NTELOS Holdings Corp. Receives Hold Rating from Jefferies Group (NTLS)
NTELOS Holdings Corp. (NASDAQ:NTLS)‘s stock had its “hold” rating reaffirmed by equities research analysts at Jefferies Group in a research note issued to investors on Friday. They currently have a $14.00 target price on the stock, down from their previous target price of $15.00. Jefferies Group’s price target indicates a potential upside of 16.47% from the stock’s previous close.
A number of other firms have also recently commented on NTLS. Analysts at FBR Capital Markets raised their price target on shares of NTELOS Holdings Corp. from $5.00 to $9.00 in a research note on Tuesday. They now have an “underperform” rating on the stock. Separately, 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. 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 company. The stock presently has a consensus rating of “Hold” and an average target price of $12.65.
NTELOS Holdings Corp. (NASDAQ:NTLS) opened at 12.02 on Friday. NTELOS Holdings Corp. has a one year low of $11.20 and a one year high of $23.03. The stock has a 50-day moving average of $12.78 and a 200-day moving average of $14.00. The company has a market cap of $256.2 million and a price-to-earnings ratio of 23.07.
NTELOS Holdings Corp. (NASDAQ:NTLS) last posted its quarterly earnings results on Monday, July 28th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.43 earnings per share. The company’s revenue for the quarter 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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