Raymond James lowered shares of Clearwire (NASDAQ: CLWR) from a market perform rating to an underperform rating in a report released on Wednesday.
Shares of Clearwire traded down 0.47% during mid-day trading on Wednesday, hitting $3.155. Clearwire has a one year low of $0.83 and a one year high of $3.42. The stock’s 50-day moving average is currently $3.12. The company’s market cap is $4.622 billion.
Several other analysts have also recently commented on the stock. Analysts at DA Davidson downgraded shares of Clearwire from a neutral rating to an underperform rating in a research note to investors on Monday, February 4th. They now have a $2.97 price target on the stock. Separately, analysts at Wells Fargo downgraded shares of Clearwire from an outperform rating to a market perform rating in a research note to investors on Monday, January 7th.
Seven analysts have rated the stock with a hold rating, one has given an underweight rating, and two have assigned a sell rating to the stock. Clearwire presently has an average rating of underweight and a consensus price target of $3.12.
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