NTELOS To Be Acquired By Shentel

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FBR Capital Upgrades Shenandoah Telecommunications (SHEN) to Outperform

August 11, 2015 9:33 AM EDT

FBR Capital upgraded Shenandoah Telecommunications (NASDAQ: SHEN) from Market Perform to Outperform with a price target of $40.00 (from $33.00) after the company announced it had entered into an agreement (approved by both boards) to acquire regional operator, NTELOS Holdings Corp., for $9.25 in... More