Media stories about Shenandoah Telecommunications (NASDAQ:SHEN) have been trending somewhat positive on Friday, Accern reports. The research group rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Shenandoah Telecommunications earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave news stories about the utilities provider an impact score of 45.5721987612027 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

SHEN has been the subject of several research reports. TheStreet cut Shenandoah Telecommunications from a “b” rating to a “c+” rating in a report on Thursday, May 4th. Zacks Investment Research raised Shenandoah Telecommunications from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a report on Thursday, May 11th. BidaskClub cut Shenandoah Telecommunications from a “hold” rating to a “sell” rating in a report on Saturday, June 24th. Finally, ValuEngine raised Shenandoah Telecommunications from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $35.50.

Shenandoah Telecommunications (SHEN) traded up 0.28% during mid-day trading on Friday, reaching $35.45. The company had a trading volume of 75,856 shares. The company’s 50-day moving average is $31.91 and its 200-day moving average is $30.17. The stock’s market capitalization is $1.74 billion. Shenandoah Telecommunications has a one year low of $22.05 and a one year high of $36.80.

Shenandoah Telecommunications (NASDAQ:SHEN) last announced its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.06. Shenandoah Telecommunications had a positive return on equity of 5.43% and a negative net margin of 0.89%. The business had revenue of $153.30 million during the quarter, compared to analyst estimates of $153.83 million. The firm’s revenue for the quarter was up 17.7% on a year-over-year basis. Equities research analysts anticipate that Shenandoah Telecommunications will post $0.10 earnings per share for the current year.

In other Shenandoah Telecommunications news, VP Raymond B. Ostroski sold 3,000 shares of the stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $31.75, for a total transaction of $95,250.00. Following the completion of the transaction, the vice president now directly owns 21,621 shares of the company’s stock, valued at $686,466.75. The sale was disclosed in a 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.

Insider Buying and Selling by Quarter for Shenandoah Telecommunications (NASDAQ:SHEN)

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