NEW YORK, October 18, 2016 /PRNewswire/ --
Pre-market, Stock-Callers.com turns its focus on four Wireless Communications equities, namely, Sprint Corp. (NYSE: S), Vodafone Group PLC (NASDAQ: VOD), Globalstar Inc. (NYSE MKT: GSAT), and T-Mobile US Inc. (NASDAQ: TMUS). According to Plunkett Research, wireless service subscriptions worldwide were approximately 7.5 billion in mid-2016 - a huge leap from the 4 billion subscriptions at the end of 2008. Additionally, the overall global telecommunications industry is forecasted to grow to a $6.5 trillion sector in 2018. Learn more about these stocks by accessing their free research reports at:
Overland Park, Kansas headquartered Sprint Corp.'s stock finished Monday's session 1.56% lower at $6.92 with a total trading volume of 12.02 million shares. The Company's shares have advanced 4.06% in the past month, 53.10% over the previous three months, and 91.16% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 7.58% and 56.93%, respectively. Furthermore, shares of Sprint, which through its subsidiaries, provides various wireless and wireline communications products and services to consumers, businesses, government subscribers, and resellers in the US, Puerto Rico, and the US Virgin Islands, have a Relative Strength Index (RSI) of 60.34.
On October 13th, 2016, research firm Macquarie reiterated its 'Outperform' rating on the Company's stock with an increase of the target price from $7 a share to $8 a share.
On October 14th, 2016, Sprint and AAA deepened their 15-year relationship to bring additional benefits to AAA's more than 50 million US members. Under the new agreement, Sprint will renew the AAA Classic membership for primary and associate members as long as they remain eligible Sprint customers and register at http://www.Sprint.com/AAA. Sprint will also offer the Unlimited Freedom rate plan to AAA members for just $35 per line a month for four lines - a $5 monthly discount per line. Free research report on S is available at:
On Monday, shares in the UK-based Vodafone Group PLC ended the session at $27.81, up 0.04%. The stock recorded a trading volume of 4.62 million shares, which was above its three months average volume of 4.53 million shares. The Company's shares are trading 7.23% below their 50-day moving average. Moreover, shares of Vodafone Group, which provides mobile communications services in Europe, the Middle East, Africa, the Asia/Pacific, and the US, have an RSI of 27.21.
On September 20th, 2016, research firm Argus initiated a 'Hold' rating on the Company's stock.
On October 16th, 2016, Bloomberg reported that Vodafone Egypt signed deals with the country's telecom regulator to acquire 4G licenses, joining Orange Egypt and Telecom Egypt. As per the article, the National Telecom Regulatory Authority (NTRA) disclosed in an e-mailed statement that Vodafone Egypt Telecommunications Co. paid $335 million. The company also paid $11.3 million to operate a virtual fixed-line service as part of the agreement signed, the NTRA stated. The complimentary research report on VOD can be downloaded at:
Covington, Louisiana headquartered Globalstar Inc.'s stock ended yesterday's session 1.79% lower at $1.10 with a total trading volume of 1.36 million shares. Shares of the Company, which provides mobile voice and data communications services through satellite worldwide, are trading 13.66% below their 50-day moving average. The stock has an RSI of 37.34.
On September 28th, 2016, Globalstar and its partner, ADS-B Technologies, announced the completion of the NASA Langley Research Center research flight with the Cirrus SR22 Unmanned Aerial System Surrogate designed to test the operation of the ADS-B Link Augmentation System (ALAS). Initial results indicated continuous communication between the aircraft and Globalstar's satellite system with only brief interruptions during extreme maneuvering, which reconnected quickly. The Cirrus SR22 test flights focused on testing the ability of ALAS to continuously pass two-way data between the aircraft and NASA's ground control station using remote control capabilities. Visit us today and access our complete research report on GSAT at:
At the close on Monday, shares in Bellevue, Washington headquartered T-Mobile US Inc. recorded a trading volume of 1.69 million shares. The stock finished 0.63% higher at $46.52. The Company's shares have gained 4.82% in the previous three months and 18.92% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 0.15% and 11.22%, respectively. Furthermore, shares of T-Mobile US, which together with its subsidiaries, provides mobile communications services for consumers and businesses in the US, Puerto Rico, and the US Virgin Islands, have an RSI of 51.86.
On September 28th, 2016, T-Mobile announced it is extending and expanding its summer travel bonus. Starting October 1st, 2016 the Un-carrier is giving customers unlimited high-speed data throughout South America and 19 European countries until 2017. T-Mobile postpaid customers will get the fastest available data roaming speeds up to 4G LTE at no extra cost. Get free access to your research report on TMUS at:
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