Wireless Communications Stocks Under Review -- Sprint, Globalstar, T-Mobile US, and xG Technology

Sep 02, 2016, 07:30 ET from Chelmsford Park SA

NEW YORK, September 2, 2016 /PRNewswire/ --

Increased mobile connectivity demand and rapid technological advancements continue to present growth opportunities to companies in the Wireless Communications space. While challenges are inevitable, continued momentum for the industry is expected. Stock-Callers.com looks at today's featured equities and see how they have performed over the previous weeks: Sprint Corp. (NYSE: S), Globalstar Inc. (NYSE MKT: GSAT), T-Mobile US Inc. (NASDAQ: TMUS), and xG Technology Inc. (NASDAQ: XGTI). Learn more about these stocks by downloading their free research reports in PDF format at:



At the close on Thursday, shares in Overland Park, Kansas headquartered Sprint Corp. rose 0.32%, ending the day at $6.20. The stock recorded a trading volume of 13.40 million shares. The Company's shares have advanced 1.81% in the last one month, 64.02% in the previous three months, and 71.27% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 14.23% and 56.35%, respectively. Moreover, 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 U.S. Virgin Islands, have a Relative Strength Index (RSI) of 62.64.

On August 25th, 2016, research firm Buckingham Research downgraded the Company's stock rating from 'Neutral' to 'Underperform'.

On August 31st, 2016, Sprint and Nokia launched three-channel carrier aggregation in Kansas City's LTE Plus Network. Carrier aggregation is an LTE-Advanced feature that bonds together bands of spectrum to create wider channels, produce greater capacity and deliver faster speeds on capable devices. With three-channel carrier aggregation Sprint will utilize 60 MHz of spectrum in the 2.5 GHz band to provide peak download speeds of more than 200 Mbps on compatible devices. Sprint holds more than 160 MHz of 2.5 GHz spectrum in the top 100 U.S. markets. Sign up and read the free research report on S at:



Shares in Covington, Louisiana headquartered Globalstar Inc. ended the day 8.97% lower at $1.42 and with a total volume of 6.81 million shares traded. In the last month and the previous three months, the stock has surged 20.34% and 51.06%, respectively. The Company's shares are trading above their 50-day moving average by 17.24%. Furthermore, shares of Globalstar, which provides mobile voice and data communications services through satellite worldwide, have an RSI of 61.91.

On August 4th, 2016, Globalstar reported that total revenue for Q2 2016 was $25.1 million compared to $23.0 million for Q2 2015, an increase of $9%. The company's net income decreased $190.7 million from $204.8 million in Q2 2015 to $14.1 million in Q2 2016, primarily because of a $196.6 million decrease in non-cash derivative gains. The complimentary research report on GSAT can be downloaded at:


T-Mobile US

On Thursday, shares in Bellevue, Washington headquartered T-Mobile US Inc. finished 0.19% lower at $46.25 with a total volume of 2.64 million shares traded. The stock has advanced 6.01% over the previous three months and 18.23% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 2.23% and 14.22%, respectively. Additionally, 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 U.S. Virgin Islands, have an RSI of 51.38.

On August 29th, 2016, T-Mobile announced that it is quadrupling the speeds for mobile hotspot data on the T-Mobile ONE plan and introducing new 24 hour high-definition Day Passes for $3.00 per day. The company noted that it is the first and only wireless provider to offer unlimited high speed mobile hotspot data.

On August 29th, 2016, research firm Wells Fargo upgraded the Company's stock rating from 'Market Perform' to 'Outperform'. Register for free on Stock-Callers.com and access the latest report on TMUS at:


xG Technology

Sarasota, Florida headquartered xG Technology Inc.'s shares recorded a trading volume of 3.47 million shares, which was higher than their three months average volume of 1.78 million shares. The stock closed the day at $0.53, dropping 1.67%. The Company's shares have advanced 29.27% in the last one month and are trading below their 50-day moving average by 20.49%. Additionally, shares of xG Technology, which engages in the development of communication technologies for wireless networks worldwide, have an RSI at 50.26.

On August 19th, 2016, xG Technology reported that revenues for Q2 2016 were $1.66 million representing an increase of $1.28 million from revenue of $374,000 in the corresponding period in 2015. For the three months ended June 30th, 2016, the company had a net loss of $4.6 million compared to a net loss of $4.0 million for the three months ended June 30th, 2015. Get free access to your research report on XGTI at:



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