An issue of Sprint Corp. (NYSE:S) debt rose 1.2% against its face value during trading on Thursday. The high-yield issue of debt has a 7.25% coupon and will mature on September 15, 2021. The bonds in the issue are now trading at $101.63 and were trading at $100.95 one week ago. Price changes in a company’s debt in credit markets sometimes predict parallel changes in its share price.

Several brokerages have recently commented on S. Pacific Crest restated a “sell” rating on shares of Sprint Corp. in a research report on Sunday, July 17th. Oppenheimer Holdings Inc. restated a “market perform” rating on shares of Sprint Corp. in a research report on Tuesday, July 26th. Royal Bank Of Canada boosted their target price on shares of Sprint Corp. from $5.00 to $6.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 26th. Morgan Stanley boosted their target price on shares of Sprint Corp. from $3.00 to $4.40 and gave the company an “underweight” rating in a research report on Thursday, July 28th. Finally, Jefferies Group restated an “underperform” rating and issued a $2.25 target price on shares of Sprint Corp. in a research report on Saturday. Nine research analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $4.54.

Sprint Corp. (NYSE:S) traded up 3.84% during mid-day trading on Friday, hitting $7.03. 31,921,728 shares of the stock traded hands. Sprint Corp. has a 52-week low of $2.18 and a 52-week high of $7.10. The firm’s 50-day moving average is $6.57 and its 200 day moving average is $4.92. The firm’s market cap is $27.97 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 for the quarter, beating the consensus estimate of ($0.08) by $0.00. The business had revenue of $8 billion for the quarter, compared to analysts’ expectations of $8.69 billion. Sprint Corp. had a negative net margin of 7.08% and a negative return on equity of 10.53%. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.46) earnings per share. Equities analysts predict that Sprint Corp. will post ($0.83) EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in the stock. Metropolitan Life Insurance Co. NY raised its position in shares of Sprint Corp. by 3.5% in the second quarter. Metropolitan Life Insurance Co. NY now owns 22,411 shares of the cell phone carrier’s stock valued at $102,000 after buying an additional 758 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of Sprint Corp. by 16.6% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 25,415 shares of the cell phone carrier’s stock valued at $115,000 after buying an additional 3,612 shares in the last quarter. Oppenheimer & Co. Inc. raised its position in shares of Sprint Corp. by 4.0% in the second quarter. Oppenheimer & Co. Inc. now owns 26,155 shares of the cell phone carrier’s stock valued at $119,000 after buying an additional 1,000 shares in the last quarter. Highland Capital Management LLC purchased a new position in shares of Sprint Corp. during the third quarter valued at approximately $121,000. Finally, Private Bank & Trust Co. raised its position in shares of Sprint Corp. by 80.4% in the third quarter. Private Bank & Trust Co. now owns 18,515 shares of the cell phone carrier’s stock valued at $123,000 after buying an additional 8,250 shares in the last quarter. Institutional investors and hedge funds own 14.92% of the company’s stock.

Sprint Corp. 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.

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.