A number of research firms have changed their ratings and price targets for Sprint Corporation (NYSE: S):

  • 10/16/2017 – Sprint Corporation was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 10/11/2017 – Sprint Corporation had its “hold” rating reaffirmed by analysts at KeyCorp.
  • 10/10/2017 – Sprint Corporation had its price target lowered by analysts at Deutsche Bank AG from $8.00 to $7.00. They now have a “hold” rating on the stock.
  • 10/10/2017 – Sprint Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $8.25 price target on the stock. According to Zacks, “Sprint is on track with its network modernization and integration efforts, to fortify its position in the wireless industry. Sprint’s prepaid subsidiary has extended its unlimited offerings to its existing iPhone owners and has also inked deal with Apple to relaunch itself as an exclusive iPhone carrier. Sprint also offers attractive unlimited data plans to lure customers from rivals. We believe these efforts have driven the huge wireless subscribers. Sprint unveiled its Sprint MultiLine solution which allows businesses to add a company-owned number to their employees' personal phones for better businesses. For full-year 2017, Sprint has raised its outlook. Over the past three months, the stock price underperformed its industry. However, high cash burn from promotional offers and discounts, debt-laden balance sheet and decreasing cash flow have led to losses for Sprint. Further, Sprint operates in a highly competitive wireless market.”
  • 10/4/2017 – Sprint Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Sprint is on track with its network modernization and integration efforts, to fortify its position in the wireless industry. Sprint’s prepaid subsidiary has extended its unlimited offerings to its existing iPhone owners and has also inked deal with Apple to relaunch itself as an exclusive iPhone carrier. Sprint also offers attractive unlimited data plans to lure customers from rivals. We believe these efforts have driven the huge wireless subscribers. Sprint unveiled its Sprint MultiLine solution which allows businesses to add a company-owned number to their employees' personal phones for better businesses. For full-year 2017, Sprint has raised its outlook. Over the past one month, the stock price underperformed its industry. However, high cash burn from promotional offers and discounts, debt-laden balance sheet and decreasing cash flow have led to losses for Sprint. Further, Sprint operates in a highly competitive wireless market.”
  • 10/3/2017 – Sprint Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $8.50 price target on the stock. According to Zacks, “Sprint is on track with its network modernization and integration efforts, to fortify its position in the wireless industry. Sprint’s prepaid subsidiary has extended its unlimited offerings to its existing iPhone owners and has also inked deal with Apple to relaunch itself as an exclusive iPhone carrier. Sprint also offers attractive unlimited data plans to lure customers from rivals. We believe these efforts have driven the huge wireless subscribers. Sprint unveiled its Sprint MultiLine solution which allows businesses to add a company-owned number to their employees' personal phones for better businesses. For full-year 2017, Sprint has raised its outlook. Over the past three months, the stock price underperformed its industry. However, high cash burn from promotional offers and discounts, debt-laden balance sheet and decreasing cash flow have led to losses for Sprint. Further, Sprint operates in a highly competitive wireless market.”
  • 9/20/2017 – Sprint Corporation had its “hold” rating reaffirmed by analysts at Oppenheimer Holdings, Inc..

Shares of Sprint Corporation (NYSE:S) traded down 0.84% on Tuesday, reaching $7.09. 10,181,010 shares of the company were exchanged. The company’s 50-day moving average is $7.81 and its 200-day moving average is $8.20. The company’s market capitalization is $28.34 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 data on Tuesday, August 1st. The cell phone carrier reported $0.05 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 company had revenue of $8.16 billion during the quarter, compared to analyst estimates of $8.14 billion. During the same period in the prior year, the firm earned ($0.08) earnings per share. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. On average, equities analysts expect that Sprint Corporation will post ($0.83) EPS for the current fiscal year.

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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