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Sprint (NYSE:S) has received a consensus recommendation of “Hold” from the twenty brokerages that are covering the stock, American Banking and Market News reports. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $8.08.

A number of research firms have recently commented on S. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Sprint in a research note on Monday, August 4th. 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.

Shares of Sprint (NYSE:S) opened at 5.67 on Tuesday. Sprint has a one year low of $5.53 and a one year high of $11.47. The stock has a 50-day moving average of $7.90 and a 200-day moving average of $8.51. The company has a market cap of $22.368 billion and a price-to-earnings ratio of 20.56. Sprint also saw some unusual options trading activity on Wednesday. Stock traders purchased 57,665 put options on the company. This represents an increase of 417% compared to the typical 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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