RadioShack’s Estimates Raised at Barclays Capital (RSH)


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Electronics retailer RadioShack Corporation ( RSH ) on Thursday saw its earnings estimates boosted by analysts at Barclays Capital.

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 Thursday.

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 ( RSH ) is not recommended at this time, holding a 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 .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing Stocks
Referenced Stocks: RSH

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