandoah Telecommunications (SHEN) Receives Media Impact Score of 0.17
News headlines about Shenandoah Telecommunications (NASDAQ:SHEN) have trended somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Shenandoah Telecommunications earned a coverage optimism score of 0.17 on Accern’s scale. Accern also gave media stories about the utilities provider an impact score of 46.2390160693364 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the media stories that may have effected Accern’s scoring:
- IHS Markit Score Update: Rise in demand for ETFs holding Shenandoah Telecommunications Co is a positive for its shares (finance.yahoo.com)
- Shenandoah Telecommunications Co (NASDAQ:SHEN) Given Consensus Rating of “Hold” by Brokerages (americanbankingnews.com)
- Shenandoah Telecommunications Co. (Virginia) :SHEN-US: Earnings Analysis: Q2, 2017 By the Numbers : August 8, 2017 (finance.yahoo.com)
- Shenandoah Telecommunications Co (SHEN) Expected to Earn Q3 2018 Earnings of $0.12 Per Share (americanbankingnews.com)
SHEN has been the subject of a number of recent research reports. TheStreet cut shares of Shenandoah Telecommunications from a “b” rating to a “c+” rating in a research report on Thursday, May 4th. Zacks Investment Research upgraded shares of Shenandoah Telecommunications from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a research report on Thursday, May 11th. BidaskClub cut shares of Shenandoah Telecommunications from a “hold” rating to a “sell” rating in a research report on Saturday, June 24th. Finally, ValuEngine upgraded shares of Shenandoah Telecommunications from a “sell” rating to a “hold” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $34.67.
Shenandoah Telecommunications (SHEN) remained flat at $35.40 during midday trading on Friday. The stock had a trading volume of 179,308 shares. The stock has a 50 day moving average price of $31.21 and a 200-day moving average price of $29.92. Shenandoah Telecommunications has a 12 month low of $22.05 and a 12 month high of $36.80. The firm’s market capitalization is $1.74 billion.
Shenandoah Telecommunications (NASDAQ:SHEN) last released its earnings results on Wednesday, August 2nd. The utilities provider reported $0.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.06. The company had revenue of $153.30 million for the quarter, compared to analyst estimates of $153.83 million. Shenandoah Telecommunications had a negative net margin of 0.89% and a positive return on equity of 5.43%. The firm’s revenue for the quarter was up 17.7% on a year-over-year basis. On average, equities research analysts forecast that Shenandoah Telecommunications will post $0.10 EPS for the current year.
In other Shenandoah Telecommunications news, VP Raymond B. Ostroski sold 3,000 shares of the company’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $31.75, for a total value of $95,250.00. Following the transaction, the vice president now directly owns 21,621 shares in the company, valued at approximately $686,466.75. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 7.24% of the stock is currently owned by corporate insiders.
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Shenandoah Telecommunications Company Profile
Shenandoah Telecommunications Company is a telecommunications holding company. The Company’s segments are Wireless, Cable, Wireline and Other. The Company, through its operating subsidiaries, provides both regulated and unregulated telecommunications services to end user customers and other telecommunications providers in Virginia, West Virginia, central Pennsylvania, western Maryland, and portions of Kentucky and Ohio.
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