Sprint Rating Increased to Outperform at Macquarie (S)
Shares of Sprint (NYSE:S) opened at 8.77 on Tuesday. Sprint 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 $8.86 and a 200-day moving average of $8.79. The company’s market cap is $34.633 billion. Sprint also was the target of a significant growth in short interest in the month of May. As of May 15th, there was short interest totalling 77,357,411 shares, a growth of 4.2% from the April 30th total of 74,211,344 shares. Based on an average daily volume of 15,404,648 shares, the short-interest ratio is currently 5.0 days. Currently, 10.0% of the shares of the company are sold short.
Sprint (NYSE:S) last posted its quarterly earnings results on Tuesday, April 29th. The company reported ($0.04) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.08) by $0.04. The company had revenue of $8.88 million for the quarter, compared to the consensus estimate of $8.79 million. During the same quarter last year, the company posted ($0.21) earnings per share. Sprint’s revenue was up .9% compared to the same quarter last year. Analysts expect that Sprint will post $-0.21 EPS for the current fiscal year.
S has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Sprint in a research note on Friday. They now have a $9.50 price target on the stock. Separately, analysts at Sanford C. Bernstein initiated coverage on shares of Sprint in a research note on Thursday, May 22nd. They set a “market perform” rating on the stock. Finally, analysts at Bernstein initiated coverage on shares of Sprint in a research note on Wednesday, May 21st. They set a “market perform” rating and a $8.00 price target on the stock. Seven analysts have rated the stock with a sell rating, twelve have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $7.94.
Sprint Nextel Corporation (NYSE:S), is a holding company, with its operations primarily conducted by its subsidiaries.
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