Shenandoah Telecommunications (NASDAQ:SHEN) Given “Buy” Rating at BWS Financial

BWS Financial restated their buy rating on shares of Shenandoah Telecommunications (NASDAQ:SHEN) in a research note published on Monday morning, Benzinga reports. The firm currently has a $26.00 price objective on the utilities provider’s stock.

Shenandoah Telecommunications Price Performance

Shenandoah Telecommunications stock opened at $14.16 on Monday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.79 and a current ratio of 4.68. The company has a market cap of $714.37 million, a price-to-earnings ratio of 3.27 and a beta of 0.61. Shenandoah Telecommunications has a 1 year low of $11.87 and a 1 year high of $25.51. The firm has a 50 day moving average price of $16.23 and a 200 day moving average price of $19.65.

Shenandoah Telecommunications (NASDAQ:SHEN) last released its quarterly earnings data on Wednesday, February 21st. The utilities provider reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.06. Shenandoah Telecommunications had a return on equity of 0.27% and a net margin of 77.44%. The business had revenue of $72.51 million during the quarter, compared to the consensus estimate of $71.85 million. During the same period in the prior year, the firm posted ($0.04) EPS. Sell-side analysts predict that Shenandoah Telecommunications will post -0.05 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC acquired a new stake in shares of Shenandoah Telecommunications in the fourth quarter worth $27,000. Quest Partners LLC acquired a new stake in Shenandoah Telecommunications in the 4th quarter valued at $41,000. SG Americas Securities LLC purchased a new position in Shenandoah Telecommunications in the first quarter valued at about $109,000. HTLF Bank acquired a new position in shares of Shenandoah Telecommunications during the fourth quarter worth about $203,000. Finally, Victory Capital Management Inc. purchased a new stake in shares of Shenandoah Telecommunications in the fourth quarter worth about $236,000. Hedge funds and other institutional investors own 61.96% of the company’s stock.

About Shenandoah Telecommunications

Shenandoah Telecommunications Company, together with its subsidiaries, provides a range of broadband communication services and cell tower colocation space in the Mid-Atlantic portion of the United States. It operates in two segments, Broadband and Tower. The company Broadband segment offers broadband, video, and voice services to residential and commercial customers in Virginia, West Virginia, Maryland, Pennsylvania, and Kentucky through hybrid fiber coaxial cable under the Shentel brand; and fiber optic services under the Glo Fiber brand name.