Somewhat Positive News Coverage Somewhat Unlikely to Affect Shenandoah Telecommunications (SHEN) Stock Price
News stories about Shenandoah Telecommunications (NASDAQ:SHEN) have been trending somewhat positive on Thursday, according to Accern. The research group identifies positive and negative media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Shenandoah Telecommunications earned a daily sentiment score of 0.24 on Accern’s scale. Accern also gave news headlines about the utilities provider an impact score of 45.4431418689919 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media stories that may have effected Accern Sentiment’s scoring:
- Shentel Completes nTelos Upgrades Early (dnronline.com)
- Shentel Announces Completion of the Transformation of nTelos into the Sprint Affiliate Model (finance.yahoo.com)
Shares of Shenandoah Telecommunications (NASDAQ:SHEN) remained flat at $40.20 during mid-day trading on Thursday. The company had a trading volume of 129,386 shares. Shenandoah Telecommunications has a 1-year low of $22.05 and a 1-year high of $41.80. The company’s market capitalization is $1.97 billion. The stock’s 50 day moving average price is $36.35 and its 200 day moving average price is $32.31.
Shenandoah Telecommunications (NASDAQ:SHEN) last released its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.06. The company had revenue of $153.30 million for the quarter, compared to the consensus estimate of $153.83 million. Shenandoah Telecommunications had a positive return on equity of 5.43% and a negative net margin of 0.89%. The firm’s revenue was up 17.7% compared to the same quarter last year. Equities research analysts predict that Shenandoah Telecommunications will post $0.11 earnings per share for the current year.
SHEN has been the topic of a number of research reports. BidaskClub upgraded Shenandoah Telecommunications from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Zacks Investment Research cut Shenandoah Telecommunications from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Finally, ValuEngine upgraded Shenandoah Telecommunications from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Shenandoah Telecommunications has an average rating of “Buy” and an average price target of $35.00.
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In other Shenandoah Telecommunications news, insider Earle A. Mackenzie sold 46,000 shares of Shenandoah Telecommunications stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $38.93, for a total transaction of $1,790,780.00. Following the sale, the insider now directly owns 118,047 shares of the company’s stock, valued at $4,595,569.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.24% of the stock is currently owned by insiders.
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.
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