Sprint Corporation (NYSE:S) had its price target raised by equities research analysts at BTIG Research from $3.85 to $4.00 in a research report issued on Wednesday. The brokerage presently has a “sell” rating on the cell phone carrier’s stock. BTIG Research’s price objective would indicate a potential downside of 43.26% from the company’s current price.

Several other analysts have also recently commented on the company. Zacks Investment Research raised Sprint Corporation from a “hold” rating to a “buy” rating and set a $8.50 price target for the company in a report on Tuesday, October 3rd. Wells Fargo & Company reissued an “outperform” rating on shares of Sprint Corporation in a report 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 report on Wednesday, July 19th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating on shares of Sprint Corporation in a report on Wednesday, June 28th. Finally, Jefferies Group LLC reissued a “sell” rating and issued a $5.00 price target on shares of Sprint Corporation in a report on Friday, July 14th. Seven equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have issued a buy rating to the stock. Sprint Corporation currently has a consensus rating of “Hold” and a consensus target price of $10.18.

Sprint Corporation (S) traded down 0.56% during mid-day trading on Wednesday, hitting $7.05. The stock had a trading volume of 6,812,424 shares. The firm’s market cap is $28.18 billion. Sprint Corporation has a 12-month low of $5.83 and a 12-month high of $9.65. The stock has a 50-day moving average price of $7.81 and a 200 day moving average price of $8.20.

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

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Several large investors have recently made changes to their positions in the company. Advisory Services Network LLC grew its position in shares of Sprint Corporation by 1.2% in the second 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 during the period. WINTON GROUP Ltd purchased a new stake in shares of Sprint Corporation in the second quarter valued at $341,000. Public Employees Retirement System of Ohio grew its position in shares of Sprint Corporation by 24.7% in the second quarter. Public Employees Retirement System of Ohio now owns 432,391 shares of the cell phone carrier’s stock valued at $3,550,000 after purchasing an additional 85,526 shares during the period. Koch Industries Inc. purchased a new stake in shares of Sprint Corporation in the second quarter valued at $434,000. Finally, Piedmont Investment Advisors LLC purchased a new stake in shares of Sprint Corporation in the second quarter valued at $1,088,000. 13.95% of the stock is owned by institutional investors and hedge funds.

Sprint Corporation Company Profile

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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