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Equities researchers at RBC Capital cut their target price on shares of Sprint (NYSE:S) from $8.00 to $7.00 in a research report issued on Monday. The firm currently has a “sector perform” rating on the stock. RBC Capital’s price target indicates a potential upside of 26.35% from the company’s current price.

Sprint (NYSE:S) opened at 5.54 on Monday. Sprint has a 52 week low of $5.36 and a 52 week high of $11.47. The stock has a 50-day moving average of $7.08 and a 200-day moving average of $8.29. The company’s market cap is $21.858 billion.

Sprint (NYSE:S) last released its earnings data 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. On average, analysts predict that Sprint will post $-0.13 earnings per share for the current fiscal year.

A number of other firms have also recently commented on S. Analysts at Jefferies Group cut their price target on shares of Sprint from $7.00 to $4.00 in a research note on Tuesday, August 19th. They now have an “underperform” rating on the stock. Separately, analysts at Credit Suisse reiterated an “underperform” rating on shares of Sprint in a research note on Tuesday, August 19th. They now have a $6.00 price target on the stock. Finally, 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. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. Sprint currently has a consensus rating of “Hold” and an average price target of $7.88.

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

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