In a report released today, Hamed Khorsand from BWS Financial maintained a Sell rating on Shenandoah Telecommunications Co (SHEN – Research Report), with a price target of $15.00. The company’s shares closed last Friday at $20.81.
Khorsand covers the Technology sector, focusing on stocks such as ATN International, Netgear, and Shenandoah Telecommunications Co. According to TipRanks, Khorsand has an average return of 10.0% and a 53.49% success rate on recommended stocks.
Currently, the analyst consensus on Shenandoah Telecommunications Co is a Moderate Sell with an average price target of $15.00.
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Based on Shenandoah Telecommunications Co’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $66.92 million and a GAAP net loss of $2.73 million. In comparison, last year the company earned a revenue of $87.25 million and had a net profit of $101.44 million
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Shenandoah Telecommunications Co. operates as a holding company, which engages in the provision of regulated and unregulated telecommunication services to end-user customers and other telecommunications providers. It offers voice, video and data communications services. It operates through the following segments: Wireless, Broadband and Tower. The Wireless segment provides digital wireless telephone and data network services. The Broadband segment provides broadband, video and voice services to residential and commercial customers in portions of Virginia, West Virginia, Maryland, and Kentucky, via fiber optic and hybrid fiber coaxial (HFC) cable. The Tower segment leases space on 225 owned cell towers. The company was founded in 1902 and is headquartered in Edinburg, VA.
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