Sprint (S) – Analysts’ Weekly Ratings Changes

Several brokerages have updated their recommendations and price targets on shares of Sprint (NYSE: S) in the last few weeks:

  • 2/8/2018 – Sprint had its “neutral” rating reaffirmed by analysts at Citigroup Inc. They now have a $6.50 price target on the stock, down previously from $7.50.
  • 2/5/2018 – Sprint had its price target raised by analysts at Bank of America Corp from $2.60 to $3.00. They now have an “underperform” rating on the stock.
  • 2/5/2018 – Sprint had its “hold” rating reaffirmed by analysts at Cowen Inc.
  • 2/2/2018 – Sprint was upgraded by analysts at TheStreet from a “d+” rating to a “c” rating.
  • 2/2/2018 – Sprint had its “hold” rating reaffirmed by analysts at Robert W. Baird. They now have a $6.00 price target on the stock.
  • 1/23/2018 – Sprint was downgraded by analysts at Macquarie from a “neutral” rating to an “underperform” rating. They now have a $5.00 price target on the stock.
  • 1/19/2018 – Sprint had its “hold” rating reaffirmed by analysts at Barclays PLC. They now have a $5.00 price target on the stock.
  • 1/4/2018 – Sprint was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $5.90 price target on the stock.
  • 1/2/2018 – Sprint was given a new $5.00 price target on by analysts at KeyCorp. They now have an “underweight” rating on the stock.
  • 12/19/2017 – Sprint was downgraded by analysts at TheStreet from a “c-” rating to a “d+” rating.

Shares of Sprint Corp (S) opened at $5.30 on Monday. Sprint Corp has a 1 year low of $4.91 and a 1 year high of $9.44. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.83 and a current ratio of 0.92. The company has a market cap of $21,220.00, a P/E ratio of 3.06 and a beta of 0.64.

Sprint (NYSE:S) last issued its quarterly earnings data on Friday, February 2nd. The cell phone carrier reported ($0.02) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.02. The firm had revenue of $8.24 billion during the quarter, compared to analysts’ expectations of $8.19 billion. Sprint had a net margin of 21.41% and a negative return on equity of 0.94%. The business’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.46) earnings per share. research analysts expect that Sprint Corp will post 1.76 earnings per share for the current year.

In related news, insider Jorge Enrique Gracia sold 112,959 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $6.18, for a total transaction of $698,086.62. Following the completion of the transaction, the insider now owns 858,383 shares in the company, valued at $5,304,806.94. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Group Corp Softbank acquired 6,149,090 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The shares were purchased at an average price of $5.68 per share, with a total value of $34,926,831.20. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 58,397,765 shares of company stock valued at $336,943,820 and have sold 549,707 shares valued at $3,196,239. 0.18% of the stock is currently owned by insiders.

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.

Receive News & Ratings for Sprint Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sprint Corp and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply