An issue of Sprint Corp. (NYSE:S) bonds fell 1.6% against their face value during trading on Wednesday. The high-yield debt issue has a 6.9% coupon and is set to mature on May 1, 2019. The debt is now trading at $102.50 and was trading at $104.00 one week ago. Price moves in a company’s bonds in credit markets sometimes anticipate parallel moves in its share price.

Several equities analysts have recently weighed in on the company. Nomura boosted their target price on Sprint Corp. to $6.00 in a research report on Tuesday, July 26th. Jefferies Group reaffirmed an “underperform” rating and issued a $2.25 price objective on shares of Sprint Corp. in a research report on Saturday, October 15th. BTIG Research reaffirmed a “sell” rating and issued a $2.50 price objective (up previously from $2.00) on shares of Sprint Corp. in a research report on Sunday. Macquarie reaffirmed an “outperform” rating and issued a $7.00 price objective on shares of Sprint Corp. in a research report on Friday, September 23rd. Finally, RBC Capital Markets reaffirmed a “sector perform” rating and issued a $6.00 price objective (up previously from $5.00) on shares of Sprint Corp. in a research report on Tuesday, July 26th. Ten equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $4.68.

Shares of Sprint Corp. (NYSE:S) traded up 0.52% on Wednesday, hitting $7.69. The stock had a trading volume of 10,554,123 shares. Sprint Corp. has a 52-week low of $2.18 and a 52-week high of $7.81. The firm’s market cap is $30.62 billion. The firm’s 50-day moving average price is $6.77 and its 200 day moving average price is $5.57.

Sprint Corp. (NYSE:S) last released its earnings results on Tuesday, October 25th. The cell phone carrier reported ($0.04) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.03. Sprint Corp. had a negative return on equity of 8.91% and a negative net margin of 5.65%. The firm earned $8.25 billion during the quarter, compared to analysts’ expectations of $8.69 billion. During the same period in the previous year, the firm posted ($0.15) EPS. Sprint Corp.’s revenue for the quarter was up 3.4% on a year-over-year basis. On average, equities research analysts predict that Sprint Corp. will post ($0.83) EPS for the current year.

In related news, 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 transaction of $385,480.00. Following the completion of the transaction, the vice president now directly owns 205,808 shares of the company’s stock, valued at approximately $1,514,746.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $375,325.32. Following the transaction, the insider now directly owns 1,516,241 shares of the company’s stock, valued at $11,417,294.73. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in S. LPL Financial LLC boosted its position in Sprint Corp. by 0.7% in the third quarter. LPL Financial LLC now owns 15,566 shares of the cell phone carrier’s stock valued at $104,000 after buying an additional 111 shares during the last quarter. HighTower Advisors LLC boosted its position in Sprint Corp. by 14.4% in the third quarter. HighTower Advisors LLC now owns 15,740 shares of the cell phone carrier’s stock valued at $102,000 after buying an additional 1,983 shares in the last quarter. Dai Ichi Life Holdings Inc. acquired a new position in Sprint Corp. during the third quarter valued at about $108,000. Highland Capital Management LLC acquired a new position in Sprint Corp. during the third quarter valued at about $121,000. Finally, Private Bank & Trust Co. boosted its position in 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. 14.90% of the stock is owned by hedge funds and other institutional investors.

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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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