Raymond James Downgrades Shenandoah To Underperform From Market Perform
- Raymond James analyst Ric Prentiss downgraded Shenandoah Telecommunications Co (NASDAQ: 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.
Latest Ratings for SHEN
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Mar 2022 | BWS Financial | Downgrades | Neutral | Sell |
| Mar 2022 | Raymond James | Maintains | Outperform | |
| Dec 2021 | Raymond James | Upgrades | Market Perform | Outperform |
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