NEW YORK, March 24, 2017 /PRNewswire/ --
Pre-market today, Stock-Callers.com reviews the following Wireless Communications stocks: Sprint Corp. (NYSE: S), Globalstar Inc. (NYSE MKT: GSAT), T-Mobile US Inc. (NASDAQ: TMUS), and xG Technology Inc. (NASDAQ: XGTI). These companies belong to the Technology sector, which ended lower on Thursday, March 23rd, 2017, with shares of tech companies in the S&P 500 dropping nearly 0.3 lower. Learn more about these stocks by downloading their free research reports in PDF format at:
On Thursday, shares in Overland Park, Kansas headquartered Sprint Corp. recorded a trading volume of 12.36 million shares. The stock ended the day at $8.46, rising 2.30% from the last trading session. The Company's shares have advanced 0.36% in the previous three months and 0.48% on an YTD basis. The stock is trading above its 200-day moving average by 20.81%. 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 44.38.
On February 23rd, 2017, Sprint and PR Wireless, doing business as Open Mobile, announced an agreement to combine their businesses in Puerto Rico, together with Sprint's business in the US Virgin Islands, into a new joint venture. Sprint and Open Mobile will have a 68% and 32% economic interest, and a 55% and 45% voting interest in the joint venture, respectively. Sign up and read the free research report on S at:
Covington, Louisiana headquartered Globalstar Inc.'s stock finished yesterday's session flat at $1.62 with a total trading volume of 3.56 million shares. The Company's shares have gained 13.29% in the last month, 13.29% over the previous three months, and 2.53% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 10.87% and 30.24%, respectively. Additionally, shares of Globalstar, which provides mobile voice and data communications services through satellite worldwide, have an RSI of 65.23.
On March 08th, 2017, Globalstar and Inmarsat announced their intention to form a new partnership to cross-sell their respective products and services, increasing their global reach. Both companies will continue to operate independently of each other, and the completion of the agreement will be effective in the coming weeks.
On February 24th, 2017, research firm Chardan Capital Markets upgraded the Company's stock rating from 'Neutral' to 'Buy', with a target price of $2.50 per share. The complimentary research report on GSAT can be downloaded at:
Shares in Bellevue, Washington headquartered T-Mobile US Inc. ended the session 0.24% lower at $63.12. The stock recorded a trading volume of 2.16 million shares. The Company's shares have gained 0.06% in the last one month, 8.72% over the last three months, and 9.75% in the previous one year. The stock is trading 2.70% above its 50-day moving average and 21.84% above its 200-day moving average. Moreover, shares of T-Mobile US, which together with its subsidiaries, provides mobile communications services in the US, Puerto Rico, and the US Virgin Islands, have an RSI of 55.36.
On March 22nd, 2017, T-Mobile announced it will offer iPhone 7 and iPhone 7 Plus (PRODUCT)RED Special Edition in a vibrant red aluminum finish. The Company also announced it will carry Apple's new iPad, and will offer iPhone SE in 32GB and 128GB models. Customers can order iPhone 7 and iPhone 7 Plus (PRODUCT)RED Special Edition and iPhone SE 32GB and 128GB models beginning Friday, March 24th, 2017.
On March 20th, 2017, research firm Barclays reiterated its 'Overweight' rating on the Company's stock with an increase of the target price from $65 a share to $70 a share. Register for free on Stock-Callers.com and access the latest report on TMUS at:
At the closing bell on Thursday, Sarasota, Florida headquartered xG Technology Inc.'s stock finished flat at $1.55 with a total trading volume of 361,331 shares. The Company's shares have gained 14.81% on an YTD basis. The stock is trading 60.12% above its 200-day moving average. Additionally, shares of xG Technology, which engages in the development of communication technologies for wireless networks worldwide, have an RSI of 49.16.
On March 17th, 2017, xG Technology announced that it has reached an agreement with Pebble Beach Systems, formerly known as Vislink, PLC, for extinguishing the remaining deferred debt from the acquisition of Vislink. All deferred payments due from xG against the original promissory notes covering the acquisition of Vislink are now settled in full, and all liens are released. Get free access to your research report on XGTI at:
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