Shenandoah Telecommunications (NASDAQ:SHEN) VP Raymond B. Ostroski sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $45.76, for a total transaction of $457,600.00. Following the transaction, the vice president now owns 18,575 shares of the company’s stock, valued at approximately $849,992. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
NASDAQ SHEN opened at $46.38 on Friday. The company has a debt-to-equity ratio of 1.70, a current ratio of 2.37 and a quick ratio of 2.31. The company has a market cap of $2.32 billion, a P/E ratio of 49.87 and a beta of 0.48. Shenandoah Telecommunications has a 52 week low of $29.92 and a 52 week high of $51.41.
Shenandoah Telecommunications (NASDAQ:SHEN) last posted its quarterly earnings data on Thursday, February 28th. The utilities provider reported $0.30 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.01). Shenandoah Telecommunications had a return on equity of 10.05% and a net margin of 6.88%. Research analysts forecast that Shenandoah Telecommunications will post 1.32 earnings per share for the current fiscal year.
Several research firms recently commented on SHEN. Zacks Investment Research lowered shares of Shenandoah Telecommunications from a “hold” rating to a “sell” rating in a research note on Wednesday. BidaskClub lowered shares of Shenandoah Telecommunications from a “buy” rating to a “hold” rating in a research note on Wednesday, February 27th. B. Riley boosted their price objective on shares of Shenandoah Telecommunications from $50.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. Finally, BWS Financial reiterated a “buy” rating on shares of Shenandoah Telecommunications in a research note on Monday, January 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $52.50.
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About Shenandoah Telecommunications
Shenandoah Telecommunications Company, through its subsidiaries, provides regulated and unregulated telecommunications services to customers and other telecommunications providers in central and western Virginia, south-central Pennsylvania, West Virginia, Maryland, North Carolina, Kentucky, Tennessee, and Ohio.
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