FBR Capital Downgrades NTELOS Holdings (NTLS) to Underperform
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StreetInsider.com's Rating Du Jour 11/30: FBR'S Brutal Downgrade of NTELOS (NTLS)
November 30, 2012 12:28 PM ESTStreetInsider.com's Rating Du Jour for November 30, 2012 is FBR's brutally-negative call on NTELOS Holdings (Nasdaq: NTLS).
FBR's David Dixon downgraded NTELOS from Market Perform to Underperform and slashed his price target 76 percent to $5, or 70 percent below Thursday's closing price of $16.17. The problem, according to Dixon is NTELOS' deal with Sprint.
NTELOS is a Sprint Strategic Network Alliance (SNA) partner until mid 2015 and
generates the majority of EBITDA from this agreement.... More
