Price Action Don’t Lie: Shenandoah Telecommunications Company Has Another Very Strong Trading Session

Price Action Don't Lie: Shenandoah Telecommunications Company Has Another Very Strong Trading Session

The stock of Shenandoah Telecommunications Company (NASDAQ:SHEN) is a huge mover today! About 215,935 shares traded hands or 3.06% up from the average. Shenandoah Telecommunications Company (NASDAQ:SHEN) has declined 4.67% since April 5, 2016 and is downtrending. It has underperformed by 6.63% the S&P500.
The move comes after 9 months positive chart setup for the $1.10 billion company. It was reported on Nov, 8 by Barchart.com. We have $40.76 PT which if reached, will make NASDAQ:SHEN worth $759.00 million more.

Shenandoah Telecommunications Company (NASDAQ:SHEN) Ratings Coverage

Out of 4 analysts covering Shenandoah Telecommunications Co (NASDAQ:SHEN), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. Shenandoah Telecommunications Co has been the topic of 10 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Monday, May 2 by FBR Capital. The firm earned “Market Perform” rating on Thursday, June 9 by Raymond James. The firm earned “Neutral” rating on Wednesday, August 12 by Macquarie Research. The stock of Shenandoah Telecommunications Company (NASDAQ:SHEN) has “Buy” rating given on Thursday, February 4 by BWS Financial. The stock has “Outperform” rating given by Raymond James on Tuesday, August 16. The firm earned “Outperform” rating on Tuesday, November 8 by FBR Capital. The firm earned “Market Perform” rating on Tuesday, August 11 by FBR Capital. Raymond James upgraded the shares of SHEN in a report on Thursday, August 27 to “Market Perform” rating. The stock of Shenandoah Telecommunications Company (NASDAQ:SHEN) earned “Neutral” rating by Macquarie Research on Tuesday, April 5.

According to Zacks Investment Research, “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.”

Insitutional Activity: The institutional sentiment decreased to 1 in Q2 2016. Its down 5.05, from 6.05 in 2016Q1. The ratio fall, as 11 funds sold all Shenandoah Telecommunications Company shares owned while 47 reduced positions. 18 funds bought stakes while 40 increased positions. They now own 20.37 million shares or 49.14% less from 40.06 million shares in 2016Q1.
Ameriprise Financial Inc holds 0.01% of its portfolio in Shenandoah Telecommunications Company (NASDAQ:SHEN) for 279,677 shares. Evanston Invs Incorporated Dba Evanston accumulated 109,342 shares or 1.39% of the stock. Cambridge Investment Research Advsrs Incorporated holds 0.01% or 14,842 shares in its portfolio. Schwab Charles Investment Management Inc holds 171,810 shares or 0.01% of its portfolio. Wells Fargo Mn last reported 40,772 shares in the company. C M Bidwell Ltd has 0.03% invested in the company for 2,955 shares. Pub Employees Retirement Association Of Colorado owns 12,678 shares or 0% of their US portfolio. Alliancebernstein Lp, a New York-based fund reported 77,734 shares. Jacobs Levy Equity has invested 0.01% of its portfolio in Shenandoah Telecommunications Company (NASDAQ:SHEN). Menta Capital Ltd Co holds 32,809 shares or 0.18% of its portfolio. Deutsche Fincl Bank Ag has 0% invested in the company for 11,538 shares. Goldman Sachs Group holds 0% or 70,335 shares in its portfolio. Teton Advsrs Inc holds 1.73% of its portfolio in Shenandoah Telecommunications Company (NASDAQ:SHEN) for 490,000 shares. Dupont Capital Management has 34,856 shares for 0.03% of their US portfolio. Blackrock Incorporated accumulated 0% or 4,520 shares.

Insider Transactions: Since May 10, 2016, the stock had 1 buy, and 0 insider sales for $3,327 net activity. $60,636 worth of shares were sold by OSTROSKI RAYMOND B on Tuesday, May 10. On Tuesday, August 9 the insider SCHULTZ LEIGH ANN bought $3,327.

More notable recent Shenandoah Telecommunications Company (NASDAQ:SHEN) news were published by: Globenewswire.com which released: “Shenandoah Telecommunications Company Reports Third Quarter 2016 Revenue …” on November 07, 2016, also Globenewswire.com with their article: “Shenandoah Telecommunications Company Announces Increased Dividend” published on October 18, 2016, Globenewswire.com published: “Shenandoah Telecommunications Company to Hold its Second Quarter 2016 Earnings …” on July 29, 2016. More interesting news about Shenandoah Telecommunications Company (NASDAQ:SHEN) were released by: Globenewswire.com and their article: “Shenandoah Telecommunications Company Reports Second Quarter 2016 Revenue of …” published on August 05, 2016 as well as Globenewswire.com‘s news article titled: “Leigh Ann Schultz Elected to Board of Directors of Shenandoah …” with publication date: July 20, 2016.

SHEN Company Profile

Shenandoah Telecommunications Company, incorporated on May 3, 1989, is a telecommunications holding company. The Company, through its subsidiaries, provides both regulated and unregulated telecommunications services to end user clients and other telecommunications providers in Virginia, West Virginia, central Pennsylvania and western Maryland. The Firm operates through four divisions: Wireless, Cable, Wireline and Other. The Firm offers a suite of voice, video and data communications services based on the services and products provided by its subsidiaries. The Company’s subsidiaries include Shenandoah Telephone Company, NTELOS Holdings Corp. (nTelos) and Shenandoah Cable Television, LLC (Shenandoah Cable).

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