Somewhat Positive News Coverage Somewhat Unlikely to Impact Sprint Corporation (S) Stock Price
News stories about Sprint Corporation (NYSE:S) have trended somewhat positive recently, according to Accern. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Sprint Corporation earned a news impact score of 0.07 on Accern’s scale. Accern also gave press coverage about the cell phone carrier an impact score of 42.8312778889182 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Sprint Corporation (S) Rating Reiterated by Oppenheimer Holdings, Inc. (americanbankingnews.com)
- $8.13 Billion in Sales Expected for Sprint Corporation (S) This Quarter (americanbankingnews.com)
- Sprint merger talks suggest T-Mobile executives would take control (kansascity.com)
- Report: Sprint and T-Mobile are talking again (bizjournals.com)
- T-Mobile, Sprint merger talks underway: Report (foxbusiness.com)
Shares of Sprint Corporation (NYSE:S) traded down 2.07% on Wednesday, hitting $8.03. The stock had a trading volume of 16,686,149 shares. The stock has a 50 day moving average of $8.20 and a 200-day moving average of $8.31. Sprint Corporation has a 12 month low of $5.83 and a 12 month high of $9.65. The stock’s market cap is $32.09 billion.
Sprint Corporation (NYSE:S) last released its quarterly earnings results on Tuesday, August 1st. The cell phone carrier reported $0.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.06. The firm had revenue of $8.16 billion for the quarter, compared to the consensus estimate of $8.14 billion. Sprint Corporation had a negative return on equity of 3.66% and a negative net margin of 2.08%. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period last year, the business posted ($0.08) EPS. Equities research analysts anticipate that Sprint Corporation will post ($0.83) EPS for the current year.
Several equities research analysts have recently commented on the company. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Sprint Corporation in a report on Wednesday. BidaskClub downgraded Sprint Corporation from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Barclays PLC restated a “neutral” rating and set a $8.00 price objective on shares of Sprint Corporation in a report on Wednesday, August 9th. Cowen and Company restated a “market perform” rating and set a $6.50 price objective on shares of Sprint Corporation in a report on Tuesday, August 8th. Finally, Wells Fargo & Company restated an “outperform” rating on shares of Sprint Corporation in a report on Wednesday, August 2nd. Six research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have issued a buy rating to the stock. Sprint Corporation currently has a consensus rating of “Hold” and a consensus price target of $10.26.
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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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