Sprint Corp (S) Given Average Rating of “Hold” by Brokerages

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.

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Sprint by 0.8% during the second quarter. Vanguard Group Inc. now owns 37,971,867 shares of the cell phone carrier’s stock worth $311,749,000 after purchasing an additional 301,765 shares during the period. Odey Asset Management Group Ltd grew its stake in shares of Sprint by 107.3% during the second quarter. Odey Asset Management Group Ltd now owns 8,124,955 shares of the cell phone carrier’s stock worth $66,706,000 after purchasing an additional 4,204,955 shares during the period. Janus Henderson Group PLC grew its stake in shares of Sprint by 6,509.8% during the second quarter. Janus Henderson Group PLC now owns 7,179,430 shares of the cell phone carrier’s stock worth $58,944,000 after purchasing an additional 7,070,812 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Sprint by 0.7% during the second quarter. Dimensional Fund Advisors LP now owns 7,075,012 shares of the cell phone carrier’s stock worth $58,083,000 after purchasing an additional 50,302 shares during the period. Finally, FMR LLC grew its stake in shares of Sprint by 3.1% during the second quarter. FMR LLC now owns 3,835,837 shares of the cell phone carrier’s stock worth $31,492,000 after purchasing an additional 115,192 shares during the period. 13.74% of the stock is owned by institutional investors and hedge funds.

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.

TRADEMARK VIOLATION WARNING: “Sprint Corp (S) Given Average Rating of “Hold” by Brokerages” was first published by Week Herald and is owned by of Week Herald. If you are accessing this piece on another site, it was illegally copied and reposted in violation of United States and international trademark and copyright legislation. The original version of this piece can be viewed at https://weekherald.com/2018/01/13/sprint-corp-s-given-average-rating-of-hold-by-brokerages.html.

About Sprint

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.

Analyst Recommendations for Sprint (NYSE:S)

Receive News & Ratings for Sprint Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sprint and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply