NTELOS price target raised to $9 from $6.50 at FBR Capital FBR Capital raised its price target for NTELOS (NTLS) to $9 after the Financial Times in its Alphaville blog discussed rumors of a potential takeover by Shenandoah (SHEN). FBR believes Shentel is a "natural buyer" of NTELOS at the right price. The firm views $9 per share as a fair price for NTELOS and keeps a Market Perform rating on the stock.
NTELOS jumps after FT Alphaville notes takeover speculation Shares of NTELOS are moving higher after FT Alphaville blogged that Shenandoah Telecommunications, also known as Shentel, is rumored to be putting together a $200M offer for the provider of digital wireless communications services. The offer would represent a near 50% premium, FT Alphaville notes. Shares of NTELOS are up $1.14 to $7.34 in early trading. Reference Link