Several analysts have recently updated their ratings and price targets for Sprint Corporation (NYSE: S):

  • 11/7/2017 – Sprint Corporation had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $8.00 price target on the stock.
  • 11/7/2017 – Sprint Corporation had its “hold” rating reaffirmed by analysts at Macquarie. They now have a $6.50 price target on the stock.
  • 11/7/2017 – Sprint Corporation had its price target lowered by analysts at Jefferies Group LLC from $5.50 to $4.50. They now have an “underperform” rating on the stock.
  • 11/6/2017 – Sprint Corporation was downgraded by analysts at KeyCorp from a “sector weight” rating to an “underweight” rating. They now have a $5.50 price target on the stock.
  • 11/6/2017 – Sprint Corporation had its “buy” rating reaffirmed by analysts at UBS AG. They now have a $7.50 price target on the stock, down previously from $9.00.
  • 11/2/2017 – Sprint Corporation was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $7.10 price target on the stock.
  • 10/26/2017 – Sprint Corporation had its “neutral” rating reaffirmed by analysts at Nomura. They now have a $7.00 price target on the stock, down previously from $8.00.
  • 10/26/2017 – Sprint Corporation had its “hold” rating reaffirmed by analysts at Macquarie. They now have a $8.00 price target on the stock. They wrote, “We model FY3Q/17 postpaid phone net adds, churn, and ARPU of 308k/725k, 1.63%/1.57%, and US$45.72/US$46.12. Soft iPhone 8 demand was likely the catalyst for its latest round of promos which could be enhanced by the holiday season/iPhone X. Prepaid momentum is ongoing with 95k net adds, a 544k improvement YoY. The Boost brand is strong, with promos like five lines for US$100/mo, while efforts to refresh Virgin’s offers continue. Prepaid ARPU grew despite Boost’s new taxes/fees inclusive plans; we model FY3Q/17 prepaid ARPU of US$37.27/US$37.89, reflecting expectations that this promo will dilute ARPU sequentially in FY3Q. 3Q Adj. EBITDA was US$2.7bn as management focused on cost controls with US$750m+ in savings from EIP mix, labor, backhaul, and wireline expenses.””
  • 10/18/2017 – 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 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.”
  • 10/18/2017 – Sprint Corporation had its price target raised by analysts at BTIG Research from $3.85 to $4.00. They now have a “sell” rating on the stock.
  • 10/18/2017 – Sprint Corporation was downgraded by analysts at Macquarie from an “outperform” rating to a “neutral” rating.
  • 10/16/2017 – Sprint Corporation was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 10/12/2017 – Sprint Corporation had its “sell” rating reaffirmed by analysts at Moffett Nathanson.
  • 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..

Sprint Corporation (S) traded down $0.10 during trading hours on Wednesday, hitting $5.93. The stock had a trading volume of 16,327,101 shares, compared to its average volume of 15,373,882. Sprint Corporation has a fifty-two week low of $5.62 and a fifty-two week high of $9.65. The company has a quick ratio of 1.03, a current ratio of 1.10 and a debt-to-equity ratio of 1.80.

Sprint Corporation (NYSE:S) last released its earnings results on Wednesday, October 25th. The cell phone carrier reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.01. Sprint Corporation had a negative return on equity of 3.19% and a negative net margin of 1.82%. The business had revenue of $7.93 billion during the quarter, compared to the consensus estimate of $8.05 billion. During the same period last year, the company earned ($0.04) earnings per share. The business’s revenue for the quarter was down 3.9% compared to the same quarter last year. sell-side analysts anticipate that Sprint Corporation will post -0.02 earnings per share for the current year.

In other news, CFO Tarek Robbiati sold 363,529 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $6.00, for a total transaction of $2,181,174.00. Following the transaction, the chief financial officer now owns 1,901,974 shares in the company, valued at $11,411,844. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Group Corp Softbank purchased 3,203,661 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were purchased at an average price of $6.12 per share, for a total transaction of $19,606,405.32. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 14,011,018 shares of company stock valued at $84,839,626. Corporate insiders own 0.18% of the company’s stock.

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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