Investors Purchase Large Volume of Sprint Call Options (S)
Sprint (NYSE:S) was the recipient of some unusual options trading on Tuesday. Traders acquired 53,447 call options on the company, Analyst Ratings Network reports. This represents an increase of 466% compared to the average daily volume of 9,445 call options.
A number of research firms have recently commented on S. Analysts at Goldman Sachs reiterated a “neutral” rating on shares of Sprint in a research note on Tuesday. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of Sprint in a research note on Wednesday, August 27th. They now have a $6.00 price target on the stock, down previously from $9.00. Finally, analysts at Canaccord Genuity cut their price target on shares of Sprint from $7.50 to $5.75 in a research note on Wednesday, August 27th. They now have a “hold” rating on the stock. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. Sprint presently has a consensus rating of “Hold” and an average price target of $7.63.
Shares of Sprint (NYSE:S) traded down 1.25% on Tuesday, hitting $5.54. 18,313,204 shares of the company’s stock traded hands. Sprint has a 52 week low of $5.36 and a 52 week high of $11.47. The stock’s 50-day moving average is $6.74 and its 200-day moving average is $8.21. The company’s market cap is $21.858 billion.
Sprint (NYSE:S) last issued its quarterly earnings data 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.