radio shack

There is potential upside of 17.2% in shares of RadioShack based on a current price of $15.20 and an average consensus analyst price target of $17.82. RadioShack shares should first meet with resistance at the 50-day moving averag

A week ago, RBC Capital downgraded RadioShack from Outperform to Sector Performer. RadioShack stocks closed at $15.06, a 3.3% loss over the course of one week.

Equity futures are pointing higher this morning with the Dow Jones Industrial Average looking to open 8 points higher while the broader S&P500 index is looking to open less than a point higher.

The firm had sales growth of 0.1% during the last fiscal year; it has reported $4.4 billion in sales over the past 12 months and is expected to report $4.6 billion in sales in the next fiscal year.

The company was previously downgraded on November 11, 2010, to Equal Weight from Overweight, with a $22.00 price target, at Barclays Capital.

RadioShack Corp. (NYSE:RSH) was cut from Outperform to Market Perform on Monday at FBR Capital Markets. Company shares fell 5.6% earlier in the day, and continue to trade 5.50% lower at $17.35.

The firm made the call based relative valuation, a slower turnaround from investments, and the potential impact from the Verizon iPhone.

The firm has a $20 price target on company shares.

Shares of RadioShack (RSH) are down in pre-market trading as the company is reportedly downgraded to Neutral from Outperform at Credit Suisse.