SHENANDOAH TELECOMMUNICATIONS (SHEN)
Communication Services · regional broadband services · NASDAQ
A regional broadband provider in the Mid-Atlantic US focused on building out its fiber-to-the-premises network.
What SHENANDOAH TELECOMMUNICATIONS does
Shenandoah Telecommunications Company (Shentel) provides broadband communications products and services, including fiber-optic internet, cable television, and voice services to customers in the Mid-Atlantic region of the United States. The company focuses on expanding its fiber-to-the-premises network to residential and business customers. Shentel also provides tower infrastructure and colocation services.
Themes: broadband expansion, fiber infrastructure, telecommunications, last-mile connectivity
Fundamentals
- Price$12.33 as of 2026-08-21 close
- Market cap$682M as of 2026-08-21
- 1-year return-3.2% 2025-08-21 close $12.74 → 2026-08-21 close $12.33
- P/En/a negative earnings
- Net margin-12.2% as of 2026-08-24
- Gross margin+64.8% as of 2026-08-24
- ROE-5.1% as of 2026-08-24
- Debt / equity0.83 as of 2026-08-24
- Revenue growth (YoY)+5.0% as of 2026-08-24
- Revenue CAGR (3y)+12.9% SEC XBRL
- Beta0.77 as of 2026-08-24
- Last reported earnings2026-07-29 SEC EDGAR Form 8-K (Item 2.02)
Dividend: yield +0.4%; 4-year non-decreasing per-share dividend streak (SEC XBRL).
How SHEN compares in its sector
- net profit marginbottom 25% 132 covered Communication Services peers, as of 2026-08-24
- operating marginbottom 25% 132 covered Communication Services peers, as of 2026-08-24
- gross marginmiddle range 132 covered Communication Services peers, as of 2026-08-24
- return on equitymiddle range 132 covered Communication Services peers, as of 2026-08-24
- 3-year revenue CAGRtop 25% 121 covered Communication Services peers
- indicated dividend yieldbottom 25% 48 covered Communication Services peers, as of 2026-08-24
- free cash flow (absolute dollars, latest fiscal year)bottom 10% 114 covered Communication Services peers, as of FY2025
Position among covered Communication Services companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Dividend coverage (FY2025)
Not assessable from available data. SHEN paid a dividend in FY2025, but coverage cannot be assessed from the available data (non_positive_net_income, non_positive_free_cash_flow).
- Earnings payoutnot assessable earnings were not positive that year
- Free-cash-flow payoutnot assessable free cash flow was not positive that year
Coverage derived from reported SEC EDGAR XBRL figures for FY2025 (dividends paid vs. net income and free cash flow, same fiscal year). This describes PAST coverage for one fiscal year — it does not predict whether a dividend will be maintained, raised, or cut, and a one-year payout ratio can be distorted by non-recurring items. Informational only — not financial advice.
How SHENANDOAH TELECOMMUNICATIONS looks technically
SHENANDOAH TELECOMMUNICATIONS (SHEN) is trading 7.5% below its 200-day average, the long-term trend line — a long-term downtrend. Its 50-day average crossed below its 200-day average about 2 trading days ago — a "death cross", a bearish long-term signal. A strong downtrend is in place — ADX, a 0–100 trend-strength gauge, is 26, with sellers in control. Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 44, neither overbought (above 70) nor oversold (below 30). MACD, a trend-momentum gauge, turned bearish about 2 trading days ago (its momentum flipped negative). It made a new 20-day high about 11 trading days ago. It is 28.9% below its highest point of the past year.
Trend
8
| Distance from the 200-day | it is trading 7.5% below its 200-day average, the long-term trend line — a long-term downtrend | -7.5% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $13.22 | $13.22 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $13.33 | $13.33 |
| Swing structure | each recent peak has been lower than the one before it and each dip deeper — the pattern chart-watchers call a downtrend, which describes where price has already been and not where it goes next | lower highs and lower lows |
| Last swing turn | its last significant turn was a swing high 15 calendar days ago — the swings before that are what the structure reading is measured on | 15 sessions |
| Wave structure | its recent swings can be read as a five-part downward sequence — what Elliott-wave chartists call an impulse — now in leg 3 of five; the labelling fails if price closes above 13.865. It is one of several labellings that fit, and it describes the swings already printed, not what comes next. The same swings also read as a three-part correction in leg C. | possible downward five-wave sequence, in wave 3 (one of several readings) |
| Since the 50/200 cross | its 50-day average crossed below its 200-day average about 2 trading days ago — a "death cross", a bearish long-term signal | 2 sessions |
| Trend strength (14-day ADX) | a strong downtrend is in place — ADX, a 0–100 trend-strength gauge, is 26, with sellers in control | 25.5 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 44, neither overbought (above 70) nor oversold (below 30) | 44.4 |
|---|---|---|
| Position in its 14-day range | it is trading in the lower half of its 14-day range ($11.79 to $13.87) — its "stochastic" reading is 26 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been climbing within that range over the last few sessions. | 26.0 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, turned bearish about 2 trading days ago (its momentum flipped negative) | 2 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $17.33 | $17.33 |
|---|---|---|
| From the 52-week high | it is 28.9% below its 52-week high (its highest price of the past year) | -28.9% |
| Above the 52-week low | it is 27.6% above its 52-week low (its lowest price of the past year) | +27.6% |
| Below the 52-week high | it is 28.9% below its highest point of the past year | 28.9% |
| Since a 20-day breakout | it made a new 20-day high about 11 trading days ago | 11 sessions |
| Since a 55-day breakout | it made a new 55-day low about 25 trading days ago | 25 sessions |
| All-time high | its highest closing price on record is $61.53 (set on 2021-07-06) | $61.53 |
| Given back of the 52-week move | over the past year its closes ranged ($9.90 to $17.10), and it has given back well over two thirds of its rise from last year’s low — 66% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $12.42 to $12.65. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 66.3% |
| From the all-time high | it is 80.0% below its all-time high | -80.0% |
| Nearest price level | it is trading 1.7% below a resistance level at $12.54 — a price it turned at four times since 2024-10-07, most recently on 2025-10-22. Since 2024-08-21 it has 4 such levels below the current price and 9 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | +1.7% |
| All-time low | its lowest closing price on record is $4.50 (set on 2012-01-30) | $4.50 |
| Above the all-time low | it is 173.7% above its all-time low | +173.7% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are about average versus its own recent 6-month history | 45th percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $0.6074 between its high and its low — about 4.9% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $0.6074 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $11.43 and $13.93 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $11.43 – $12.68 – $13.93 |
| Typical daily range (% of price) | its price moves about 4.9% in a typical session — about typical for the companies we cover. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 4.9% |
| Stretch from the 200-day average | it is trading 1.7 daily ranges below its 200-day average price (7.5% below it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 1.7 daily ranges below its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 0.63× |
|---|
Analyst
2
| Change in the average price target | analysts' average price target is unchanged from the prior reading | 0.0% |
|---|---|---|
| Change in the consensus rating | not available for this company yet | n/a |
Candlestick patterns
3
| Since a doji | 8 sessions ago it opened and closed at almost the same price after trading through a wider range — a "doji", the classic picture of buyers and sellers finishing the session level | 8 sessions ago |
|---|---|---|
| Since a bullish engulfing | 1 session ago it opened below the previous session's close and finished above that session's open — a "bullish engulfing" pair, where one up day more than undid the down day before it | 1 session ago |
| Since a bearish engulfing | 7 sessions ago it opened above the previous session's close and finished below that session's open — a "bearish engulfing" pair, where one down day more than undid the up day before it | 7 sessions ago |
Price gaps
3
| Gap at the open | it opened on 2026-08-21 0.7% above the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and traded back through that level before the close | +0.7% |
|---|---|---|
| Open gap | it gapped 2.6% below the previous close 46 sessions ago and has not traded back through the level it left behind at 16.46 — an "unfilled gap", which describes a price range no trade has since crossed and is not a forecast that it will be crossed | -2.5% |
| Gap filled | a 2.9% gap up opened on 2026-08-04 has been "filled" 3 sessions ago — price traded back through the level the gap left behind, and it took 10 sessions to close | 3 sessions ago |
Price streaks
1
| Closing streak | it has closed higher 2 sessions in a row, a +1.48% move over the run — an unbroken run of up days, which describes what has already happened and says nothing about the next session | 2 sessions up |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock beat the market by 4.6 percentage points (the stock gained 6.9% while the market gained 2.3%) | +4.6% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock lagged the market by 26.7 percentage points (the stock lost 23.6% while the market gained 3.1%) | -26.7% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 19.5 percentage points (the stock lost 8.5% while the market gained 11.1%) | -19.5% |
| vs market, 12 months | over the past 12 months this stock lagged the market by 23.7 percentage points (the stock lost 3.2% while the market gained 20.5%) | -23.7% |
Signal agreement
2
| Bullish technical signals | 0 of the 9 technical signals we can compute for it are currently in a bullish state — these describe past price behaviour, not a forecast | 0 of 9 |
|---|---|---|
| Bearish technical signals | 6 of the 9 technical signals we can compute for it are currently in a bearish state: a strong downtrend, with sellers in control, a "death cross" — its 50-day average is below its 200-day, trading below its 200-day average, MACD momentum is negative, lagging the market over 6 months, trading below the Ichimoku cloud — these describe past price behaviour, not a forecast | 6 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 9.5% below the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-07-16 and projected forward over today's price, the side traders read as an established downtrend, with the band above acting as the level that would have to be cleared. The band itself is moderate, spanning 6.9% of the share price. | -9.5% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 11% below the average price paid so far this year, so the typical buyer over that stretch is under water. That average is $13.84 — a volume-weighted average of daily closes over 156 sessions, not a true tick-by-tick VWAP. | -10.9% |
|---|---|---|
| Vs the average paid since it last reported | the price is 3% below the average price paid since it last reported on 2026-07-29 (its 10-Q), so the typical buyer over that stretch is under water. That average is $12.68 — a volume-weighted average of daily closes over 18 sessions, not a true tick-by-tick VWAP. | -2.7% |
Price levels it has turned at before
SHEN last closed at $12.33 on 2026-08-21. Since 2024-08-21 it has turned at 4 prices below its last close and 9 above; the 3 nearest below and the 3 nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $12.54 | Resistance | 1.7% above the last close | turned there four times · 2024-10-07 to 2025-10-22 |
| $12.09 | Support | 2.0% below the last close | turned there six times · 2024-11-07 to 2025-12-17 |
| $13.02 | Resistance | 5.6% above the last close | turned there three times · 2025-10-01 to 2026-05-01 |
| $13.40 | Resistance | 8.7% above the last close | turned there five times · 2024-09-09 to 2025-10-30 |
| $11.18 | Support | 9.4% below the last close | turned there three times · 2025-11-26 to 2026-07-29 |
| $10.91 | Support | 11.5% below the last close | turned there three times · 2025-05-20 to 2026-07-21 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
Its recent swings can be read as a five-part downward sequence — what Elliott-wave chartists call an impulse — now in leg 3 of five.
This labelling fails — stops being a possible reading at all — if it closes above $13.87.
This is one of several labellings that fit the same swings, so treat it as a reading rather than the reading. It was chosen from 2 labellings that survived the rules, counting shorter readings of the same bars.
On past moves of this shape the leg has usually ended somewhere between $5.87 and $8.93 — that is where it has tended to end if the count holds, not a forecast of where the price goes.
Alternate reading: The same swings also read as a three-part correction in leg C, which fails on a close above $13.87.
This reading has stood for 6 trading days, since 2026-08-14.
Read from daily closes as of 2026-08-21.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading below the 200-day moving average · Recent death cross (50-day crossed below 200-day) · Pulled back from the 12-month high · MACD just crossed bearish (12/26/9) · lagging the market · Near the golden pocket (has given back about two thirds of its 52-week move) | Learn: moving average · golden cross · adx · rsi · macd · breakout · fifty two week high low
Based on daily closing prices as of 2026-08-21. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Mean price target$27.50 range $26.00 – $29.00
Analyst estimates, as of 2026-08-24. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Key risks (from latest filing)
["Operating losses and negative net margins","High levels of long-term debt used to fund network expansion","Intense competition in the broadband and communications services industry"]
What changed in the latest 10-Q
AI-assisted comparison of SHEN's 10-Q filed 2026-05-01 against the prior one filed 2025-10-29.
Management's Discussion & Analysis (MD&A)
- Added:
- Reference to '2025 Form 10-K' instead of '2024 Form 10-K' in forward-looking statements boilerplate (newer filing, 2026-05-01)
- New 'Recent Developments' section in older filing removed from newer filing - included Management Transitions, Asset Purchase Agreement, and H.R.1 tax law discussion (older filing, 2025-10-29)
- New comparative period: Three Months Ended March 31, 2026 vs. March 31, 2025 in newer filing (2026-05-01)
- New financial data table for Q1 2026 vs. Q1 2025 in newer filing (2026-05-01)
- Reference to '$2.8 million write-off of project costs under construction for markets' in depreciation discussion (newer filing, 2026-05-01)
- Restructuring expense explanation referencing 'previously announced reduction in force' and 'accrued severance costs' (newer filing, 2026-05-01)
- Removed:
- Entire 'Recent Developments' section including Management Transitions subsection about Ed McKay appointment and Christopher French transition (removed from newer filing)
- Asset Purchase Agreement subsection detailing $5 million FTTH asset acquisition in Virginia with ~1,500 homes and ~700 customers (removed from newer filing)
- H.R.1 - 119th Congress tax law discussion section (removed from newer filing)
- Three Months Ended September 30, 2025 vs. September 30, 2024 comparative period and associated financial data table (removed from newer filing)
- Reference to 'Income from discontinued operations' line item in results table (removed from newer filing)
- 'Loss from continuing operations' line items (removed from newer filing)
- Reworded:
- Incumbent Broadband Markets revenue decline reason changed from '14.9% decline in video RGUs and 1.3% decline in data ARPU' to '14.6% decline in video RGUs and 1.6% decline in data ARPU' with added context about 'new rate card in portion of passings with another broadband provider' (newer filing, 2026-05-01)
- Glo Fiber Expansion Markets growth driver changed from '41.3% year-over-year growth in data RGUs driven by increase in data penetration rate and increase in passings' to '33.7% increase in data RGUs driven by increase in penetration rates and increase in passings' (newer filing, 2026-05-01)
- Commercial Fiber revenue explanation: removed discussion of 'deferred revenue adjustments for carrier customer' and 'early termination fees' from prior year (removed from newer filing)
- Cost of services decrease explanation changed to emphasize 'government grant reimbursements' rather than the older period's focus on video RGU declines (newer filing, 2026-05-01)
- Selling, general and administrative increase reason modified to add 'expansion of Glo Fiber homes passed and' before 'higher stock compensation' (newer filing, 2026-05-01)
- Interest expense increase context: older filing attributed to 'increase in outstanding debt' while newer filing uses same language but different absolute values (newer filing, 2026-05-01)
- Notes:
- The two filings compare different fiscal quarters (Q1 2026 vs. Q1 2025 in newer; Q3 2025 vs. Q3 2024 in older), making some numerical differences expected
- Older filing contains 'Recent Developments' section that is entirely absent from newer filing structure
- Text truncation at end of both versions prevents full assessment of additional sections
Risk Factors
The two filings could not be meaningfully compared for this section.
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
3 open-market purchases and 0 open-market sales by insiders in the last 90 days.
- Last 30 days3 buys ($74280) · 0 sells — 2 buying insiders
- Last 90 days3 buys ($74280) · 0 sells — 2 buying insiders
- Last 180 days3 buys ($74280) · 0 sells — 2 buying insiders
Activity heuristic: net buying (a transparent product heuristic from the counts above, not a prediction or advice)
Most recent open-market transaction: 2026-07-31. As of 2026-08-24.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about SHEN's insider activity →
Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Institutional ownership (13F)
5 institutional 13F filers reported holding SHEN as of 2026-03-31 (quarter-end position, filed within 45 days).
- Distinct 13F filers 5
- Reported shares held 9,176,304
- Reported value $141,498,613
reported quarterly holdings change (2025-12-31 → 2026-03-31): 0 new, 2 increased, 3 decreased, 0 exited. Change counts cover only managers that filed 13F reports in BOTH quarters, derived between two quarter-end snapshots — not same-day trades; a single manager is never said to have "bought" or "sold".
Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.
Short interest (FINRA)
SHEN had 2,749,032 shares of reported short interest as of the 2026-07-31 FINRA settlement date (delayed, bi-monthly; not real-time).
SHEN had 4.97% of its shares outstanding sold short as of the 2026-07-31 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 4.74 days to cover at the same settlement.
- Reported short interest (shares) 2,749,032
- Short interest (% of shares outstanding) 4.97%
- Prior settlement (shares) 2,589,665
- Reported change 6.15%
- Days to cover (reported) 4.74
Reported to FINRA as of the 2026-07-31 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- Comcast (CMCSA)
- Charter Communications (CHTR)
- Verizon (VZ)
- Frontier Communications
- Lumen Technologies (LUMN)
- Altice USA (ATUS)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
Compare SHEN vs…
Frequently asked questions
What does SHENANDOAH TELECOMMUNICATIONS (SHEN) do?
Shenandoah Telecommunications Company (Shentel) provides broadband communications products and services, including fiber-optic internet, cable television, and voice services to customers in the Mid-Atlantic region of the United States. The company focuses on expanding its fiber-to-the-premises network to residential and business customers. Shentel also provides tower infrastructure and colocation services.
What sector is SHENANDOAH TELECOMMUNICATIONS (SHEN) in?
SHENANDOAH TELECOMMUNICATIONS (SHEN) is classified in the Communication Services sector. Its industry is regional broadband services. It trades on NASDAQ.
Does SHEN pay a dividend?
Yes — SHENANDOAH TELECOMMUNICATIONS (SHEN) pays a dividend, with an indicated yield of about 0.38% and 4-year non-decreasing per-share dividend streak (SEC EDGAR XBRL) (market data, as of 2026-08-24). Informational only — not financial advice.
Who are SHENANDOAH TELECOMMUNICATIONS's (SHEN) competitors?
Notable peers of SHENANDOAH TELECOMMUNICATIONS (SHEN) include Comcast, Charter Communications, Verizon, Frontier Communications and Lumen Technologies. This peer set is informational only — not financial advice.
Is SHENANDOAH TELECOMMUNICATIONS (SHEN) overbought or oversold right now?
SHENANDOAH TELECOMMUNICATIONS (SHEN) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 44, in the neutral middle (as of 2026-08-21). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on SHEN come from?
Fundamentals and prices come from market data, as of 2026-08-24; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: market data, as of 2026-08-24. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-08-21.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.