Sprint Corp (S) Rating Lowered to Buy at Vetr Inc.

Sprint Corp (NYSE:S) was downgraded by stock analysts at Vetr from a “strong-buy” rating to a “buy” rating in a research note issued on Monday. They currently have a $9.34 target price on the cell phone carrier’s stock. Vetr‘s target price points to a potential upside of 12.67% from the company’s previous close.

Other analysts also recently issued reports about the stock. Royal Bank of Canada reaffirmed a “hold” rating and set a $6.00 price objective on shares of Sprint Corp in a report on Tuesday, January 3rd. Deutsche Bank AG reaffirmed a “hold” rating and set a $6.00 price objective on shares of Sprint Corp in a report on Friday, January 27th. Wells Fargo & Co reaffirmed an “outperform” rating on shares of Sprint Corp in a report on Tuesday, January 31st. Moffett Nathanson reaffirmed a “sell” rating and set a $49.00 price objective on shares of Sprint Corp in a report on Wednesday, February 1st. Finally, BTIG Research reaffirmed a “sell” rating and set a $2.50 price objective on shares of Sprint Corp in a report on Wednesday, December 21st. Eight equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $8.20.

Analyst Recommendations for Sprint Corp (NYSE:S)

Sprint Corp (NYSE:S) traded down 2.47% on Monday, hitting $8.29. 13,895,264 shares of the stock traded hands. Sprint Corp has a 12-month low of $3.21 and a 12-month high of $9.65. The firm’s market cap is $33.05 billion. The stock has a 50-day moving average of $8.69 and a 200-day moving average of $7.88.

Sprint Corp (NYSE:S) last posted its quarterly earnings data on Tuesday, January 31st. The cell phone carrier reported ($0.12) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by $0.04. The firm had revenue of $8.50 billion for the quarter, compared to the consensus estimate of $8.29 billion. Sprint Corp had a negative return on equity of 7.23% and a negative net margin of 4.49%. Sprint Corp’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the company posted ($0.21) earnings per share. Analysts forecast that Sprint Corp will post ($0.83) earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: This news story was first posted by Mideast Time and is owned by of Mideast Time. If you are accessing this news story on another website, it was stolen and reposted in violation of U.S. & international trademark and copyright legislation. The correct version of this news story can be read at https://www.mideasttime.com/sprint-corp-s-rating-lowered-to-buy-at-vetr-inc/1589682.html.

Several large investors have recently made changes to their positions in S. Dodge & Cox purchased a new stake in shares of Sprint Corp during the fourth quarter worth about $1,497,022,000. Norges Bank purchased a new stake in shares of Sprint Corp during the fourth quarter worth about $345,860,000. MIG Capital LLC purchased a new stake in shares of Sprint Corp during the fourth quarter worth about $58,039,000. Discovery Capital Management LLC CT boosted its stake in shares of Sprint Corp by 28.0% in the fourth quarter. Discovery Capital Management LLC CT now owns 30,501,948 shares of the cell phone carrier’s stock worth $256,826,000 after buying an additional 6,663,494 shares during the period. Finally, Morgan Stanley boosted its stake in shares of Sprint Corp by 54.0% in the third quarter. Morgan Stanley now owns 14,231,691 shares of the cell phone carrier’s stock worth $94,356,000 after buying an additional 4,990,833 shares during the period. Institutional investors and hedge funds own 14.35% of the company’s stock.

About Sprint Corp

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.

5 Day Chart for NYSE:S

To view Vetr’s full report, visit Vetr’s official website.

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

 
© 2006-2017 Mideast Time.