Sprint Corporation’s (NYSE:S) “Neutral” Rating Reaffirmed at UBS AG

Sprint Corporation (NYSE:S)‘s stock had its “neutral” rating reissued by equities researchers at UBS AG in a research note issued on Wednesday, August 2nd, www.flashratings.com reports. They currently have a $9.00 price objective on the cell phone carrier’s stock. UBS AG’s price target points to a potential upside of 8.30% from the stock’s current price.

Several other equities analysts have also issued reports on S. Cowen and Company restated a “hold” rating and issued a $6.50 target price on shares of Sprint Corporation in a report on Wednesday, July 19th. Jefferies Group LLC reiterated a “sell” rating and set a $5.00 price objective on shares of Sprint Corporation in a report on Friday, July 14th. Royal Bank Of Canada reiterated a “hold” rating and set a $8.00 price objective on shares of Sprint Corporation in a report on Sunday, July 9th. Wells Fargo & Company reiterated an “outperform” rating on shares of Sprint Corporation in a report on Wednesday, June 28th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating on shares of Sprint Corporation in a report on Wednesday, June 28th. Seven investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $9.89.

Shares of Sprint Corporation (NYSE S) opened at 8.31 on Wednesday. The company’s market cap is $33.21 billion. The company has a 50 day moving average of $8.33 and a 200-day moving average of $8.47. Sprint Corporation has a 52-week low of $5.83 and a 52-week high of $9.65.

Sprint Corporation (NYSE:S) last issued its quarterly earnings results on Tuesday, August 1st. The cell phone carrier reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.06. The company had revenue of $8.16 billion for the quarter, compared to analyst estimates of $8.14 billion. Sprint Corporation had a negative net margin of 2.08% and a negative return on equity of 3.66%. Sprint Corporation’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.08) earnings per share. Analysts forecast that Sprint Corporation will post ($0.83) EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This news story was posted by Transcript Daily and is owned by of Transcript Daily. If you are reading this news story on another domain, it was illegally copied and reposted in violation of US & international trademark and copyright law. The legal version of this news story can be accessed at https://transcriptdaily.com/2017/08/13/sprint-corporation-nyses-given-neutral-rating-at-ubs-ag-updated.html.

In other news, VP Paul W. Schieber, Jr. sold 24,465 shares of the firm’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $8.22, for a total value of $201,102.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.18% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of S. Profund Advisors LLC raised its stake in Sprint Corporation by 91.6% in the first quarter. Profund Advisors LLC now owns 249,798 shares of the cell phone carrier’s stock worth $2,168,000 after buying an additional 119,423 shares in the last quarter. IFC Holdings Incorporated FL purchased a new stake in Sprint Corporation during the first quarter worth $241,000. Sigma Planning Corp purchased a new stake in Sprint Corporation during the first quarter worth $135,000. Personal Capital Advisors Corp purchased a new stake in Sprint Corporation during the first quarter worth $680,000. Finally, Mn Services Vermogensbeheer B.V. raised its stake in Sprint Corporation by 5.0% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 20,647 shares of the cell phone carrier’s stock worth $168,000 after buying an additional 981 shares in the last quarter. 14.35% of the stock is owned by institutional investors.

Sprint Corporation Company Profile

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 Corporation (NYSE:S)

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

Leave a Reply