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Zacks Investment Research downgraded Boingo Wireless Inc (NASDAQ:WIFI) to Hold in a report released today.

Yesterday Boingo Wireless Inc (NASDAQ:WIFI) traded 0.16% higher at $14.53. The company’s 50-day moving average is $15.73 and its 200-day moving average is $14.14. The last stock close price is up 30.17% from the 200-day moving average, compared to the S&P 500 which has increased 0.05% over the same time. 339,015 shares of the stock were exchanged, down from an average trading volume of 367,641

Zacks Investment Research has downgraded Boingo Wireless Inc (NASDAQ:WIFI) to Hold in a report released on Friday July 07, 2017.

Previously on 7/05/2017, Zacks Investment Research reported about Boingo Wireless Inc (NASDAQ:WIFI) raised the target price from $0.00 to $17.00. At the time, this indicated a possible upside of 0.16%.

See Chart Below

Boingo Wireless Inc (NASDAQ:WIFI)

Boingo Wireless Inc has a 52 week low of $8.10 and a 52 week high of $19.42 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its target price, a total of 5 firms have reported on the stock. The consensus target price is $11.65 with 0 firms rating the stock a strong buy, 0 firms rating the stock a buy, 0 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Boingo Wireless Inc (NASDAQ:WIFI)

Boingo Wireless, Inc. is a provider of commercial mobile wireless fidelity (Wi-Fi) Internet solutions and indoor direct-attached storage (DAS) services. The Company operates as a service provider of wireless connectivity solutions across its managed and operated network and aggregated network for mobile devices such as laptops, smartphones, tablets and other wireless-enabled consumer devices. It acquires long-term wireless rights at venues, such as airports, transportation hubs, stadiums, arenas, universities, convention centers, and office campuses; builds wireless networks, such as DAS, Wi-Fi and small cells at those venues, and monetizes the wireless networks through a range of products and services. As of December 31, 2016, the Company operated 36 DAS networks containing approximately 19,200 DAS nodes. Its Wi-Fi network includes locations that the Company manages and operates, as well as networks managed and operated by third-parties with whom it contracts for access.

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