Electronics retailer RadioShack Corporation (
) on Thursday saw its earnings estimates boosted by analysts at
The firm said it raised its estimates for RSH through 2011,
citing the company's share buyback plan as a boost to earnings.
Barclays Capital maintained its "Neutral" rating and $26 price
target, which represents an expected 33% upside to the stock's
Wednesday closing price of $19.58.
RadioShack shares rose 12 cents, or +0.6%, in premarket trading
The Bottom Line
The company has a 1.28% dividend yield, based on last night's
closing stock price of $19.58. The stock has technical support in
the $18 price area. If the shares can firm up, we see overhead
resistance around the $22-$23 price levels. We would remain on the
sidelines for now.
RadioShack Corporation (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.4 out of 5 stars.
Be sure to visit our complete recommended list of the
Best Dividend Stocks
, as well as a detailed explanation of
our ratings system here