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Boingo Wireless (NASDAQ:WIFI) was downgraded by TheStreet from a “hold” rating to a “sell” rating in a research note issued on Friday.

The analysts wrote, “Boingo Wireless (WIFI) has been downgraded by TheStreet Ratings from hold to sell. The company’s weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity and generally disappointing historical performance in the stock itself.”

Separately, analysts at Zacks upgraded shares of Boingo Wireless from an “underperform” rating to a “neutral” rating in a research note on Tuesday, April 29th. They now have a $6.70 price target on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $7.64.

In other Boingo Wireless news, CEO David Hagan sold 25,000 shares of the company’s stock on the open market in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $6.33, for a total value of $158,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Boingo Wireless (NASDAQ:WIFI) traded up 0.16% on Friday, hitting $6.35. 278,607 shares of the company’s stock traded hands. Boingo Wireless has a 52 week low of $5.06 and a 52 week high of $8.00. The stock has a 50-day moving average of $6.62 and a 200-day moving average of $6.4. The company’s market cap is $225.7 million.

Boingo Wireless (NASDAQ:WIFI) last posted its quarterly earnings results on Thursday, May 8th. The company reported ($0.15) EPS for the quarter, meeting the Thomson Reuters consensus estimate of ($0.15). The company had revenue of $26.50 million for the quarter, compared to the consensus estimate of $24.98 million. During the same quarter in the prior year, the company posted ($0.03) earnings per share. The company’s quarterly revenue was up 14.7% on a year-over-year basis. Analysts expect that Boingo Wireless will post $-0.32 EPS for the current fiscal year.

Boingo Wireless, Inc (NASDAQ:WIFI) provides mobile Internet through wireless fidelity (Wi-Fi) networks globally.

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