Stock Traders Buy High Volume of Sprint Corp. Put Options (S)
Sprint Corp. (NYSE:S) was the recipient of some unusual options trading activity on Monday. Stock traders acquired 20,894 put options on the stock, American Banking & Market News reports. This is an increase of 1,332% compared to the typical volume of 1,459 put options.
A number of analysts have recently weighed in on S shares. Analysts at Credit Suisse initiated coverage on shares of Sprint Corp. in a research note to investors on Tuesday, September 17th. They set an “underperform” rating and a $5.50 price target on the stock. Separately, analysts at Evercore Partners initiated coverage on shares of Sprint Corp. in a research note to investors on Monday, September 9th. They set an “equal weight” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Sprint Corp. in a research note to investors on Friday, August 23rd. They now have a $7.25 price target on the stock. Three research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Sprint Corp. presently has an average rating of “Hold” and a consensus price target of $6.89.
Sprint Corp. (NYSE:S) traded up 0.50% on Monday, hitting $6.03. 8,165,727 shares of the company’s stock traded hands. Sprint Corp. has a one year low of $5.61 and a one year high of $7.26. The stock’s 50-day moving average is $6.42 and its 200-day moving average is $6.46. The company’s market cap is $23.682 billion.
Sprint Corp. (NYSE:S) last issued its quarterly earnings data on Tuesday, July 30th. The company reported ($0.53) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.28) by $0.25. The company had revenue of $8.88 billion for the quarter, compared to the consensus estimate of $8.73 billion. During the same quarter in the prior year, the company posted ($0.46) earnings per share. The company’s quarterly revenue was up .4% on a year-over-year basis.
Sprint Nextel Corporation (NYSE:S), is a holding company, with its operations primarily conducted by its subsidiaries.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.