Shenandoah Telecommunications Co (SHEN) Shares are Up 2.62%

Shenandoah Telecommunications Co (SHEN) : Traders are bullish on Shenandoah Telecommunications Co (SHEN) as it has outperformed the S&P 500 by a wide margin of 2.97% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.08%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.62% in the last 1 week, and is up 0.88% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 1.59% and the 50-Day Moving Average is 20.01%.The 200 Day SMA reached 6.87% Shenandoah Telecommunications Co. has dropped 24.49% during the last 3-month period . Year-to-Date the stock performance stands at 21.9%.


Shenandoah Telecommunications Co (SHEN) : The highest level Shenandoah Telecommunications Co (SHEN) is projected to reach is $50 for the short term and the lowest estimate is at $33. The consolidated price target from 4 rating analysts who initiate coverage on the stock is $42 and the possibility the share price can swing is $9.27.

For the current week, the company shares have a recommendation consensus of Buy. Shenandoah Telecommunications Co (NASDAQ:SHEN): stock was range-bound between the intraday low of $25.99 and the intraday high of $26.44 after having opened at $26.39 on Fridays session. The stock finally closed in the red at $26.39, a loss of -0.27%. The stock remained in the red for the whole trading day. The total traded volume was 1,109,073 shares. The stock failed to cross $26.44 in Fridays trading. The stocks closing price on Thursday was $26.24.

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.

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