Shares of Sprint Corporation (NYSE:S) have earned an average recommendation of “Hold” from the twenty-five brokerages that are currently covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a sell recommendation, fifteen have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $10.22.

S has been the topic of several recent research reports. Wells Fargo & Company reissued an “outperform” rating on shares of Sprint Corporation in a research report on Wednesday, June 28th. Zacks Investment Research raised shares of Sprint Corporation from a “hold” rating to a “buy” rating and set a $8.50 price target on the stock in a research report on Tuesday. BidaskClub cut shares of Sprint Corporation from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 15th. Cowen and Company reissued a “hold” rating and set a $6.50 price target on shares of Sprint Corporation in a research report on Wednesday, July 19th. Finally, Jefferies Group LLC reaffirmed a “sell” rating and issued a $5.00 target price on shares of Sprint Corporation in a research report on Friday, July 14th.

WARNING: “Sprint Corporation (S) Receives Consensus Recommendation of “Hold” from Analysts” was published by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another website, it was illegally stolen and reposted in violation of US & international copyright law. The legal version of this article can be viewed at https://www.americanbankingnews.com/2017/10/04/sprint-corporation-s-receives-consensus-recommendation-of-hold-from-analysts.html.

Sprint Corporation (S) traded down 4.05% during midday trading on Wednesday, hitting $7.58. 26,883,889 shares of the stock traded hands. Sprint Corporation has a 52-week low of $5.83 and a 52-week high of $9.65. The stock has a 50-day moving average of $8.02 and a 200 day moving average of $8.26. The firm’s market cap is $30.30 billion.

Sprint Corporation (NYSE:S) last announced its quarterly earnings results on Tuesday, August 1st. The cell phone carrier reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.06. The firm had revenue of $8.16 billion for the quarter, compared to analysts’ expectations of $8.14 billion. Sprint Corporation had a negative net margin of 2.08% and a negative return on equity of 3.66%. The company’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.08) EPS. Equities analysts forecast that Sprint Corporation will post ($0.83) EPS for the current year.

Institutional investors have recently made changes to their positions in the business. Wetherby Asset Management Inc. purchased a new position in Sprint Corporation in the second quarter valued at approximately $100,000. Financial Counselors Inc. increased its stake in Sprint Corporation by 1.7% in the second quarter. Financial Counselors Inc. now owns 12,173 shares of the cell phone carrier’s stock valued at $100,000 after purchasing an additional 201 shares during the last quarter. Summit Securities Group LLC purchased a new position in Sprint Corporation in the second quarter valued at approximately $108,000. Advisors Asset Management Inc. increased its stake in Sprint Corporation by 2.2% in the second quarter. Advisors Asset Management Inc. now owns 14,809 shares of the cell phone carrier’s stock valued at $122,000 after purchasing an additional 318 shares during the last quarter. Finally, Janney Montgomery Scott LLC purchased a new position in Sprint Corporation in the second quarter valued at approximately $125,000. Institutional investors 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.

Analyst Recommendations for Sprint Corporation (NYSE:S)

Receive News & Ratings for Sprint Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sprint Corporation and related companies with MarketBeat.com's FREE daily email newsletter.