Sprint (NYSE:S) was downgraded by research analysts at Vetr from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Thursday. They presently have a $5.90 target price on the cell phone carrier’s stock. Vetr‘s target price would indicate a potential upside of 1.72% from the company’s previous close.
Several other equities analysts have also recently weighed in on S. Moffett Nathanson reaffirmed a “sell” rating on shares of Sprint in a research note on Thursday, October 12th. KeyCorp set a $5.00 price target on shares of Sprint and gave the stock an “underweight” rating in a research note on Tuesday. TheStreet cut shares of Sprint from a “c-” rating to a “d+” rating in a research note on Tuesday, December 19th. Oppenheimer reaffirmed a “hold” rating on shares of Sprint in a research note on Wednesday, September 20th. Finally, Zacks Investment Research cut shares of Sprint from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Seven equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $6.72.
Shares of Sprint (S) opened at $5.80 on Thursday. Sprint has a 52 week low of $5.42 and a 52 week high of $9.65. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.03 and a current ratio of 1.10. The stock has a market capitalization of $23,200.00, a P/E ratio of -38.67 and a beta of 0.79.
Sprint (NYSE:S) last posted its earnings results on Wednesday, October 25th. The cell phone carrier reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. Sprint had a negative return on equity of 3.19% and a negative net margin of 1.82%. The business had revenue of $7.93 billion during the quarter, compared to analysts’ expectations of $8.05 billion. During the same period in the prior year, the business earned ($0.04) EPS. Sprint’s revenue for the quarter was down 3.9% compared to the same quarter last year. analysts anticipate that Sprint will post -0.02 earnings per share for the current year.
In other news, insider Dow Draper sold 292,707 shares of Sprint stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $5.71, for a total transaction of $1,671,356.97. Following the completion of the sale, the insider now owns 1,165,158 shares of the company’s stock, valued at $6,653,052.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Group Corp Softbank bought 6,484,367 shares of the company’s stock in a transaction dated Tuesday, November 7th. The shares were purchased at an average cost of $5.92 per share, with a total value of $38,387,452.64. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 49,510,561 shares of company stock valued at $290,848,009 and have sold 913,236 shares valued at $5,377,413. Company insiders own 0.18% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the company. Financial Counselors Inc. lifted its holdings in shares of Sprint by 1.7% during the second quarter. Financial Counselors Inc. now owns 12,173 shares of the cell phone carrier’s stock worth $100,000 after buying an additional 201 shares in the last quarter. Commerce Bank acquired a new stake in shares of Sprint during the third quarter worth $100,000. Advisors Asset Management Inc. lifted its holdings in shares of Sprint by 2.2% during the second quarter. Advisors Asset Management Inc. now owns 14,809 shares of the cell phone carrier’s stock worth $122,000 after buying an additional 318 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new stake in shares of Sprint during the third quarter worth $141,000. Finally, Americafirst Capital Management LLC acquired a new stake in shares of Sprint during the third quarter worth $156,000. 13.74% of the stock is owned by institutional investors.
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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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