RadioShack’s Estimates Raised at Barclays Capital (RSH)

By
A A A
Share |

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 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 .



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

Created by Dividend.com


This article appears in: Investing , Stocks

Referenced Stocks: RSH

Dividend.com

Dividend.com

More from Dividend.com:

Related Videos

Stocks

Referenced

75%

Most Active by Volume

84,725,997
  • $6.69 ▼ 5.11%
68,180,500
  • $3.38 ▼ 1.74%
52,748,572
  • $99.02 ▲ 1.38%
40,996,811
  • $74.92 ▼ 0.36%
37,831,986
  • $15.50 ▼ 0.58%
34,013,720
  • $31.98 ▼ 4.31%
32,417,159
  • $25.59 ▼ 0.78%
31,985,971
  • $54.87 ▲ 1.20%
As of 7/28/2014, 04:05 PM