An issue of Sprint Corp. (NYSE:S) bonds fell 2% as a percentage of their face value during trading on Friday. The debt issue has a 7.125% coupon and will mature on June 15, 2024. The debt is now trading at $97.72 and was trading at $97.72 last week. Price changes in a company’s bonds in credit markets often predict parallel changes in its share price.

S has been the subject of several research analyst reports. Macquarie reiterated an “outperform” rating and issued a $4.00 price objective on shares of Sprint Corp. in a research report on Thursday, June 23rd. Robert W. Baird reissued a “neutral” rating and issued a $3.00 target price on shares of Sprint Corp. in a report on Tuesday, June 28th. Zacks Investment Research lowered Sprint Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, July 5th. Pacific Crest reissued a “sell” rating on shares of Sprint Corp. in a report on Sunday, July 17th. Finally, Nomura reissued a “neutral” rating and issued a $4.00 target price on shares of Sprint Corp. in a report on Sunday, July 24th. Nine analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have issued a buy rating to the company. Sprint Corp. has an average rating of “Hold” and a consensus target price of $4.49.

Sprint Corp. (NYSE:S) traded down 0.77% during midday trading on Friday, reaching $6.48. The company’s stock had a trading volume of 12,176,605 shares. The stock has a 50 day moving average of $6.47 and a 200 day moving average of $4.80. Sprint Corp. has a 52 week low of $2.18 and a 52 week high of $7.03. The firm’s market capitalization is $25.78 billion.

Sprint Corp. (NYSE:S) last released its quarterly earnings results on Monday, July 25th. The cell phone carrier reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.00. The company earned $8 billion during the quarter, compared to the consensus estimate of $8.69 billion. Sprint Corp. had a negative return on equity of 10.53% and a negative net margin of 7.08%. The firm’s revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.46) EPS. On average, equities research analysts predict that Sprint Corp. will post ($0.83) earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of S. Nomura Holdings Inc. boosted its position in Sprint Corp. by 290.2% in the second quarter. Nomura Holdings Inc. now owns 2,020,597 shares of the cell phone carrier’s stock valued at $9,024,000 after buying an additional 1,502,744 shares during the period. Public Employees Retirement System of Ohio raised its stake in Sprint Corp. by 4.4% in the second quarter. Public Employees Retirement System of Ohio now owns 295,733 shares of the cell phone carrier’s stock valued at $1,340,000 after buying an additional 12,500 shares in the last quarter. Investment Centers of America Inc. raised its stake in Sprint Corp. by 19.2% in the second quarter. Investment Centers of America Inc. now owns 77,705 shares of the cell phone carrier’s stock valued at $355,000 after buying an additional 12,530 shares in the last quarter. Calvert Investment Management Inc. raised its stake in Sprint Corp. by 1.6% in the second quarter. Calvert Investment Management Inc. now owns 33,840 shares of the cell phone carrier’s stock valued at $153,000 after buying an additional 548 shares in the last quarter. Finally, Stifel Financial Corp raised its stake in Sprint Corp. by 21.5% in the second quarter. Stifel Financial Corp now owns 210,461 shares of the cell phone carrier’s stock valued at $954,000 after buying an additional 37,253 shares in the last quarter. 14.92% of the stock is owned by institutional investors and hedge funds.

Sprint Corp. Company Profile

Sprint Corporation is a holding company. The Company, along with its subsidiaries is a wireless communications company offering a range of wireless and wireline communications products and services. The Company operates in two segments: Wireless and Wireline. Its services are provided through its ownership of wireless networks, an all-digital global wireline network and a Tier 1 Internet backbone.

5 Day Chart for NYSE:S

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