NTELOS Announces Quarterly Dividend of $0.42 (NTLS)
NTELOS (NASDAQ:NTLS) announced a quarterly dividend on Thursday, December 13th. Shareholders of record on Friday, December 14th will be paid a dividend of $0.42 per share on Friday, December 28th. This represents a $1.68 annualized dividend and a dividend yield of Infinity.
On the ratings front, analysts at FBR Capital downgraded shares of NTELOS from a “market perform” rating to an “underperform” rating in a research note to investors on Friday, November 30th. They now have a $5.00 price target on the stock, down previously from $15.00.
NTELOS (NTLS) traded down 3.67% on Thursday, hitting $12.87. NTELOS (NTLS) has a 1-year low of $12.12 and a 1-year high of $25.02. The company’s market cap is $269.1 million.
NTELOS last posted its quarterly earnings results on Thursday, November 8th. The company reported $0.22 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.31 by $0.09. The company had revenue of $114.50 million for the quarter, compared to the consensus estimate of $115.79 million. Analysts expect that NTELOS (NTLS) will post $1.14 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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