Sprint Corp (NYSE:S) has been assigned a consensus recommendation of “Hold” from the thirteen brokerages that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $5.83.
A number of research analysts recently weighed in on the company. William Blair reiterated an “underperform” rating on shares of Sprint in a report on Monday, February 11th. ValuEngine upgraded Sprint from a “hold” rating to a “buy” rating in a report on Tuesday, December 18th. Finally, Cowen reiterated a “hold” rating and issued a $4.50 target price on shares of Sprint in a report on Monday, February 4th.
Institutional investors and hedge funds have recently modified their holdings of the business. Private Capital Group LLC lifted its stake in shares of Sprint by 51.7% during the fourth quarter. Private Capital Group LLC now owns 6,002 shares of the cell phone carrier’s stock worth $35,000 after purchasing an additional 2,045 shares in the last quarter. Quantamental Technologies LLC acquired a new position in shares of Sprint during the fourth quarter worth about $36,000. Bristlecone Advisors LLC acquired a new position in shares of Sprint during the fourth quarter worth about $58,000. Econ Financial Services Corp acquired a new position in shares of Sprint in the fourth quarter worth about $59,000. Finally, NuWave Investment Management LLC lifted its stake in shares of Sprint by 1,200.7% in the first quarter. NuWave Investment Management LLC now owns 10,991 shares of the cell phone carrier’s stock worth $62,000 after acquiring an additional 10,146 shares in the last quarter. Institutional investors own 13.46% of the company’s stock.
Sprint stock traded down $0.22 during mid-day trading on Monday, hitting $5.88. 15,468,369 shares of the company were exchanged, compared to its average volume of 13,860,080. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.07 and a current ratio of 1.16. The company has a market capitalization of $24.30 billion, a price-to-earnings ratio of 84.00, a PEG ratio of 4.55 and a beta of 0.49. Sprint has a 12-month low of $5.04 and a 12-month high of $6.62.
Sprint (NYSE:S) last released its quarterly earnings results on Thursday, January 31st. The cell phone carrier reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The company had revenue of $8.60 billion for the quarter, compared to analysts’ expectations of $8.40 billion. Sprint had a return on equity of 1.08% and a net margin of 0.90%. During the same period in the previous year, the business posted $1.76 EPS. On average, analysts forecast that Sprint will post 0.05 EPS for the current fiscal year.
Sprint Company Profile
Sprint Corporation, together with its subsidiaries, provides various wireless and wireline communications products and services to consumers, businesses, government subscribers, and resellers in the United States, Puerto Rico, and the United States Virgin Islands. It operates in two segments, Wireless and Wireline.
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