NTELOS Holdings Corp Lowered to “Hold” at TheStreet (NTLS)
NTELOS Holdings Corp (NASDAQ:NTLS) was downgraded by research analysts at TheStreet to a “hold” rating in a report released on Friday, ARN reports.
NTELOS Holdings Corp (NASDAQ:NTLS) traded up 0.45% on Friday, hitting $15.54. 33,264 shares of the company’s stock traded hands. NTELOS Holdings Corp has a 1-year low of $11.68 and a 1-year high of $20.47. The stock’s 50-day moving average is $17.40 and its 200-day moving average is $15.55. The company has a market cap of $327.5 million and a price-to-earnings ratio of 16.76.
NTELOS Holdings Corp (NASDAQ:NTLS) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.14. The company had revenue of $119.90 million for the quarter, compared to the consensus estimate of $121.62 million. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, analysts predict that NTELOS Holdings Corp will post $0.91 earnings per share for the current fiscal year.
Separately, analysts at FBR Capital Markets reiterated an “underperform” rating on shares of NTELOS Holdings Corp (NASDAQ:NTLS) in a research note to investors on Monday, August 19th.
The company also recently declared a quarterly dividend, which is scheduled for Friday, October 11th. Investors of record on Friday, September 13th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 10.86%. The ex-dividend date of this dividend is Wednesday, September 11th.
NTELOS Holdings Corp. is a provider of wireless and wireline communications services to consumers and businesses primarily in Virginia and West Virginia.
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