Sprint (NYSE:S) had its target price reduced by research analysts at Deutsche Bank to $5.50 in a research report issued on Monday. The brokerage currently has a “hold” rating on the cell phone carrier’s stock. Deutsche Bank’s price target points to a potential upside of 1.10% from the stock’s current price.

Several other analysts have also commented on S. Moffett Nathanson reaffirmed a “sell” rating on shares of Sprint in a research note on Thursday, October 12th. Oppenheimer reaffirmed a “hold” rating on shares of Sprint in a research note on Wednesday, September 20th. KeyCorp reissued a “hold” rating on shares of Sprint in a research note on Wednesday, October 11th. Zacks Investment Research lowered Sprint from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Finally, ValuEngine lowered Sprint from a “hold” rating to a “sell” rating in a research note on Monday, October 16th. Eight investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $7.10.

Shares of Sprint (NYSE:S) remained flat at $$5.44 during mid-day trading on Monday. 10,230,277 shares of the company’s stock were exchanged, compared to its average volume of 15,147,824. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.10 and a quick ratio of 1.03. Sprint has a 12 month low of $5.42 and a 12 month high of $9.65.

Sprint (NYSE:S) last announced its quarterly earnings results on Wednesday, October 25th. The cell phone carrier reported ($0.01) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.01. The business had revenue of $7.93 billion for the quarter, compared to analyst estimates of $8.05 billion. Sprint had a negative return on equity of 3.19% and a negative net margin of 1.82%. Sprint’s quarterly revenue was down 3.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.04) EPS. equities analysts forecast that Sprint will post -0.03 earnings per share for the current year.

In other news, insider Dow Draper sold 292,707 shares of the business’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $5.71, for a total transaction of $1,671,356.97. Following the completion of the sale, the insider now owns 1,165,158 shares in the company, valued at $6,653,052.18. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Group Corp Softbank bought 6,484,367 shares of the company’s stock in a transaction dated Tuesday, November 7th. The shares were purchased 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. In the last 90 days, insiders have bought 18,651,252 shares of company stock valued at $112,608,289 and have sold 769,195 shares valued at $4,550,618. Insiders own 0.18% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Wetherby Asset Management Inc. bought a new stake in Sprint in the second quarter valued at about $100,000. Financial Counselors Inc. increased its holdings in Sprint by 1.7% in the second 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 during the last quarter. Commerce Bank bought a new stake in Sprint in the third quarter valued at about $100,000. Advisors Asset Management Inc. increased its holdings in Sprint by 2.2% in the second 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 during the last quarter. Finally, Janney Montgomery Scott LLC bought a new stake in Sprint in the second quarter valued at about $125,000. Institutional investors own 13.74% of the company’s stock.

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About Sprint

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 (NYSE:S)

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