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

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 23^rd, 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:

http://stock-callers.com/registration

Sprint  

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 23^rd, 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:

http://stock-callers.com/registration/?symbol=S

Globalstar  

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 08^th, 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 24^th, 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:

http://stock-callers.com/registration/?symbol=GSAT

T-Mobile

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 22^nd, 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 24^th, 2017.

On March 20^th, 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:

http://stock-callers.com/registration/?symbol=TMUS

xG Technology

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 17^th, 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:

http://stock-callers.com/registration/?symbol=XGTI

Stock Callers: 

Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. 

SC has not been compensated; directly or indirectly; for producing or publishing this document. 

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@stock-callers.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.  

NO WARRANTY 

SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. 

NOT AN OFFERING 

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit

http://stock-callers.com/legal-disclaimer/

CONTACT
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: info@stock-callers.com
Phone number: +44-330-808-3765
Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE Chelmsford Park SA