Sprint Corporation (S) Stock Rating Lowered by BidaskClub
Sprint Corporation (NYSE:S) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Friday.
S has been the topic of several other research reports. SunTrust Banks, Inc. assumed coverage on shares of Sprint Corporation in a research note on Tuesday, April 18th. They issued a “hold” rating and a $9.00 target price on the stock. 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. Macquarie increased their target price on shares of Sprint Corporation from $10.00 to $11.00 and gave the company an “outperform” rating in a research note on Thursday, May 4th. Cowen and Company reduced their target price on shares of Sprint Corporation from $7.50 to $6.50 and set a “market perform” rating on the stock in a research note on Thursday, May 4th. Finally, TheStreet raised shares of Sprint Corporation from a “d+” rating to a “c+” rating in a research note on Wednesday, May 3rd. Seven research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. Sprint Corporation has an average rating of “Hold” and an average price target of $9.89.
Sprint Corporation (NYSE S) opened at 8.31 on Friday. Sprint Corporation has a 12-month low of $5.83 and a 12-month high of $9.65. The company has a 50-day moving average of $8.33 and a 200 day moving average of $8.47. The company’s market capitalization is $33.21 billion.
Sprint Corporation (NYSE:S) last released its quarterly earnings data on Tuesday, August 1st. The cell phone carrier reported $0.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.06. Sprint Corporation had a negative net margin of 2.08% and a negative return on equity of 3.66%. The business had revenue of $8.16 billion during the quarter, compared to analyst estimates of $8.14 billion. During the same quarter last year, the business earned ($0.08) earnings per share. Sprint Corporation’s quarterly revenue was up 1.8% compared to the same quarter last year. Equities research analysts forecast that Sprint Corporation will post ($0.83) earnings per share for the current fiscal year.
In related news, VP Paul W. Schieber, Jr. sold 24,465 shares of Sprint Corporation stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $8.22, for a total value of $201,102.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is owned by company insiders.
A number of institutional investors have recently bought and sold shares of the company. Creative Planning raised its position in Sprint Corporation by 5.0% in the first quarter. Creative Planning now owns 123,149 shares of the cell phone carrier’s stock worth $1,069,000 after buying an additional 5,884 shares in the last quarter. Capstone Asset Management Co. raised its position in Sprint Corporation by 9.2% in the first quarter. Capstone Asset Management Co. now owns 18,432 shares of the cell phone carrier’s stock worth $160,000 after buying an additional 1,552 shares in the last quarter. DnB Asset Management AS raised its position in Sprint Corporation by 8.7% in the first quarter. DnB Asset Management AS now owns 89,120 shares of the cell phone carrier’s stock worth $774,000 after buying an additional 7,100 shares in the last quarter. Candriam Luxembourg S.C.A. raised its position in Sprint Corporation by 44.4% in the first quarter. Candriam Luxembourg S.C.A. now owns 315,856 shares of the cell phone carrier’s stock worth $2,742,000 after buying an additional 97,068 shares in the last quarter. Finally, Nationwide Fund Advisors acquired a new position in Sprint Corporation during the first quarter worth about $2,862,000. 14.35% of the stock is owned by institutional investors.
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.
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