Clearwire Corporation(NASDAQ:CLWR) shares fell 10.39% and closed at $1.38 in the last trading session. Morgan Stanley restated their underweight rating on shares of Clearwire in a research note issued to investors yesterday. The firm currently has a $1.00 target price on the stock. Additionally, analysts predict that Clearwire will post $-1.18 earnings per share for the current fiscal year.
Additionally, Time Warner Cable Inc. has disclosed plans to sell its entire 7.8% stake in wireless broadband services provider Clearwire Corp.
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