Divesified Communication Stocks: BlackBerry Ltd (NASDAQ:BBRY), Oi SA (ADR) (NYSE:OIBR), Level 3 Communications, Inc. (NYSE:LVLT), Towerstream Corporation (NASDAQ:TWER), Sky-mobi Ltd (ADR) (NASDAQ:MOBI)
BlackBerry Ltd (NASDAQ:BBRY), has agreed a licensing deal with Amazon.com Inc that will let the Canadian smartphone maker offer some 240,000 Android applications from Amazon’s app store on its line-up ofBlackBerry 10 devices this fall. BlackBerry Ltd (NASDAQ:BBRY), net profit margin is -6.73% and weekly performance is 6.56%. On last trading day company shares ended up $8.29. Analysts mean target price for the company is $10.90. BlackBerry Ltd (NASDAQ:BBRY), distance from 50-day simple moving average (SMA50) is 10.00%.
Oi SA (ADR) (NYSE:OIBR)’s shares dropped 1.61% to $0.94. Oi S.A. (“Oi”, Bovespa: OIBR3, OIBR4; NYSE: OIBR and OIBR.C) and Telemar Participacoes S.A. (“TmarPart”), on May 16 hereby discloses the following regarding the transaction that will result in the combination of activities, business and shareholder bases of Oi, Portugal Telecom SGPS S.A. (“Portugal Telecom” and, together with Oi and TmarPart, the “Companies”) and TmarPart to their shareholders and the market in general. Oi SA (ADR) (NYSE:OIBR), fell 1.15% in last trading session and ended the day on $0.948. Oi SA (ADR) (NYSE:OIBR), quarterly performance is -33.57%.
Telecommunications services company Level 3 Communications, Inc. (NYSE:LVLT), said it would buy internet services providertw telecom Inc for $40.86 per share in cash and stock to expand its commercial fiber network in the United States. Level 3 Communications, Inc. (NYSE:LVLT), shares moved up 6.07% in last trading session and was closed at $45.60, while trading in range of $42.90 – 45.97. Level 3 Communications, Inc. (NYSE:LVLT), year to date (YTD) performance is 37.47%.
On June 02, 2014, Towerstream Corporation (NASDAQ:TWER), said it has announced a small cell services teaming agreement with Alcatel-Lucent (NYSE: ALU) enabling a one-stop solution for carriers to deploy Small Cell wireless infrastructure. Towerstream Corporation (NASDAQ:TWER), ended the last trading day at $1.86. Company weekly volatility is calculated as 4.00% and price to cash ratio as 5.83. Towerstream Corporation (NASDAQ:TWER), showed a negative weekly performance of 6.29%.
Sky-mobi Ltd (ADR) (NASDAQ:MOBI), a leading mobile application platform in China, announced the sale of its 37.9% equity interest in Shanghai Fangcun Information Technology Co., Ltd. (“Fangcun”), a leading China-based mobile game developer, to Guangdong Alpha Animation and Culture Co., Ltd. (sz:002292), a company listed on the Shenzhen Stock Exchange. The Company realized a capital gain of RMB56.4 million1 from this transaction. Sky-mobi Ltd (ADR) (NASDAQ:MOBI), net profit margin is 5.30% and weekly performance is 9.97%. On last trading day company shares ended up $7.17. Analysts mean target price for the company is $7.50. Sky-mobi Ltd (ADR) (NASDAQ:MOBI), distance from 50-day simple moving average (SMA50) is 4.82%.