T-Mobile US Inc(TMUS), Sprint Corp(S) and Globalstar Inc(GSAT) All Down On The Day, But Which Way Are They Headed?
New York, NY – GDP INSIDER – 03/11/2015.
This article discusses three companies: T-Mobile US Inc(NYSE:TMUS), Sprint Corp(NYSE:S) and Globalstar Inc(NYSEMKT:GSAT)
T-Mobile US Inc(NYSE:TMUS) fell back again slightly yesterday to close down 2.00% or $0.66 at $32.36 on lighter than average trading volume of 4.341 million compared to its three month average of 5.085 million. The mobile service provider has been doing well so far this year posting the 4th highest YTD share price increase of US wireless companies with a gain of 20.12%, a big improvement over its 52 week performance which is only up 4.49%. With a one year target estimate of $37.00, the stock has more upside potential making it a hold with a view to buy.
Sprint Corp(NYSE:S) had a fairly slow trading day dropping 5.62% or $0.30 to close at $5.04 on average trading volume of 19.693 million shares. Sprint Corp has managed a remarkable turnaround so far this year, with the 3rd highest YTD gain of 21.45% in the US wireless communications sector, compared to its overall 52 week drop of 42.14%. With the stock converging towards a bearish MACD crossover it is unclear whether the stock can maintain its recent upward momentum making it a wise hold for now, rather than buy.
Globalstar Inc(NYSEMKT:GSAT), along with much of the wireless communications sector, dipped slightly yesterday closing down 2.33% or $0.07 at $2.94 on slightly lower than average trading volume of 2.394 million shares. The stock has been climbing recently after Globalstar Inc reported very positive fourth quarter and full year results last week. The Louisiana based company reported a Q4 net income of $92 million compared to a loss for the same quarter last year and an adjusted EPS of $0.01. With more positive results it could reach its one year target estimate of $5.50.
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