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Actionable news in TMUS: T-MOBILE US Inc,

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

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:

Sprint

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:

Globalstar

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...


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