Sprint Corp. Now Covered by Barclays (S)
Investment analysts at Barclays began coverage on shares of Sprint Corp. (NYSE:S) in a note issued to investors on Monday, Analyst Ratings News reports. The firm set an “equal weight” rating and a $9.00 price target on the stock. Barclays’ price target indicates a potential upside of 12.22% from the stock’s previous close.
Sprint Corp. (NYSE:S) traded down 3.05% on Monday, hitting $7.775. 11,240,099 shares of the company’s stock traded hands. Sprint Corp. has a 52-week low of $5.61 and a 52-week high of $11.47. The stock has a 50-day moving average of $9. and a 200-day moving average of $7.44. The company’s market cap is $30.573 billion.
A number of other firms have also recently commented on S. Analysts at Credit Suisse reiterated an “underperform” rating on shares of Sprint Corp. in a research note to investors on Thursday, January 16th. They now have a $5.50 price target on the stock. Separately, analysts at Deutsche Bank downgraded shares of Sprint Corp. from a “buy” rating to a “hold” rating in a research note to investors on Thursday, January 9th. They now have a $9.25 price target on the stock, up previously from $8.50. Finally, analysts at S&P Equity Research downgraded shares of Sprint Corp. from a “hold” rating to a “sell” rating in a research note to investors on Friday, January 3rd. Six analysts have rated the stock with a sell rating, seventeen have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Sprint Corp. has a consensus rating of “Hold” and an average price target of $7.57.
Sprint Nextel Corporation (NYSE:S), is a holding company, with its operations primarily conducted by its subsidiaries.
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