Sprint Corp (S) Upgraded by ValuEngine to “Hold”

ValuEngine upgraded shares of Sprint Corp (NYSE:S) from a sell rating to a hold rating in a research note released on Friday morning.

Several other research firms also recently weighed in on S. Vetr raised shares of Sprint Corp from a buy rating to a strong-buy rating and set a $9.45 target price on the stock in a research report on Monday, February 6th. Deutsche Bank AG reissued a hold rating and issued a $8.00 target price on shares of Sprint Corp in a research report on Friday, February 10th. Finally, Zacks Investment Research downgraded shares of Sprint Corp from a buy rating to a hold rating in a research report on Wednesday, April 5th. Six equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have assigned a buy rating to the company. Sprint Corp currently has an average rating of Hold and an average target price of $9.18.

Sprint Corp (S) traded up 0.620% during mid-day trading on Friday, hitting $8.925. 7,404,715 shares of the stock traded hands. The stock has a 50 day moving average price of $8.33 and a 200 day moving average price of $8.48. Sprint Corp has a 12-month low of $3.61 and a 12-month high of $9.65. The firm’s market cap is $35.62 billion.

Sprint Corp (NYSE:S) last released its earnings results on Wednesday, May 3rd. The cell phone carrier reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by $0.03. Sprint Corp had a negative return on equity of 7.23% and a negative net margin of 4.49%. The business had revenue of $8.54 billion during the quarter, compared to the consensus estimate of $7.94 billion. During the same quarter in the previous year, the firm earned ($0.14) earnings per share. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. On average, analysts expect that Sprint Corp will post ($0.83) earnings per share for the current fiscal year.

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A number of hedge funds have recently bought and sold shares of S. Systematic Financial Management LP acquired a new stake in Sprint Corp during the fourth quarter valued at approximately $4,647,000. Tredje AP fonden increased its stake in Sprint Corp by 38.1% in the fourth quarter. Tredje AP fonden now owns 268,672 shares of the cell phone carrier’s stock valued at $2,262,000 after buying an additional 74,077 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Sprint Corp by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,836,365 shares of the cell phone carrier’s stock valued at $57,596,000 after buying an additional 19,126 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in Sprint Corp by 0.5% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 21,424 shares of the cell phone carrier’s stock valued at $180,000 after buying an additional 98 shares in the last quarter. Finally, State Street Corp increased its stake in Sprint Corp by 5.0% in the fourth quarter. State Street Corp now owns 14,469,885 shares of the cell phone carrier’s stock valued at $121,827,000 after buying an additional 688,529 shares in the last quarter. 14.35% of the stock is owned by institutional investors.

Sprint Corp 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “S”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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

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