- Raymond James analyst Ric Prentiss downgraded Shenandoah Telecommunications Co SHEN to Underperform from Market Perform.
- The downgrade came after the stock price rose 24% over the past two trading days despite no change in the firm's opinion of the company's fundamental value.
- Recently, the company's shares surged when it declared a special dividend of $18.75 per share.
- The stock gained 26% last week.
- Price action: SHEN shares traded lower by 7.20% at $56.73 in the market session on the last check Wednesday.
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