Media headlines about Shenandoah Telecommunications Company (NASDAQ:SHEN) have trended somewhat positive this week, according to AlphaOne Sentiment Analysis. The research firm, a subsidiary of Accern, identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Shenandoah Telecommunications Company earned a media sentiment score of 0.00 on AlphaOne’s scale. AlphaOne also assigned news stories about the utilities provider an impact score of 52 out of 100, meaning that recent press coverage is somewhat likely to have an effect on the company’s share price in the immediate future.
Several equities analysts have recently issued reports on SHEN shares. FBR & Co reissued a “buy” rating and issued a $35.00 price objective on shares of Shenandoah Telecommunications Company in a report on Friday, February 3rd. Zacks Investment Research cut Shenandoah Telecommunications Company from a “hold” rating to a “sell” rating in a report on Thursday, February 9th. Finally, TheStreet raised Shenandoah Telecommunications Company from a “c+” rating to a “b” rating in a report on Wednesday, March 22nd. Four analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and an average target price of $35.50.
Shares of Shenandoah Telecommunications Company (NASDAQ:SHEN) traded down 3.88% during trading on Tuesday, hitting $31.00. The stock had a trading volume of 123,838 shares. The stock’s 50-day moving average is $30.91 and its 200-day moving average is $28.41. Shenandoah Telecommunications Company has a 12-month low of $22.05 and a 12-month high of $42.66. The stock’s market cap is $1.52 billion.
Shenandoah Telecommunications Company (NASDAQ:SHEN) last announced its earnings results on Thursday, May 4th. The utilities provider reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.09. Shenandoah Telecommunications Company had a net margin of 2.44% and a return on equity of 15.63%. The business had revenue of $153.90 million during the quarter, compared to the consensus estimate of $156.86 million. The company’s revenue for the quarter was up 66.2% compared to the same quarter last year. On average, equities research analysts expect that Shenandoah Telecommunications Company will post $0.28 EPS for the current year.
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About Shenandoah Telecommunications Company
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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