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

SHEN has been the topic of several analyst reports. ValuEngine raised shares of Shenandoah Telecommunications from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. BidaskClub raised shares of Shenandoah Telecommunications from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Finally, Zacks Investment Research downgraded shares of Shenandoah Telecommunications from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. Shenandoah Telecommunications presently has a consensus rating of “Hold” and an average price target of $35.50.

The firm has a 50 day moving average of $34.28 and a 200-day moving average of $31.02. The company’s market capitalization is $1.78 billion.

Shenandoah Telecommunications (NASDAQ:SHEN) last posted its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.06. The business had revenue of $153.30 million during 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%. Shenandoah Telecommunications’s quarterly revenue was up 17.7% on a year-over-year basis. On average, analysts forecast that Shenandoah Telecommunications Co will post $0.10 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. bought a new stake in shares of Shenandoah Telecommunications during the 1st quarter worth $105,000. SG Americas Securities LLC bought a new stake in Shenandoah Telecommunications in the 1st quarter valued at $105,000. Pacad Investment Ltd. boosted its holdings in Shenandoah Telecommunications by 5.0% in the 2nd quarter. Pacad Investment Ltd. now owns 4,200 shares of the utilities provider’s stock valued at $129,000 after purchasing an additional 200 shares during the period. BNP Paribas Arbitrage SA boosted its holdings in Shenandoah Telecommunications by 790.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,521 shares of the utilities provider’s stock valued at $169,000 after purchasing an additional 4,901 shares during the period. Finally, Alpha Omega Wealth Management LLC boosted its holdings in Shenandoah Telecommunications by 5.5% in the 2nd quarter. Alpha Omega Wealth Management LLC now owns 5,800 shares of the utilities provider’s stock valued at $178,000 after purchasing an additional 300 shares during the period. 49.26% of the stock is owned by institutional investors and hedge funds.

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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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