Shenandoah Telecom Co (SHEN) Misses Q2 EPS Views; adj.-OIBDA Rose 48.5%

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Go back to Shenandoah Telecom Co (SHEN) Misses Q2 EPS Views; adj.-OIBDA Rose 48.5%

FBR Capital Downgrades Shenandoah Telecommunications (SHEN) to Market Perform

August 8, 2016 7:01 AM EDT

FBR Capital downgraded Shenandoah Telecommunications (NASDAQ: SHEN) from Outperform to Market Perform with a price target of $35.00 (from $31.00).

Analyst David Dixon commented, "We downgrade SHEN to Market Perform but raise our price target, from $31 to $35, based on our revised sum-of-the-parts valuation. The 2Q results... More