Shenandoah Telecommunications (SHEN) Getting Somewhat Positive Press Coverage, Study Shows

Press coverage about Shenandoah Telecommunications (NASDAQ:SHEN) has been trending somewhat positive recently, according to Accern. The research group ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Shenandoah Telecommunications earned a news impact score of 0.23 on Accern’s scale. Accern also gave media stories about the utilities provider an impact score of 45.9740127032011 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

SHEN has been the topic of several research reports. TheStreet cut Shenandoah Telecommunications from a “b-” rating to a “c+” rating in a research report on Friday, November 10th. Zacks Investment Research raised Shenandoah Telecommunications from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th. Finally, BidaskClub cut Shenandoah Telecommunications from a “buy” rating to a “hold” rating in a research report on Wednesday, December 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $35.00.

Shares of Shenandoah Telecommunications (SHEN) opened at $33.40 on Thursday. The company has a debt-to-equity ratio of 2.60, a current ratio of 1.34 and a quick ratio of 1.28. Shenandoah Telecommunications has a 12-month low of $25.35 and a 12-month high of $41.80. The company has a market capitalization of $1,684.85, a P/E ratio of 136.80 and a beta of 0.67.

Shenandoah Telecommunications (NASDAQ:SHEN) last issued its quarterly earnings results on Thursday, November 2nd. The utilities provider reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.08. Shenandoah Telecommunications had a return on equity of 4.04% and a net margin of 0.91%. The firm had revenue of $151.80 million for the quarter, compared to analysts’ expectations of $153.64 million. During the same period in the previous year, the firm posted ($0.16) EPS. The business’s revenue for the quarter was down 3.2% compared to the same quarter last year. research analysts predict that Shenandoah Telecommunications will post 0.16 earnings per share for the current year.

The business also recently declared an annual dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 3rd were given a $0.26 dividend. This is a boost from Shenandoah Telecommunications’s previous annual dividend of $0.25. This represents a dividend yield of 0.65%. The ex-dividend date of this dividend was Thursday, November 2nd. Shenandoah Telecommunications’s payout ratio is currently 216.67%.

In other news, insider Earle A. Mackenzie sold 46,000 shares of the business’s stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $38.93, for a total value of $1,790,780.00. Following the sale, the insider now directly owns 118,047 shares of the company’s stock, valued at approximately $4,595,569.71. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 7.24% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Shenandoah Telecommunications (NASDAQ:SHEN)

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