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Sprint (NYSE:S)’s share price reached a new 52-week low during trading on Friday , AnalystRatingsNetwork reports. The stock traded as low as $5.53 and last traded at $5.59, with a volume of 33,499,415 shares changing hands. The stock had previously closed at $5.88.

Several analysts have recently commented on the stock. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Sprint in a research note on Monday. They now have a $9.00 price target on the stock, down previously from $9.50. Separately, analysts at Macquarie upgraded shares of Sprint from a “neutral” rating to an “outperform” rating in a research note on Tuesday, June 10th. Finally, 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. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. Sprint presently has a consensus rating of “Hold” and an average target price of $8.08.

The stock’s 50-day moving average is $7.90 and its 200-day moving average is $8.51. The company has a market cap of $22.368 billion and a P/E ratio of 20.56. Sprint also was the target of unusually large options trading activity on Wednesday. Stock investors acquired 57,665 put options on the stock. This represents an increase of approximately 417% compared to the average daily volume of 11,149 put options.

Sprint (NYSE:S) last announced its earnings results on Wednesday, July 30th. The company reported $0.01 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.02) by $0.03. The company had revenue of $8.79 billion for the quarter, compared to the consensus estimate of $8.69 billion. During the same quarter in the prior year, the company posted ($0.53) earnings per share. The company’s quarterly revenue was down 1.0% on a year-over-year basis. Analysts expect that Sprint will post $-0.10 EPS for the current fiscal year.

Sprint Nextel Corporation (NYSE:S), is a holding company, with its operations primarily conducted by its subsidiaries.

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