Shenandoah Telecommunications Company (SHEN) is Reiterated by FBR Capital to Outperform, Raises Price Target to $ 31

Shenandoah Telecommunications Company (SHEN) was Reiterated by FBR Capital to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 31 from a previous price target of $30 . FBR Capital advised their investors in a research report released on May 2, 2016.

Many Wall Street Analysts have commented on Shenandoah Telecommunications Company. Shenandoah Telecommunications Company was Initiated by Macquarie to “Neutral” on Apr 5, 2016. Company shares were Reiterated by FBR Capital on Mar 9, 2016 to “Outperform”, Firm has raised the Price Target to $ 30 from a previous price target of $20 .BWS Financial Initiated Shenandoah Telecommunications Company on Feb 4, 2016 to “Buy”, Price Target of the shares are set at $35.

Shenandoah Telecommunications Company closed down -0.09 points or -0.32% at $27.75 with 99,407 shares getting traded on Wednesday. Post opening the session at $27.97, the shares hit an intraday low of $27.51 and an intraday high of $28.16 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Mar 30, 2016, Earle A Mackenzie (Executive Vice President) sold 49,890 shares at $25.70 per share price. According to the SEC, on Sep 24, 2015, Adele M Skolits (VP Finance &Treasurer) sold 2,500 shares at $43.30 per share price. On Mar 31, 2015, Tracy Fitzsimmons (director) sold 4 shares at $29.07 per share price, according to the Form-4 filing with the securities and exchange commission.

Shenandoah Telecommunications Company is a diversified telecommunications holding company. The Company provides both regulated and unregulated telecommunications services to end user customers and other telecommunications providers in Virginia West Virginia central Pennsylvania and western Maryland. The Company operates in four segments: Wireless Cable Wireline and Other. The Company’s Wireless segment provides digital wireless service to a portion of a four-state area covering the region from Harrisburg York and Altoona Pennsylvania to Harrisonburg Virginia. The Cable segment provides video Internet and voice services in franchise areas in portions of Virginia West Virginia and western Maryland. The Wireline segment provides regulated and unregulated voice services digital subscriber lines (DSL) Internet access and long distance access services. The Other segment includes operations of Shenandoah Telecommunications Company.

Shenandoah Telecommunications Company

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