Sprint Corporation (S) Rating Reiterated by Oppenheimer Holdings, Inc.
Sprint Corporation (NYSE:S)‘s stock had its “hold” rating restated by equities research analysts at Oppenheimer Holdings, Inc. in a research note issued to investors on Wednesday.
S has been the subject of several other research reports. Jefferies Group LLC reissued a “sell” rating and issued a $5.00 price target on shares of Sprint Corporation in a research note on Friday, July 14th. Wells Fargo & Company reissued an “outperform” rating on shares of Sprint Corporation in a research note on Wednesday, June 28th. Cowen and Company reissued a “hold” rating and issued a $6.50 price target on shares of Sprint Corporation in a research note on Wednesday, July 19th. BidaskClub cut shares of Sprint Corporation from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating on shares of Sprint Corporation in a research report on Wednesday, June 28th. Six investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $10.26.
Shares of Sprint Corporation (NYSE S) traded down 1.83% on Wednesday, hitting $8.05. The company’s stock had a trading volume of 14,063,325 shares. The firm’s market cap is $32.17 billion. The stock has a 50-day moving average price of $8.20 and a 200 day moving average price of $8.31. Sprint Corporation has a one year low of $5.83 and a one year high of $9.65.
Sprint Corporation (NYSE:S) last released its quarterly earnings data on Tuesday, August 1st. The cell phone carrier reported $0.05 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.06. The company had revenue of $8.16 billion during the quarter, compared to the consensus estimate of $8.14 billion. Sprint Corporation had a negative net margin of 2.08% and a negative return on equity of 3.66%. Sprint Corporation’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.08) EPS. Equities research analysts predict that Sprint Corporation will post ($0.83) EPS for the current year.
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Several institutional investors and hedge funds have recently made changes to their positions in S. Capstone Asset Management Co. raised its holdings in shares of Sprint Corporation by 9.2% in the 1st quarter. Capstone Asset Management Co. now owns 18,432 shares of the cell phone carrier’s stock valued at $160,000 after purchasing an additional 1,552 shares in the last quarter. Nationwide Fund Advisors acquired a new stake in shares of Sprint Corporation in the 1st quarter valued at $2,862,000. Russell Investments Group Ltd. raised its holdings in shares of Sprint Corporation by 801.8% in the 1st quarter. Russell Investments Group Ltd. now owns 796,104 shares of the cell phone carrier’s stock valued at $6,904,000 after purchasing an additional 707,821 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Sprint Corporation by 60.4% in the 1st quarter. Advisors Asset Management Inc. now owns 14,491 shares of the cell phone carrier’s stock valued at $126,000 after purchasing an additional 5,459 shares in the last quarter. Finally, American Century Companies Inc. acquired a new stake in shares of Sprint Corporation in the 1st quarter valued at $591,000. Institutional investors and hedge funds own 13.95% of the company’s stock.
About Sprint Corporation
Sprint Corporation (Sprint) is a holding company. The Company, along with its subsidiaries, is a communications company offering a range of wireless and wireline communications products and services that are designed to meet the needs of consumers, businesses, government subscribers and resellers. It operates through two segments: Wireless and Wireline.
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