Sprint Corporation (NYSE:S)‘s stock had its “hold” rating restated by analysts at KeyCorp in a research report issued to clients and investors on Wednesday.

Several other equities research analysts have also recently issued reports on S. Cowen and Company reissued a “market perform” rating and issued a $6.50 price objective on shares of Sprint Corporation in a research report on Tuesday, August 8th. Barclays PLC reissued a “neutral” rating and issued a $8.00 price objective on shares of Sprint Corporation in a research report on Wednesday, August 9th. UBS AG reissued a “neutral” rating and issued a $9.00 price objective on shares of Sprint Corporation in a research report on Wednesday, August 2nd. BidaskClub cut shares of Sprint Corporation from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Finally, J P Morgan Chase & Co reissued 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 four have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $10.10.

Sprint Corporation (S) traded down 0.70% during mid-day trading on Wednesday, hitting $7.14. 6,151,861 shares of the stock were exchanged. The company’s 50-day moving average price is $7.90 and its 200 day moving average price is $8.22. The firm’s market capitalization is $28.54 billion. Sprint Corporation has a 52 week low of $5.83 and a 52 week high of $9.65.

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

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A number of institutional investors have recently modified their holdings of the business. Financial Counselors Inc. increased its stake in Sprint Corporation by 1.7% during the 2nd 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 in the last quarter. Advisors Asset Management Inc. increased its stake in Sprint Corporation by 2.2% during the 2nd 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 in the last quarter. Ronald Blue & Co. LLC increased its stake in Sprint Corporation by 1.5% during the 2nd quarter. Ronald Blue & Co. LLC now owns 21,648 shares of the cell phone carrier’s stock valued at $178,000 after purchasing an additional 326 shares in the last quarter. Pacer Advisors Inc. increased its stake in Sprint Corporation by 1.9% during the 2nd quarter. Pacer Advisors Inc. now owns 26,256 shares of the cell phone carrier’s stock valued at $216,000 after purchasing an additional 500 shares in the last quarter. Finally, Advisory Services Network LLC increased its stake in Sprint Corporation by 1.2% during the 2nd quarter. Advisory Services Network LLC now owns 69,627 shares of the cell phone carrier’s stock valued at $572,000 after purchasing an additional 802 shares in the last quarter. 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.

Analyst Recommendations for Sprint Corporation (NYSE:S)

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