NTELOS Holdings Corp. PT Raised to $9.00 at FBR Capital Markets (NTLS)
Stock analysts at FBR Capital Markets raised their price objective on shares of NTELOS Holdings Corp. (NASDAQ:NTLS) from $5.00 to $9.00 in a report issued on Tuesday. The firm currently has an “underperform” rating on the stock. FBR Capital Markets’ price target points to a potential downside of 28.80% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks upgraded shares of NTELOS Holdings Corp. from an “underperform” rating to a “neutral” rating in a research note on Thursday, May 29th. They now have a $12.60 price target on the stock. Separately, analysts at Jefferies Group downgraded shares of NTELOS Holdings Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, May 27th. They now have a $15.00 price target on the stock, down previously from $25.00. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of NTELOS Holdings Corp. in a research note on Friday, May 23rd. They now have a $15.00 price target on the stock, up previously from $14.00. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $12.90.
Shares of NTELOS Holdings Corp. (NASDAQ:NTLS) traded down 0.55% during mid-day trading on Tuesday, hitting $12.57. 234,032 shares of the company’s stock traded hands. NTELOS Holdings Corp. has a 52-week low of $11.20 and a 52-week high of $23.03. The stock’s 50-day moving average is $12.83 and its 200-day moving average is $14.14. The company has a market cap of $267.2 million and a price-to-earnings ratio of 13.46.
NTELOS Holdings Corp. (NASDAQ:NTLS) last posted its quarterly earnings results on Monday, July 28th. The company reported $0.02 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.17 by $0.15. The company had revenue of $117.80 million for the quarter, compared to the consensus estimate of $120.24 million. During the same quarter in the prior year, the company posted $0.43 earnings per share. The company’s quarterly revenue was down 1.8% on a year-over-year basis. Analysts expect that NTELOS Holdings Corp. will post $0.40 EPS for the current fiscal year.
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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