FBR Capital Downgrades Shenandoah Telecommunications (SHEN) to Market Perform

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Shenandoah Telecommunications Company Reports Second Quarter 2016 Revenue of $130.3 Million

August 5, 2016 7:00 AM EDT

Company Completes Acquisition of NTELOS During Second Quarter

Adjusted OIBDA of $55.9 Million and Continuing OIBDA of $49.8 Million

EDINBURG, Va., Aug. 05, 2016 (GLOBE NEWSWIRE) -- Shenandoah Telecommunications Company (Shentel) (NASDAQ: SHEN) announces financial and operating results for the three and six months ended June 30, 2016.

Consolidated Second Quarter Results

For the quarter ended June 30, 2016, the Company reported total revenues of $130.3 million, an increase of 52.1% compared to $85.7 million for the 2015 second... More