Share on StockTwits

Equities research analysts at Jefferies Group dropped their price objective on shares of Sprint (NYSE:S) from $7.00 to $4.00 in a research note issued to investors on Tuesday. The firm currently has an “underperform” rating on the stock. Jefferies Group’s price target would indicate a potential downside of 28.83% from the stock’s previous close.

Several other analysts have also recently commented on the stock. Analysts at Credit Suisse reiterated an “underperform” rating on shares of Sprint in a research note on Tuesday. They now have a $6.00 price target on the stock. Separately, 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. Finally, analysts at Macquarie upgraded shares of Sprint from a “neutral” rating to an “outperform” rating in a research note on Tuesday, June 10th. Five investment 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. The stock has an average rating of “Hold” and an average target price of $7.88.

Shares of Sprint (NYSE:S) opened at 5.62 on Tuesday. Sprint has a 1-year low of $5.53 and a 1-year high of $11.47. The stock has a 50-day moving average of $7.4 and a 200-day moving average of $8.37. The company’s market cap is $22.174 billion.

Sprint (NYSE:S) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.01 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted ($0.53) earnings per share. Sprint’s revenue was down 1.0% compared to the same quarter last year. Analysts expect that Sprint will post $-0.14 EPS for the current fiscal year.

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.