Shenandoah Telecommunications Co/va/ (SHEN): James E Ii Zerkel , director of Shenandoah Telecommunications Co/va/ sold 1,500 shares on Jun 27, 2016. The Insider selling transaction was reported by the company on Jun 27, 2016 to the Securities and Exchange Commission. The shares were sold at $36.46 per share for a total value of $54,683.70 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 23, 2016, Douglas C Arthur (director) sold 9,000 shares at $36.09 per share price.On Jun 22, 2016, Thomas A Whitaker (SR VP – Operations) sold 3,000 shares at $36.00 per share price.Also, On May 23, 2016, James E Ii Zerkel (director) sold 20,000 shares at $24.81 per share price.On May 11, 2016, Raymond B Ostroski (VP Legal & General Counsel) sold 2,000 shares at $30.32 per share price.
Shares of Shenandoah Telecommunications Company (SHEN) ended Friday, Jun 24, 2016 session in red amid volatile trading. The shares closed down -0.59 points or -1.61% at $35.97 with 6,18,881 shares getting traded. Post opening the session at $34.97, the shares hit an intraday low of $34.49 and an intraday high of $36.4 and the price vacillated in this range throughout the day. The company has a market cap of $1,754 M and the number of outstanding shares has been calculated to be 4,87,68,965 shares. The 52-week high of Shenandoah Telecommunications Company is $36.72 and the 52-week low is $15.675.
Company has been under the radar of several Street Analysts.Shenandoah Telecommunications Company is Downgraded by Raymond James to Mkt Perform. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Jun 9, 2016.Shenandoah Telecommunications Company is Reiterated by FBR Capital to Outperform and the brokerage firm has raised the Price Target to $ 31 from a previous price target of $30 .The Rating was issued on May 2, 2016.Shenandoah Telecommunications Company is Initiated by Macquarie to Neutral. The Rating was issued on Apr 5, 2016.
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.