Shares of Sprint Corp (NYSE:S) have earned a consensus recommendation of “Hold” from the twenty-three analysts that are covering the stock, MarketBeat Ratings reports. Seven research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $6.61.
Several equities analysts have issued reports on S shares. Oppenheimer reiterated a “hold” rating on shares of Sprint in a research report on Wednesday, September 20th. Zacks Investment Research upgraded Sprint from a “hold” rating to a “buy” rating and set a $8.50 price objective for the company in a research report on Tuesday, October 3rd. Deutsche Bank cut their price objective on Sprint from $8.00 to $7.00 and set a “hold” rating for the company in a research report on Tuesday, October 10th. KeyCorp reiterated a “hold” rating on shares of Sprint in a research report on Wednesday, October 11th. Finally, ValuEngine downgraded Sprint from a “hold” rating to a “sell” rating in a research report on Monday, October 16th.
In related news, major shareholder Group Corp Softbank acquired 6,239,538 shares of the firm’s stock in a transaction that occurred on Thursday, January 11th. The stock was acquired at an average cost of $5.70 per share, with a total value of $35,565,366.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Tarek Robbiati sold 363,529 shares of Sprint stock in a transaction on Monday, November 13th. The stock was sold at an average price of $6.00, for a total value of $2,181,174.00. Following the sale, the chief financial officer now directly owns 1,901,974 shares of the company’s stock, valued at $11,411,844. The disclosure for this sale can be found here. Over the last three months, insiders bought 66,259,693 shares of company stock valued at $386,856,614 and sold 913,236 shares valued at $5,377,413. 0.18% of the stock is currently owned by company insiders.
Sprint (S) opened at $5.69 on Friday. The company has a current ratio of 1.10, a quick ratio of 1.03 and a debt-to-equity ratio of 1.80. The company has a market capitalization of $22,760.00, a P/E ratio of -37.93 and a beta of 0.79. Sprint has a 52-week low of $5.42 and a 52-week high of $9.65.
Sprint (NYSE:S) last posted its earnings results on Wednesday, October 25th. The cell phone carrier reported ($0.01) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.01. The business had revenue of $7.93 billion during the quarter, compared to the consensus estimate of $8.05 billion. Sprint had a negative return on equity of 3.19% and a negative net margin of 1.82%. Sprint’s revenue was down 3.9% on a year-over-year basis. During the same quarter last year, the company earned ($0.04) EPS. analysts forecast that Sprint will post -0.02 earnings per share for the current fiscal year.
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Sprint Corporation (Sprint) is a holding company. The Company, along with its subsidiaries, is a communications company offering a range of wireless and wireline communications products and services that are designed to meet the needs of consumers, businesses, government subscribers and resellers. It operates through two segments: Wireless and Wireline.
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