Sprint Corp. (NYSE:S) had its target price hoisted by equities researchers at Barclays PLC from $5.00 to $6.00 in a research report issued on Tuesday. The brokerage presently has an “equal weight” rating on the cell phone carrier’s stock. Barclays PLC’s price target would suggest a potential downside of 3.38% from the company’s previous close.

Several other equities research analysts also recently commented on S. Pacific Crest reiterated a “sell” rating on shares of Sprint Corp. in a research report on Sunday, July 17th. Deutsche Bank AG lifted their target price on shares of Sprint Corp. from $4.00 to $5.00 and gave the stock a “hold” rating in a research report on Tuesday, July 26th. Argus reiterated a “hold” rating on shares of Sprint Corp. in a research report on Tuesday, July 26th. Nomura lifted their target price on shares of Sprint Corp. to $6.00 in a research report on Tuesday, July 26th. Finally, Citigroup Inc. lifted their target price on shares of Sprint Corp. from $4.75 to $6.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 26th. Nine research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $4.48.

Shares of Sprint Corp. (NYSE:S) traded down 6.62% during midday trading on Tuesday, hitting $6.21. 53,369,249 shares of the stock traded hands. Sprint Corp. has a 52 week low of $2.18 and a 52 week high of $7.03. The firm has a 50-day moving average price of $6.28 and a 200-day moving average price of $4.52. The stock’s market capitalization is $24.71 billion.

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Sprint Corp. (NYSE:S) last posted its earnings results on Monday, July 25th. The cell phone carrier reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.00. Sprint Corp. had a negative net margin of 7.08% and a negative return on equity of 10.53%. The business had revenue of $8 billion for the quarter, compared to the consensus estimate of $8.69 billion. During the same period last year, the company earned ($0.46) EPS. The firm’s revenue was down .2% compared to the same quarter last year. On average, equities analysts predict that Sprint Corp. will post ($0.83) earnings per share for the current fiscal year.

Institutional investors have recently modified their holdings of the company. Nomura Holdings Inc. increased its position in shares of Sprint Corp. by 290.2% in the second quarter. Nomura Holdings Inc. now owns 2,020,597 shares of the cell phone carrier’s stock worth $9,024,000 after buying an additional 1,502,744 shares during the period. Public Employees Retirement System of Ohio increased its position in shares of Sprint Corp. by 4.4% in the second quarter. Public Employees Retirement System of Ohio now owns 295,733 shares of the cell phone carrier’s stock worth $1,340,000 after buying an additional 12,500 shares during the period. Investment Centers of America Inc. increased its position in shares of Sprint Corp. by 19.2% in the second quarter. Investment Centers of America Inc. now owns 77,705 shares of the cell phone carrier’s stock worth $355,000 after buying an additional 12,530 shares during the period. Calvert Investment Management Inc. increased its position in shares of Sprint Corp. by 1.6% in the second quarter. Calvert Investment Management Inc. now owns 33,840 shares of the cell phone carrier’s stock worth $153,000 after buying an additional 548 shares during the period. Finally, Stifel Financial Corp increased its position in shares of Sprint Corp. by 21.5% in the second quarter. Stifel Financial Corp now owns 210,461 shares of the cell phone carrier’s stock worth $954,000 after buying an additional 37,253 shares during the period. 14.93% of the stock is currently owned by institutional investors.

About Sprint Corp.

Sprint Corporation is a holding company. The Company, along with its subsidiaries is a wireless communications company offering a range of wireless and wireline communications products and services. The Company operates in two segments: Wireless and Wireline. Its services are provided through its ownership of wireless networks, an all-digital global wireline network and a Tier 1 Internet backbone.

5 Day Chart for NYSE:S

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