Shenandoah Telecommunications Company (SHEN) was Downgraded by Raymond James to ” Mkt Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. Raymond James advised their investors in a research report released on Jun 9, 2016.
Many Wall Street Analysts have commented on Shenandoah Telecommunications Company. Company shares were Reiterated by FBR Capital on May 2, 2016 to “Outperform”, Firm has raised the Price Target to $ 31 from a previous price target of $30 .Shenandoah Telecommunications Company was Initiated by Macquarie to “Neutral” on Apr 5, 2016.
Shenandoah Telecommunications Company opened for trading at $34.73 and hit $35.87 on the upside on Tuesday, eventually ending the session at $35.59, with a gain of 3.25% or 1.12 points. The heightened volatility saw the trading volume jump to 2,57,187 shares. Company has a market cap of $1,736 M.
In a different news, on May 23, 2016, James E Ii Zerkel (director) sold 20,000 shares at $24.81 per share price. According to the SEC, on May 11, 2016, Raymond B Ostroski (VP Legal & General Counsel) sold 2,000 shares at $30.32 per share price. On Mar 30, 2016, Earle A Mackenzie (Executive Vice President) sold 49,890 shares at $25.70 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 Companys 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.