Electronics retailer RadioShack Corporation ( RSH
The firm cut its 2010 and 2011 EPS estimates for RSH to $1.87 and $2.05, respectively. Barclays noted that the company's momentum in the mobile phone space continues, however, and maintained its "Overweight" rating and $26 price target for the stock. That target represents a more than 15% upside to RSH's Thursday closing price of $22.51.
RadioShack shares were mostly flat in premarket trading Friday.
The Bottom Line
The company has a 1.11% dividend yield, based on last night's closing stock price of $22.51. The stock has technical support in the $18-$20 price area. If the shares can firm up, we see overhead resistance around the $25 price level. 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.
Created by Dividend.com