UPDATE: Jefferies Initiates NTELOS Holdings Corp. with Hold on Possible Sprint Deal

In a report published Wednesday, Jefferies analyst Thomas Seitz initiated coverage on NTELOS Holdings Corp. (NASDAQ: NTLS ) with a Hold rating and $14.00 price target. In the report, Seitz noted, “NTELOS is a regional facilities-based wireless provider in Virginia and West Virginia with 8M licensed POPs, 6M covered POPs,