Raymond James Downgrades Shenandoah To Underperform From Market Perform

  • 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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SHENShenandoah Telecommunications Co
$12.41-0.08%

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Edge Rankings
Momentum
24.49
Growth
23.06
Quality
Not Available
Value
74.27
Price Trend
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