Shares of Sprint Corporation (NYSE:S) have been given a consensus recommendation of “Hold” by the twenty-four research firms that are currently covering the company, MarketBeat Ratings reports. Eight analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $6.84.

A number of equities analysts recently commented on the company. Jefferies Group LLC reduced their price target on Sprint Corporation from $5.50 to $4.50 and set an “underperform” rating for the company in a report on Tuesday, November 7th. Macquarie restated a “hold” rating and set a $6.50 price objective on shares of Sprint Corporation in a report on Tuesday, November 7th. Royal Bank Of Canada restated a “hold” rating and set a $8.00 price objective on shares of Sprint Corporation in a report on Tuesday, November 7th. UBS Group AG restated a “buy” rating and set a $7.50 price objective (down previously from $9.00) on shares of Sprint Corporation in a report on Monday, November 6th. Finally, KeyCorp cut Sprint Corporation from a “sector weight” rating to an “underweight” rating and set a $5.50 price objective for the company. in a report on Monday, November 6th.

In other news, CFO Tarek Robbiati sold 363,529 shares of the company’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $6.00, for a total transaction of $2,181,174.00. Following the completion of the transaction, the chief financial officer now directly owns 1,901,974 shares in the company, valued at $11,411,844. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Group Corp Softbank purchased 6,484,367 shares of the stock in a transaction dated Tuesday, November 7th. The shares were bought at an average price of $5.92 per share, with a total value of $38,387,452.64. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 16,644,832 shares of company stock valued at $100,589,834. Company insiders own 0.18% of the company’s stock.

Large investors have recently made changes to their positions in the company. Schwab Charles Investment Management Inc. grew its stake in shares of Sprint Corporation by 10.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 1,056,114 shares of the cell phone carrier’s stock worth $9,168,000 after purchasing an additional 99,063 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Sprint Corporation by 16.8% in the first quarter. Bank of America Corp DE now owns 645,740 shares of the cell phone carrier’s stock worth $5,605,000 after purchasing an additional 93,034 shares during the last quarter. Mn Services Vermogensbeheer B.V. grew its stake in shares of Sprint Corporation by 524.0% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 128,842 shares of the cell phone carrier’s stock worth $1,058,000 after purchasing an additional 108,195 shares during the last quarter. Aperio Group LLC grew its stake in shares of Sprint Corporation by 12.9% in the second quarter. Aperio Group LLC now owns 232,986 shares of the cell phone carrier’s stock worth $1,913,000 after purchasing an additional 26,570 shares during the last quarter. Finally, Hermes Investment Management Ltd. bought a new stake in shares of Sprint Corporation in the second quarter worth $169,000. Institutional investors own 13.57% of the company’s stock.

Shares of Sprint Corporation (S) opened at $6.15 on Friday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.03 and a current ratio of 1.10. Sprint Corporation has a 12-month low of $5.62 and a 12-month high of $9.65.

Sprint Corporation (NYSE:S) last posted its quarterly earnings results on Wednesday, October 25th. The cell phone carrier reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $8.05 billion. During the same quarter last year, the company posted ($0.04) earnings per share. Sprint Corporation’s quarterly revenue was down 3.9% on a year-over-year basis. sell-side analysts predict that Sprint Corporation will post -0.03 EPS for the current year.

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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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