Shenandoah Telecommunications Co (NASDAQ:SHEN)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $37.60 and last traded at $37.55, with a volume of 87,952 shares changing hands. The stock had previously closed at $37.30.

Several equities analysts recently commented on the stock. BidaskClub raised shares of Shenandoah Telecommunications from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Zacks Investment Research lowered shares of Shenandoah Telecommunications from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Finally, ValuEngine raised shares of Shenandoah Telecommunications from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $35.50.

The stock’s market cap is $1.83 billion. The stock has a 50 day moving average price of $33.70 and a 200 day moving average price of $30.86.

Shenandoah Telecommunications (NASDAQ:SHEN) last released its quarterly 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 the consensus estimate of $153.83 million. Shenandoah Telecommunications had a negative net margin of 0.89% and a positive return on equity of 5.43%. The business’s revenue was up 17.7% on a year-over-year basis. On average, equities research analysts expect that Shenandoah Telecommunications Co will post $0.10 earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in SHEN. Vanguard Group Inc. increased its position in Shenandoah Telecommunications by 1.3% during the second quarter. Vanguard Group Inc. now owns 3,720,805 shares of the utilities provider’s stock valued at $114,229,000 after acquiring an additional 47,212 shares during the last quarter. BlackRock Inc. increased its position in Shenandoah Telecommunications by 91,238.8% during the first quarter. BlackRock Inc. now owns 3,679,126 shares of the utilities provider’s stock valued at $103,201,000 after acquiring an additional 3,675,098 shares during the last quarter. Aberdeen Asset Management PLC UK increased its position in Shenandoah Telecommunications by 16.6% during the first quarter. Aberdeen Asset Management PLC UK now owns 2,374,343 shares of the utilities provider’s stock valued at $66,600,000 after acquiring an additional 338,266 shares during the last quarter. TimesSquare Capital Management LLC increased its position in Shenandoah Telecommunications by 20.6% during the first quarter. TimesSquare Capital Management LLC now owns 1,837,275 shares of the utilities provider’s stock valued at $51,536,000 after acquiring an additional 313,500 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in Shenandoah Telecommunications by 0.6% during the second quarter. Renaissance Technologies LLC now owns 1,052,800 shares of the utilities provider’s stock valued at $32,321,000 after acquiring an additional 6,500 shares during the last quarter. 49.26% of the stock is currently owned by institutional investors.

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About Shenandoah Telecommunications

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.