BTIG Research reaffirmed their sell rating on shares of Sprint Corp. (NYSE:S) in a research report sent to investors on Sunday morning. The firm currently has a $2.50 target price on the cell phone carrier’s stock, up from their prior target price of $2.00.

A number of other analysts have also issued reports on S. Wells Fargo & Co. reissued a buy rating on shares of Sprint Corp. in a research note on Monday, November 14th. FBR & Co reissued an outperform rating and issued a $8.00 price target on shares of Sprint Corp. in a research note on Thursday, October 27th. Jefferies Group reissued an outperform rating and issued a $4.50 price target (up from $2.50) on shares of Sprint Corp. in a research note on Wednesday, October 26th. Citigroup Inc. reissued a neutral rating and issued a $7.00 price target on shares of Sprint Corp. in a research note on Wednesday, October 26th. Finally, Nomura reissued a neutral rating and issued a $6.00 price target on shares of Sprint Corp. in a research note on Saturday, October 22nd. Ten equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $4.63.

Shares of Sprint Corp. (NYSE:S) opened at 7.35 on Friday. The stock’s market capitalization is $29.26 billion. The company’s 50 day moving average is $6.60 and its 200-day moving average is $5.34. Sprint Corp. has a 1-year low of $2.18 and a 1-year high of $7.56.

Sprint Corp. (NYSE:S) last posted its quarterly earnings data on Tuesday, October 25th. The cell phone carrier reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.03. The firm earned $8.25 billion during the quarter, compared to analysts’ expectations of $8.69 billion. Sprint Corp. had a negative return on equity of 8.91% and a negative net margin of 5.65%. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the business posted ($0.15) EPS. Equities analysts anticipate that Sprint Corp. will post ($0.83) earnings per share for the current fiscal year.

In other Sprint Corp. news, insider Roger Sole-Rafols sold 49,844 shares of the business’s stock in a transaction on Wednesday, November 16th. The stock was sold at an average price of $7.53, for a total transaction of $375,325.32. Following the completion of the transaction, the insider now owns 1,516,241 shares in the company, valued at approximately $11,417,294.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Paul W. Schieber, Jr. sold 52,375 shares of the business’s stock in a transaction on Monday, November 14th. The stock was sold at an average price of $7.36, for a total value of $385,480.00. Following the transaction, the vice president now owns 205,808 shares of the company’s stock, valued at approximately $1,514,746.88. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in S. Quantitative Systematic Strategies LLC acquired a new position in shares of Sprint Corp. during the third quarter worth about $248,000. LPL Financial LLC raised its position in shares of Sprint Corp. by 0.7% in the third quarter. LPL Financial LLC now owns 15,566 shares of the cell phone carrier’s stock worth $104,000 after buying an additional 111 shares during the period. Cornerstone Capital Management Holdings LLC. acquired a new position in shares of Sprint Corp. during the third quarter worth about $10,227,000. Credit Suisse AG raised its position in shares of Sprint Corp. by 3.6% in the third quarter. Credit Suisse AG now owns 2,325,924 shares of the cell phone carrier’s stock worth $15,421,000 after buying an additional 80,446 shares during the period. Finally, Intl Fcstone Inc. acquired a new position in shares of Sprint Corp. during the third quarter worth about $298,000. Institutional investors own 14.73% 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

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