Wells Fargo Downgrades NTELOS Holdings (NTLS) to Market Perform

Wells Fargo downgraded NTELOS Holdings (NASDAQ: NTLS) from Outperform to Market Perform with a price target of $4.75-$5.25 (from $7-$9). The change follows Q4 results. Analyst Jennifer Fritzsche is cautious on competition from larger carriers and she doesn't see catalysts for the stock.

For an analyst ratings summary and ratings history on NTELOS Holdings click here. For more ratings news on NTELOS Holdings click here.

Shares of NTELOS Holdings closed at $4.82 yesterday.

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