The Shenandoah Telecommunications Company (SHEN) Raised to “Buy” at Zacks Investment Research

The Shenandoah Telecommunications Company (SHEN) Raised to “Buy” at Zacks Investment Research

According to Zacks, “Shenandoah Telecommunications Company is a holding company which provides a broad range of telecommunications services through its operating subsidiaries. The Company’s operating subsidiaries provide local telephone, cable, Internet access, interexchange facilities, cellular and PCS services, along with many other associated services. “

Shenandoah Telecommunications Company (NASDAQ:SHEN) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Thursday, May 11th. The firm currently has a $36.00 price objective on the utilities provider’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 12.68% from the stock’s previous close.

SHEN has been the subject of several other reports. FBR & Co reissued a “buy” rating and issued a $35.00 price objective on shares of Shenandoah Telecommunications Company in a research report on Friday, February 3rd. TheStreet raised Shenandoah Telecommunications Company from a “c+” rating to a “b” rating in a research report on Wednesday, March 22nd. Shares of Shenandoah Telecommunications Company (NASDAQ:SHEN) opened at 31.95 on Thursday. Shenandoah Telecommunications Company has a 1-year low of $22.05 and a 1-year high of $42.66. The firm has a 50-day moving average price of $31.35 and a 200-day moving average price of $28.71. The company’s market capitalization is $1.57 billion.

A number of hedge funds have recently modified their holdings of SHEN. Capital Fund Management S.A. bought a new stake in shares of Shenandoah Telecommunications Company during the third quarter worth approximately $539,000. Mutual of America Capital Management LLC raised its stake in shares of Shenandoah Telecommunications Company by 31.3% in the third quarter. Mutual of America Capital Management LLC now owns 199,969 shares of the utilities provider’s stock worth $5,441,000 after buying an additional 47,645 shares in the last quarter. BlackRock Fund Advisors raised its stake in shares of Shenandoah Telecommunications Company by 8.0% in the third quarter. BlackRock Fund Advisors now owns 2,170,266 shares of the utilities provider’s stock worth $59,053,000 after buying an additional 159,881 shares in the last quarter. Teachers Advisors LLC raised its stake in shares of Shenandoah Telecommunications Company by 1.6% in the third quarter. Teachers Advisors LLC now owns 75,872 shares of the utilities provider’s stock worth $2,064,000 after buying an additional 1,165 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in shares of Shenandoah Telecommunications Company by 3.0% in the third quarter. Rhumbline Advisers now owns 49,066 shares of the utilities provider’s stock worth $1,335,000 after buying an additional 1,420 shares in the last quarter. 47.84% of the stock is owned by hedge funds and other institutional investors. 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:SHEN”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”}); Get a free copy of the Zacks research report on Shenandoah Telecommunications Company (SHEN)

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