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.

COPYRIGHT VIOLATION WARNING: “Sprint Corporation (S) Stock Rating Lowered by BidaskClub” was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece of content on another publication, it was illegally stolen and reposted in violation of US & international copyright law. The correct version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/08/13/sprint-corporation-s-stock-rating-lowered-by-bidaskclub.html.

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.

Analyst Recommendations for Sprint Corporation (NYSE:S)

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.