Somewhat Positive News Coverage Likely to Impact Sprint Corporation (NYSE:S) Stock Price
Headlines about Sprint Corporation (NYSE:S) have trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Sprint Corporation earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned news articles about the cell phone carrier an impact score of 75 out of 100, indicating that recent press coverage is likely to have an effect on the stock’s share price in the near term.
Here are some of the news articles that may have effected Accern Sentiment’s analysis:
- Q2 2018 EPS Estimates for Sprint Corporation Reduced by Analyst (S) (americanbankingnews.com)
- SoftBank reports drop in quarterly profit on Alibaba stake (marketbeat.com)
- Sprint Is Said to Resume Early Talks on Merger With T-Mobile (1) (washpost.bloomberg.com)
- Sprint Resumes Preliminary Talks on T-Mobile Merger (finance.yahoo.com)
- Sprint Planning for Agile Teams That Have Lots of Interruptions (dzone.com)
A number of brokerages have commented on S. Vetr downgraded shares of Sprint Corporation from a “buy” rating to a “hold” rating and set a $9.26 target price on the stock. in a research note on Tuesday, April 25th. UBS AG reiterated a “neutral” rating and set a $9.00 price target on shares of Sprint Corporation in a report on Wednesday, August 2nd. Wells Fargo & Company reiterated an “outperform” rating on shares of Sprint Corporation in a report on Wednesday, August 2nd. Cowen and Company restated a “market perform” rating and issued a $6.50 target price on shares of Sprint Corporation in a report on Wednesday, August 2nd. Finally, ValuEngine upgraded shares of Sprint Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Six analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $9.78.
Sprint Corporation (NYSE:S) traded down 0.92% during midday trading on Monday, hitting $8.62. 11,034,107 shares of the company’s stock traded hands. The company’s market capitalization is $34.42 billion. The company has a 50 day moving average of $8.25 and a 200-day moving average of $8.49. Sprint Corporation has a 52 week low of $5.83 and a 52 week high of $9.65.
Sprint Corporation (NYSE:S) last announced its earnings results on Tuesday, August 1st. The cell phone carrier reported $0.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.06. Sprint Corporation had a negative return on equity of 3.66% and a negative net margin of 2.08%. The business had revenue of $8.16 billion for the quarter, compared to analyst estimates of $8.14 billion. During the same quarter last year, the firm earned ($0.08) EPS. Sprint Corporation’s revenue for the quarter was up 1.8% compared to the same quarter last year. Equities research analysts predict that Sprint Corporation will post ($0.83) earnings per share for the current year.
In other Sprint Corporation news, VP Paul W. Schieber, Jr. sold 24,465 shares of the firm’s stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $8.22, for a total value of $201,102.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.18% of the stock is currently owned by company insiders.
WARNING: “Somewhat Positive News Coverage Likely to Impact Sprint Corporation (NYSE:S) Stock Price” was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this article on another website, it was illegally stolen and reposted in violation of United States & international copyright & trademark law. The correct version of this article can be read at https://www.thecerbatgem.com/2017/08/08/sprint-corporation-nyses-given-daily-news-sentiment-score-of-0-13-updated-updated-updated.html.
About Sprint Corporation
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.
Receive News & Stock Ratings for Sprint Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sprint Corporation and related stocks with our FREE daily email newsletter.