Shenandoah Telecommunications Company (SHEN) is Upgraded by Raymond James to Outperform

Shenandoah Telecommunications Company (SHEN) was Upgraded by Raymond James to ” Outperform”. Earlier the firm had a rating of “Mkt Perform ” on the company shares. Raymond James advised their investors in a research report released on Aug 16, 2016.

Many Wall Street Analysts have commented on Shenandoah Telecommunications Company. Company shares were Downgraded by FBR Capital on Aug 8, 2016 to ” Mkt Perform”, Firm has raised the Price Target to $ 35 from a previous price target of $31 .Shenandoah Telecommunications Company was Downgraded by Raymond James to ” Mkt Perform” on Jun 9, 2016.

Shenandoah Telecommunications Company closed down -0.93 points or -3.29% at $27.32 with 3,53,286 shares getting traded on Monday. Post opening the session at $28.25, the shares hit an intraday low of $27.22 and an intraday high of $28.4299 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Aug 10, 2016, Leigh Ann Schultz (director) purchased 106 shares at $31.39 per share price. According to the SEC, on Jun 27, 2016, James E Ii Zerkel (director) sold 1,500 shares at $36.46 per share price. On Jun 23, 2016, Douglas C Arthur (director) sold 9,000 shares at $36.09 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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