Sprint Corporation (S) Receiving Somewhat Positive Media Coverage, Report Finds
News headlines about Sprint Corporation (NYSE:S) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Sprint Corporation earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave media stories about the cell phone carrier an impact score of 43.4935000830709 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media stories that may have effected Accern’s analysis:
- Traders Purchase Large Volume of Call Options on Sprint Corporation (S) (americanbankingnews.com)
- SoftBank Reportedly Willing To Take Sprint Market Price (nasdaq.com)
- Sprint hired Trump-connected lobbyist in early September -filing (businessinsider.com)
- SoftBank Is Said to Be Willing to Take Sprint Market Price (1) (washpost.bloomberg.com)
- Exclusive: T-Mobile, Sprint close to agreeing on deal terms – so – Honolulu, Hawaii news, sports & weather – KITV Channel 4 (kitv.com)
Several equities analysts have recently weighed in on the stock. Wells Fargo & Company restated an “outperform” rating on shares of Sprint Corporation in a research report on Wednesday, August 2nd. UBS AG restated a “neutral” rating and set a $9.00 price objective on shares of Sprint Corporation in a research report on Wednesday, August 2nd. Cowen and Company restated a “market perform” rating and set a $6.50 price objective on shares of Sprint Corporation in a research report on Wednesday, August 2nd. Jefferies Group LLC restated a “sell” rating and set a $5.00 price objective on shares of Sprint Corporation in a research report on Friday, July 14th. Finally, ValuEngine upgraded shares of Sprint Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Six analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $10.26.
Shares of Sprint Corporation (S) opened at 7.81 on Tuesday. Sprint Corporation has a 52-week low of $5.83 and a 52-week high of $9.65. The stock has a 50 day moving average of $8.20 and a 200-day moving average of $8.31. The stock’s market capitalization is $31.22 billion.
Sprint Corporation (NYSE:S) last issued its quarterly earnings data on Tuesday, August 1st. The cell phone carrier reported $0.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $8.14 billion. During the same period in the previous year, the firm earned ($0.08) EPS. Sprint Corporation’s quarterly revenue was up 1.8% compared to the same quarter last year. On average, equities research analysts predict that Sprint Corporation will post ($0.83) EPS for the current fiscal year.
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.