Somewhat Positive Media Coverage Somewhat Unlikely to Affect Shenandoah Telecommunications (SHEN) Share Price

Media coverage about Shenandoah Telecommunications (NASDAQ:SHEN) has trended somewhat positive on Wednesday, Accern Sentiment reports. Accern identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Shenandoah Telecommunications earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned news coverage about the utilities provider an impact score of 46.2225928181402 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

These are some of the news articles that may have impacted Accern’s analysis:

Shenandoah Telecommunications (SHEN) opened at $37.05 on Wednesday. Shenandoah Telecommunications has a one year low of $25.35 and a one year high of $41.80. The company has a market capitalization of $1,860.00, a P/E ratio of 151.90 and a beta of 0.68. The company has a debt-to-equity ratio of 2.60, a quick ratio of 1.28 and a current ratio of 1.34.

Shenandoah Telecommunications (NASDAQ:SHEN) last announced its quarterly earnings results on Thursday, November 2nd. The utilities provider reported $0.07 EPS for the quarter, beating 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 company had revenue of $151.80 million during the quarter, compared to analyst estimates of $153.64 million. During the same period in the prior year, the company earned ($0.16) earnings per share. The firm’s revenue was down 3.2% on a year-over-year basis. equities analysts anticipate that Shenandoah Telecommunications will post 0.16 EPS for the current year.

The company also recently declared an annual dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 3rd were paid a dividend of $0.26 per share. The ex-dividend date was Thursday, November 2nd. This is a positive change from Shenandoah Telecommunications’s previous annual dividend of $0.25. This represents a yield of 0.65%. Shenandoah Telecommunications’s dividend payout ratio is presently 236.36%.

Several analysts recently issued reports on SHEN shares. Zacks Investment Research cut Shenandoah Telecommunications from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. BidaskClub upgraded Shenandoah Telecommunications from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. ValuEngine upgraded Shenandoah Telecommunications from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. Finally, TheStreet lowered Shenandoah Telecommunications from a “b-” rating to a “c+” rating in a research note on Friday, November 10th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $35.00.

In related news, insider Earle A. Mackenzie sold 46,000 shares of the 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 completion of the transaction, the insider now directly owns 118,047 shares of the company’s stock, valued at $4,595,569.71. The sale was disclosed in a filing with the SEC, which is available through this link. 7.24% of the stock is currently owned by corporate insiders.

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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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