FBR Capital Maintains an 'Outperform' on NTELOS Holdings (NTLS); 1Q11 Review: Soft Wireless Results; 2Q11 Should See Improvement
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Price: $9.26 --0%
Rating Summary:
1 Buy, 5 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
1 Buy, 5 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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FBR Capital maintains an 'Outperform' on NTELOS Holdings (NASDAQ: NTLS), PT $22.
FBR analyst says, "We continue to view this as a longer-term story with significant possible catalysts in the six - to 12- month time horizon. In the near term, we believe that wholesale revenues under the SNA agreement could provide a significant catalyst. In the medium term, we believe that, following the wireline separation in 2H11, both the stand-alone wireless and wireline groups make attractive takeout candidates."
"For FY11, we model incremental revenues (over the minimum guarantee) of $30.1M (versus $18.1M previously) and $60.2M (versus $26.9M previously) in FY12. This results in $28.5M of high-margin incremental revenue in FY11 and $29.5M in FY12."
For more ratings news on NTELOS Holdings click here and for the rating history of NTELOS Holdings click here.
Shares of NTELOS Holdings closed at $19.69 yesterday.
FBR analyst says, "We continue to view this as a longer-term story with significant possible catalysts in the six - to 12- month time horizon. In the near term, we believe that wholesale revenues under the SNA agreement could provide a significant catalyst. In the medium term, we believe that, following the wireline separation in 2H11, both the stand-alone wireless and wireline groups make attractive takeout candidates."
"For FY11, we model incremental revenues (over the minimum guarantee) of $30.1M (versus $18.1M previously) and $60.2M (versus $26.9M previously) in FY12. This results in $28.5M of high-margin incremental revenue in FY11 and $29.5M in FY12."
For more ratings news on NTELOS Holdings click here and for the rating history of NTELOS Holdings click here.
Shares of NTELOS Holdings closed at $19.69 yesterday.
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