Shenandoah Telecommunications (NASDAQ:SHEN) has earned a consensus recommendation of “Buy” from the six analysts that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $41.00.

Several equities research analysts have recently weighed in on SHEN shares. Zacks Investment Research downgraded shares of Shenandoah Telecommunications from a “hold” rating to a “sell” rating in a research note on Saturday, July 28th. BidaskClub upgraded shares of Shenandoah Telecommunications from a “sell” rating to a “hold” rating in a research note on Friday, June 1st. ValuEngine upgraded shares of Shenandoah Telecommunications from a “hold” rating to a “buy” rating in a research note on Thursday, May 31st. Finally, TheStreet upgraded shares of Shenandoah Telecommunications from a “c+” rating to a “b-” rating in a research note on Friday, August 24th.

In related news, SVP Edward H. Mckay sold 5,215 shares of the firm’s stock in a transaction dated Friday, August 24th. The shares were sold at an average price of $37.15, for a total value of $193,737.25. Following the completion of the sale, the senior vice president now owns 17,959 shares in the company, valued at $667,176.85. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Edward H. Mckay sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $36.75, for a total transaction of $73,500.00. Following the completion of the sale, the senior vice president now owns 17,959 shares of the company’s stock, valued at approximately $659,993.25. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,215 shares of company stock valued at $791,907. 6.84% of the stock is owned by insiders.

A number of large investors have recently made changes to their positions in SHEN. BlackRock Inc. increased its holdings in Shenandoah Telecommunications by 7.8% in the second quarter. BlackRock Inc. now owns 3,323,426 shares of the utilities provider’s stock valued at $108,676,000 after buying an additional 239,253 shares in the last quarter. Creative Planning increased its stake in shares of Shenandoah Telecommunications by 630.6% during the 2nd quarter. Creative Planning now owns 117,637 shares of the utilities provider’s stock worth $3,847,000 after purchasing an additional 101,535 shares in the last quarter. Millennium Management LLC increased its stake in shares of Shenandoah Telecommunications by 777.8% during the 2nd quarter. Millennium Management LLC now owns 99,550 shares of the utilities provider’s stock worth $3,255,000 after purchasing an additional 88,209 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Shenandoah Telecommunications by 91.5% during the 2nd quarter. Bank of America Corp DE now owns 121,897 shares of the utilities provider’s stock worth $3,987,000 after purchasing an additional 58,247 shares in the last quarter. Finally, Trexquant Investment LP purchased a new position in shares of Shenandoah Telecommunications during the 1st quarter worth approximately $1,618,000. Hedge funds and other institutional investors own 46.91% of the company’s stock.

NASDAQ SHEN traded down $0.40 during trading hours on Thursday, hitting $36.50. The company had a trading volume of 5,189 shares, compared to its average volume of 155,831. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.41 and a quick ratio of 1.36. Shenandoah Telecommunications has a 1-year low of $29.92 and a 1-year high of $41.80. The company has a market capitalization of $1.82 billion, a PE ratio of 139.81 and a beta of 0.44.

Shenandoah Telecommunications (NASDAQ:SHEN) last released its quarterly earnings data on Tuesday, August 7th. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.06. Shenandoah Telecommunications had a net margin of 12.60% and a return on equity of 6.34%. The company had revenue of $154.03 million during the quarter, compared to the consensus estimate of $152.83 million. research analysts expect that Shenandoah Telecommunications will post 0.55 earnings per share for the current year.

Shenandoah Telecommunications Company Profile

Shenandoah Telecommunications Company, through its subsidiaries, provides regulated and unregulated telecommunications services to customers and other telecommunications providers in central and western Virginia, south-central Pennsylvania, West Virginia, Maryland, North Carolina, Kentucky, Tennessee, and Ohio.

Featured Story: Penny Stocks, What You Need To Know

Receive News & Ratings for Shenandoah Telecommunications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shenandoah Telecommunications and related companies with MarketBeat.com's FREE daily email newsletter.