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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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 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
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., May 03, 2024 (GLOBE NEWSWIRE) -- Shenandoah Telecommunications Company ("Shentel" or the "Company") (NASDAQ:SHEN) announced first quarter 2024 financial and operating results. Tower segment's financial results will be presented as discontinued operations in the Company's Consolidated Financial Statements. Under the new organizational and reporting structure, the Company has one reportable segment in continuing operations. First Quarter 2024 Highlights Glo Fiber Markets added approximately 5,000 subscribers and ended the quarter with approximately 47,000 subscribers.Glo Fiber passings grew 25,700 to a total of approximately 260,000.As previously reported, Shent
EDINBURG, Va., April 24, 2024 (GLOBE NEWSWIRE) -- Shenandoah Telecommunications Company (Shentel) (NASDAQ:SHEN) will release its first quarter 2024 financial results before the market opens on Friday, May 3, 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: May 3, 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 Shenandoah Telec
EDINBURG, Va., April 01, 2024 (GLOBE NEWSWIRE) -- Shenandoah Telecommunications Company ("Shentel" or the "Company") (NASDAQ:SHEN) announced today the completion of its acquisition of Horizon Acquisition Parent LLC ("Horizon" or "Horizon Telcom"). Horizon is a leading commercial fiber provider in Ohio and adjacent states serving national wireless providers, carriers, enterprises, and government, education and healthcare customers. Horizon's unique fiber network is the largest and most dense network across its footprint, and the combined company will have approximately 15,4001 fiber route miles across seven adjacent states. Shentel plans to re-brand the Horizon commercial and residentia
EDINBURG, Va., Feb. 21, 2024 (GLOBE NEWSWIRE) -- Shenandoah Telecommunications Company ("Shentel") (NASDAQ:SHEN) announced fourth quarter and full year 2023 financial and operating results. 2023 Highlights Glo Fiber data customers grew 71.7% year-over-year to approximately 42,000.Glo Fiber passings grew by approximately 86,400, or 58.6%, to approximately 234,000.Glo Fiber revenue grew 91.9% to $35.1 million.Consolidated revenue grew 7.5% to $287.4 million.Consolidated net income in 2023 was $8.0 million, compared with consolidated net loss of $8.4 million in 2022.Consolidated Adjusted EBITDA1 grew 19.3% to $90.6 million in 2023, compared with $76.0 million in 2022.Announced in October 20
EDINBURG, Va., Feb. 02, 2024 (GLOBE NEWSWIRE) -- Shenandoah Telecommunications Company (Shentel) (NASDAQ:SHEN) will release its fourth quarter and full year 2023 financial results before the market opens on Wednesday, February 21, 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: February 21, 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 Telecommunicati
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
Expansion will bring internet speeds up to 5 Gbps to one of the fastest growing counties in Maryland EDINBURG, Va., Sept. 10, 2024 /PRNewswire/ -- Glo Fiber, powered by Shenandoah Telecommunications Company ("Shentel") (NASDAQ:SHEN), announced construction has begun to deploy next generation fiber-to-the-home (FTTH) broadband services in Frederick County, MD. Over the past couple of years, Glo Fiber has been awarded multiple grants from the Maryland Office of Statewide Broadband to deliver a future-proof, 100% fiber network to over 4,500 unserved locations in the County. The initial design and engineering phases are now complete, and the construction phase is underway. Independent of the gr
100% fiber-optic network will bring multi-gigabit speeds to Steubenville, Mingo Junction and Wintersville EDINBURG, Va., Aug. 27, 2024 /PRNewswire/ -- Glo Fiber, operated by Shenandoah Telecommunications Company ("Shentel") (NASDAQ:SHEN), announced plans to deploy next-generation, fiber-optic broadband services to approximately 15,000 homes and businesses in Steubenville, Mingo Junction, Wintersville, and surrounding areas in Jefferson County, Ohio. "As a Jefferson County commissioner, I am excited that the communities of Steubenville, Mingo Junction, and Wintersville will hav
EDINBURG, Va., Aug. 22, 2024 /PRNewswire/ -- Glo Fiber, powered by Shenandoah Telecommunications Company ("Shentel") (NASDAQ:SHEN), is proud to announce that it has been named the Fiber Provider of the Year by Cablefax in the 2024 Top Ops Awards. This esteemed recognition highlights Glo Fiber's unwavering dedication to offering high-performance fiber internet services to approximately 300,000 homes across 6 states. The Cablefax Top Ops Awards acknowledge exceptional contributions and accomplishments in the cable and telecommunications industry, with a focus on excellence in ar
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 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., July 30, 2024 /PRNewswire/ -- Glo Fiber, operated by Shenandoah Telecommunications Company ("Shentel") (NASDAQ:SHEN), announced plans to deploy next-generation, fiber-optic broadband services to approximately 13,800 homes and businesses in Zanesville, Ohio. Focus on Ohio, VA, WV, MD and PA"The City of Zanesville is excited for the Glo Fiber network expansion into our community. Reliable, high-speed internet is a vital tool in today's world, and this is a great opportunity to provide more fiber options to the residents, students, and businesses in our City," said
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
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BWS Financial analyst Hamed Khorsand maintains Shenandoah (NASDAQ:SHEN) with a Buy and maintains $26 price target.
Shenandoah (NASDAQ:SHEN) reported quarterly earnings of $4.21 per share which beat the analyst consensus estimate of $(0.01) by 42200 percent. This is a 10425 percent increase over earnings of $0.04 per share from the same period last year. The company reported quarterly sales of $69.25 million which missed the analyst consensus estimate of $71.57 million by 3.24 percent. This is a 3.40 percent decrease over sales of $71.69 million the same period last year.
Glo Fiber, powered by Shenandoah Telecommunications Company ("Shentel") (NASDAQ:SHEN), announced plans to deploy next-generation, fiber-optic broadband services to over 40,000 additional homes and businesses in Ohio. Engineering work is already underway to connect the communities of Zanesville, Hillsboro, Jackson, Johnstown, and Greenfield. Glo Fiber currently provides service in Chillicothe, Circleville, Lancaster, and Washington Courthouse, Ohio in addition to markets in Virginia, Pennsylvania, West Virginia, and Maryland.
Horizon was acquired by Shentel in April 2024 and provides fiber optic broadband services to commercial customers in Ohio and adjacent sates and residential customers in the markets of Chillicothe, Circleville, Lancaster, and Washington Courthouse, Ohio.
Glo Fiber, powered by Shenandoah Telecommunications Company ("Shentel") (NASDAQ:SHEN), announced that future-proof, 100% fiber optic broadband service is now available to initial neighborhoods in Salisbury, Maryland. Construction began in late 2023 and is expected to take 18-24 months to complete, providing over 14,000 homes and businesses with a reliable option for high-speed internet service.
Shenandoah (NASDAQ:SHEN) reported quarterly earnings of $0.05 per share which beat the analyst consensus estimate of $(0.01) by 600 percent. The company reported quarterly sales of $72.51 million which beat the analyst consensus estimate of $72.30 million by 0.29 percent. This is a 3.57 percent increase over sales of $70.01 million the same period last year.
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