Shenandoah Telecommunications Company, together with its subsidiaries, provides a range of broadband communication services and cell tower colocation space in the Mid-Atlantic portion of the United States. Its Broadband segment offers broadband, video, and voice services to residential and commercial customers in Virginia, West Virginia, Maryland, Pennsylvania, and Kentucky, via hybrid fiber coaxial cable under the Shentel brand, fiber optic services under the Glo Fiber brand, and fixed wireless network services under the Beam brand name. This segment also leases fiber and provides Ethernet and wavelength fiber optic services; and voice and digital subscriber line telephone services. The company's Tower segment owns 225 cell towers and leases colocation space on the towers. Shenandoah Telecommunications Company was founded in 1902 and is based in Edinburg, Virginia.
IPO Year:
Exchange: NASDAQ
Website: shentel.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/4/2024 | $26.00 | Neutral → Buy | BWS Financial |
| 8/4/2023 | $20.00 | Sell → Neutral | BWS Financial |
| 6/28/2022 | Strong Buy → Mkt Perform | Raymond James | |
| 5/3/2022 | $25.00 | Outperform → Strong Buy | Raymond James |
| 5/2/2022 | $29.00 → $21.00 | Buy → Neutral | B. Riley Securities |
| 3/2/2022 | $26.25 → $16.00 | Neutral → Sell | BWS Financial |
| 3/2/2022 | $29.00 → $25.00 | Outperform | Raymond James |
| 12/14/2021 | $29.00 | Market Perform → Outperform | Raymond James |
| 8/18/2021 | $34.00 → $41.00 | Neutral → Buy | B. Riley Securities |
| 8/4/2021 | Underperform → Market Perform | Raymond James |
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EDINBURG, Va., July 31, 2024 (GLOBE NEWSWIRE) -- Shenandoah Telecommunications Company (Shentel) (NASDAQ:SHEN) announced the appointment of Michael A. Rhymes to its board of directors and to its Audit Committee on July 30, 2024. Mr. Rhymes is the Chief Information Officer at Entergy (NYSE:ETR), which he joined in 2021. He is responsible for all of Entergy's information technology systems, with a focus on delivering high value and innovative IT solutions via reliable, cost-effective and secure IT services. Prior to joining Entergy, Mr. Rhymes was the Chief Information Officer at Gates Corporation where he developed the global information technology strategy and built the global IT organiza
EDINBURG, Va., Feb. 23, 2022 (GLOBE NEWSWIRE) -- Shenandoah Telecommunications Company (Shentel) (NASDAQ:SHEN) announced the appointment of Victor C. Barnes to its board of directors and to its Audit Committee on February 22, 2022. Mr. Barnes is currently the Chief of Connected Planning for Anaplan, a publicly traded business planning software company. Prior to joining Anaplan in February 2021, Mr. Barnes served The Coca-Cola Company since 1994, where he first served as an auditor and then held numerous executive financial roles, across multiple business units and countries, last serving as the Global Chief Financial Officer of their McDonald's Division. Mr. Barnes began his professional
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BWS Financial upgraded Shenandoah Telecom from Neutral to Buy and set a new price target of $26.00
BWS Financial upgraded Shenandoah Telecom from Sell to Neutral and set a new price target of $20.00
Raymond James downgraded Shenandoah Telecom from Strong Buy to Mkt Perform
Raymond James upgraded Shenandoah Telecom from Outperform to Strong Buy and set a new price target of $25.00
B. Riley Securities downgraded Shenandoah Telecom from Buy to Neutral and set a new price target of $21.00 from $29.00 previously
BWS Financial downgraded Shenandoah Telecom from Neutral to Sell and set a new price target of $16.00 from $26.25 previously
Raymond James reiterated coverage of Shenandoah with a rating of Outperform and set a new price target of $25.00 from $29.00 previously
Raymond James upgraded Shenandoah from Market Perform to Outperform and set a new price target of $29.00
B. Riley Securities upgraded Shenandoah from Neutral to Buy and set a new price target of $41.00 from $34.00 previously
Raymond James upgraded Shenandoah from Underperform to Market Perform
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EDINBURG, Va., July 17, 2025 (GLOBE NEWSWIRE) -- Shenandoah Telecommunications Company (Shentel) (NASDAQ:SHEN) will release its second quarter 2025 financial results after the market closes on Thursday, July 31, 2025, and will host a conference call and simultaneous webcast on the same day at 4:30 p.m. Eastern Time to discuss Shentel's financial results and business highlights. Date: July 31, 2025Time: 4:30 PM ET Listen via Internet: https://investor.shentel.com/ For Analysts, please register to dial-in at this link. A replay of the call will be available for a limited time on the Investor Relations page of the Company's website. About Shenandoah Telecommunications Company Shenandoah
EDINBURG, Va., April 30, 2025 (GLOBE NEWSWIRE) -- Shenandoah Telecommunications Company ("Shentel" or the "Company") (NASDAQ:SHEN) announced first quarter 2025 financial and operating results. First Quarter 2025 Highlights Glo Fiber Expansion Markets1 data subscribers grew 51% over the same period in 2024 to approximately 71,000.Glo Fiber Expansion Markets revenue grew 52% to $18.4 million.Total revenue grew 26.9% compared to the same period in 2024 to $87.9 million. Excluding the former Horizon markets, total revenue grew 5% to $72.9 million.Net loss from continuing operations was $9.1 million in the first quarter of 2025 compared with a net loss from continuing operations of $4.1 milli
EDINBURG, Va., April 21, 2025 (GLOBE NEWSWIRE) -- Shenandoah Telecommunications Company (Shentel) (NASDAQ:SHEN) will release its first quarter 2025 financial results before the market opens on Wednesday, April 30, 2025, and will host a conference call and simultaneous webcast on the same day at 8:30 a.m. Eastern Time to discuss Shentel's financial results and business highlights. Date: April 30, 2025Time: 8:30 AM ET Listen via Internet: https://investor.shentel.com/ For Analysts, please register to dial-in at this link. A replay of the call will be available for a limited time on the Investor Relations page of the Company's website. About Shenandoah Telecommunications Company Shenand
EDINBURG, Va., Feb. 20, 2025 (GLOBE NEWSWIRE) -- Shenandoah Telecommunications Company ("Shentel") (NASDAQ:SHEN) announced fourth quarter and full year 2024 financial and operating results. 2024 Highlights Glo Fiber Expansion Markets data customers grew 56% year-over-year to over 65,000.Glo Fiber Expansion Markets passings grew by approximately 112,400, or 48%, to approximately 346,000.Glo Fiber Expansion Markets revenue grew 65% or $22.8 million to $57.9 million.Completed the integration of Horizon Telcom ("Horizon") in the fourth quarter. Annual run-rate synergy savings expected to reach $13.8 million by the beginning of second quarter 2025. "2024 was a pivotal year as we successfully
EDINBURG, Va., Feb. 12, 2025 (GLOBE NEWSWIRE) -- Shenandoah Telecommunications Company (Shentel) (NASDAQ:SHEN) will release its fourth quarter and full year 2024 financial results before the market opens on Thursday, February 20, 2025, and will host a conference call and simultaneous webcast on the same day at 8:30 a.m. Eastern Time to discuss Shentel's financial results and business highlights. Date: February 20, 2025Time: 8:30 AM ET Listen via Internet: https://investor.shentel.com/ For Analysts, please register to dial-in at this link. A replay of the call will be available for a limited time on the Investor Relations page of the Company's website. About Shenandoah Telecommunicatio
EDINBURG, Va., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Shenandoah Telecommunications Company ("Shentel" or the "Company") (NASDAQ:SHEN) announced third quarter 2024 financial and operating results. Third Quarter 2024 Highlights Glo Fiber Expansion Markets1 experienced growth in a number of key metrics: Added approximately 6,000 subscribers in the third quarter of 2024, ending the quarter with over 59,000 subscribers.Passings grew approximately 22,000 to a total of approximately 320,000.Revenue grew $5.8 million or 62% to $15.1 million compared to the same period in 2023. Excluding Horizon markets, revenue grew 56% over the same period in 2023. Integration of Horizon ahead of schedule and on tr
EDINBURG, Va., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Shenandoah Telecommunications Company (Shentel) (NASDAQ:SHEN) will release its third quarter 2024 financial results before the market opens on Thursday, November 7, 2024, and will host a conference call and simultaneous webcast on the same day at 8:00 a.m. Eastern Time to discuss Shentel's financial results and business highlights. Date: November 7, 2024 Time: 8:00 AM ET Listen via Internet: https://investor.shentel.com/ For Analysts, please register to dial-in at this link. A replay of the call will be available for a limited time on the Investor Relations page of the Company's website. About Shenandoah Telecommuni
EDINBURG, Va., Oct. 23, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Shenandoah Telecommunications Company (Shentel) (NASDAQ:SHEN) declared a cash dividend of $0.10 per share. The dividend will be payable December 2, 2024, to shareholders of record as of the close of business on November 5, 2024. This dividend is an increase of $0.01 per share or 11.1% over the December 2023 dividend and will be Shentel's sixty-fifth consecutive year of annual dividends. "We are pleased to announce an increase in the annual dividend, demonstrating our confidence in the long-term growth prospects of our Glo Fiber expansion plans." said President and CEO Christopher E. French. About Shen
EDINBURG, Va., Aug. 07, 2024 (GLOBE NEWSWIRE) -- Shenandoah Telecommunications Company ("Shentel" or the "Company") (NASDAQ:SHEN) announced second quarter 2024 financial and operating results. Second Quarter 2024 Highlights On April 1, 2024, Shentel completed its previously announced acquisition of Horizon Acquisition Parent LLC ("Horizon") for approximately $385 million, which consisted of $305 million in cash and 4.1 million shares of Shentel's common stock issued to a selling shareholder of Horizon ("Horizon Transaction"). Cash consideration paid also included purchase price adjustments for capital expenditure reimbursements and working capital subject to subsequent adjustments as def
EDINBURG, Va., July 22, 2024 (GLOBE NEWSWIRE) -- Shenandoah Telecommunications Company (Shentel) (NASDAQ:SHEN) will release its second quarter 2024 financial results before the market opens on Wednesday, August 7, 2024, and will host a conference call and simultaneous webcast on the same day at 8:30 a.m. Eastern Time to discuss Shentel's financial results and business highlights. Date: August 7, 2024Time: 8:30 AM ET Listen via Internet: https://investor.shentel.com/ For Analysts, please register to dial-in at this link. A replay of the call will be available for a limited time on the Investor Relations page of the Company's website. About Shenandoah Telecommunications Company Shenand
EDINBURG, Va., July 17, 2025 (GLOBE NEWSWIRE) -- Shenandoah Telecommunications Company (Shentel) (NASDAQ:SHEN) will release its second quarter 2025 financial results after the market closes on Thursday, July 31, 2025, and will host a conference call and simultaneous webcast on the same day at 4:30 p.m. Eastern Time to discuss Shentel's financial results and business highlights. Date: July 31, 2025Time: 4:30 PM ET Listen via Internet: https://investor.shentel.com/ For Analysts, please register to dial-in at this link. A replay of the call will be available for a limited time on the Investor Relations page of the Company's website. About Shenandoah Telecommunications Company Shenandoah
EDINBURG, Va., July 15, 2025 (GLOBE NEWSWIRE) -- Glo Fiber, powered by Shenandoah Telecommunications Company ("Shentel") (NASDAQ:SHEN), announced they have reached agreements to deploy fiber-to-the-home (FTTH) broadband services to Hallam Borough, Hellam Township and Wrightsville Borough in York County, Pennsylvania. Glo Fiber will bring their future-proof, 100% fiber network to over 2,000 homes and businesses in the area, adding to already available 27,000 homes and businesses throughout the County. Engineering work in these new areas is currently underway, and construction will be completed in 2026. "Hallam Borough is excited to announce the expansion of Glo Fiber to our community," sta
EDINBURG, Va., July 08, 2025 (GLOBE NEWSWIRE) -- Glo Fiber, powered by Shenandoah Telecommunications Company ("Shentel") (NASDAQ:SHEN), announced they have reached an agreement to deploy fiber-to-the-home (FTTH) broadband services to over 2,600 additional homes in Frederick County, Maryland in the towns of New Market and Walkersville. Glo Fiber's future-proof, reliable high-speed internet service is already available to more than 15,000 homes and businesses in the Frederick market, and construction is scheduled to be completed in 2026. This expansion is a testament to Glo Fiber's mission to bring state-of-the-art fiber broadband service and internet choice to smaller cities and towns.
EDINBURG, Va., July 02, 2025 (GLOBE NEWSWIRE) -- Glo Fiber, powered by Shenandoah Telecommunications Company ("Shentel") (NASDAQ:SHEN), has launched their 100% fiber optic broadband service in initial neighborhoods in Hillsboro, Ohio. Construction began earlier this year and is expected to be completed in early 2026, providing over 3,000 homes and businesses with a reliable, future-proof option for high-speed internet service. As construction continues, residents will receive advance notice via mail, and they can check availability or sign up for service at www.glofiber.com/en/local/oh/hillsboro. "The City of Hillsboro is a growing community that recognizes the benefits of strong infrastr
EDINBURG, Va., June 20, 2025 (GLOBE NEWSWIRE) -- Shenandoah Telecommunications Company (("Shentel", NASDAQ:SHEN) announced plans to expand Glo Fiber service in Blacksburg, Virginia with a definitive agreement to acquire the assets and operations of Blacksburg Broadband LLC, which operates under the name WideOpen Blacksburg. The acquisition is anticipated to be complete by early to mid-July. WideOpen Blacksburg's President, Dr. Andrew Cohill, stated, "I am confident that Glo Fiber is going to provide outstanding customer service and great fiber-delivered Internet to our customers. We anticipate a smooth transition to Glo Fiber starting in July." "We are excited to invest in and build upon
EDINBURG, Va., June 10, 2025 (GLOBE NEWSWIRE) -- Glo Fiber, powered by Shenandoah Telecommunications Company ("Shentel") (NASDAQ:SHEN), has opened a new Williamsburg, Virginia retail store for ultra-fast fiber internet service. A grand opening event is scheduled for June 12th from 4 p.m. to 6 p.m. in Midtown Row on Monticello Avenue. The Tide 92.3 FM will be appearing at the store with special Glo Fiber offers and chances to win concert tickets and other prizes. Glo Fiber internet, streaming TV, and voice services are already available to over 18,000 homes and businesses in the Williamsburg market, and construction to several thousand additional locations is planned by the end of the year
EDINBURG, Va., April 30, 2025 (GLOBE NEWSWIRE) -- Shenandoah Telecommunications Company ("Shentel" or the "Company") (NASDAQ:SHEN) announced first quarter 2025 financial and operating results. First Quarter 2025 Highlights Glo Fiber Expansion Markets1 data subscribers grew 51% over the same period in 2024 to approximately 71,000.Glo Fiber Expansion Markets revenue grew 52% to $18.4 million.Total revenue grew 26.9% compared to the same period in 2024 to $87.9 million. Excluding the former Horizon markets, total revenue grew 5% to $72.9 million.Net loss from continuing operations was $9.1 million in the first quarter of 2025 compared with a net loss from continuing operations of $4.1 milli
EDINBURG, Va., April 21, 2025 (GLOBE NEWSWIRE) -- Shenandoah Telecommunications Company (Shentel) (NASDAQ:SHEN) will release its first quarter 2025 financial results before the market opens on Wednesday, April 30, 2025, and will host a conference call and simultaneous webcast on the same day at 8:30 a.m. Eastern Time to discuss Shentel's financial results and business highlights. Date: April 30, 2025Time: 8:30 AM ET Listen via Internet: https://investor.shentel.com/ For Analysts, please register to dial-in at this link. A replay of the call will be available for a limited time on the Investor Relations page of the Company's website. About Shenandoah Telecommunications Company Shenand
EDINBURG, Va., April 09, 2025 (GLOBE NEWSWIRE) -- Glo Fiber, powered by Shenandoah Telecommunications Company ("Shentel") (NASDAQ:SHEN), announced they have reached an agreement to deploy fiber-to-the-home (FTTH) broadband services to Dover Township and Dover Borough in York County, Pennsylvania. Glo Fiber will bring their future-proof, 100% fiber network to approximately 7,000 homes and businesses in the area, adding to the 23,000 homes and businesses throughout the County with Glo Fiber service already available. Construction in the Dover area is slated to begin later this year. "Dover Township anticipates Glo Fiber's advanced fiber-optic Internet service in our community will afford
EDINBURG, Va., Feb. 20, 2025 (GLOBE NEWSWIRE) -- Shenandoah Telecommunications Company ("Shentel") (NASDAQ:SHEN) announced fourth quarter and full year 2024 financial and operating results. 2024 Highlights Glo Fiber Expansion Markets data customers grew 56% year-over-year to over 65,000.Glo Fiber Expansion Markets passings grew by approximately 112,400, or 48%, to approximately 346,000.Glo Fiber Expansion Markets revenue grew 65% or $22.8 million to $57.9 million.Completed the integration of Horizon Telcom ("Horizon") in the fourth quarter. Annual run-rate synergy savings expected to reach $13.8 million by the beginning of second quarter 2025. "2024 was a pivotal year as we successfully
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