Sprint Corporation (S) Receives “Hold” Rating from Oppenheimer Holdings, Inc.

Oppenheimer Holdings, Inc. reaffirmed their hold rating on shares of Sprint Corporation (NYSE:S) in a research report released on Wednesday. Oppenheimer Holdings also issued estimates for Sprint Corporation’s Q4 2018 earnings at $0.00 EPS.

A number of other research firms also recently weighed in on S. ValuEngine raised shares of Sprint Corporation from a sell rating to a hold rating in a research report on Friday, June 2nd. J P Morgan Chase & Co reaffirmed a neutral rating on shares of Sprint Corporation in a research report on Wednesday, June 28th. Cowen and Company reaffirmed a market perform rating and issued a $6.50 target price on shares of Sprint Corporation in a research report on Wednesday, August 2nd. HSBC Holdings plc reaffirmed a reduce rating and issued a $7.20 target price on shares of Sprint Corporation in a research report on Friday, June 16th. Finally, Royal Bank Of Canada reaffirmed a hold rating and issued a $8.00 target price on shares of Sprint Corporation in a research report on Sunday, July 9th. Six research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $10.26.

Shares of Sprint Corporation (NYSE S) remained flat at $8.03 during midday trading on Wednesday. The company’s stock had a trading volume of 2,728,261 shares. The stock has a 50-day moving average price of $8.20 and a 200-day moving average price of $8.31. Sprint Corporation has a one year low of $5.83 and a one year high of $9.65. The company’s market cap is $32.09 billion.

Sprint Corporation (NYSE:S) last released its earnings results on Tuesday, August 1st. The cell phone carrier reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.06. The business had revenue of $8.16 billion during the quarter, compared to the consensus estimate of $8.14 billion. Sprint Corporation had a negative net margin of 2.08% and a negative return on equity of 3.66%. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.08) earnings per share. On average, equities research analysts forecast that Sprint Corporation will post ($0.83) earnings per share for the current fiscal year.

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A number of institutional investors have recently modified their holdings of the business. Advisory Services Network LLC raised its stake in Sprint Corporation by 1.2% in the 2nd quarter. Advisory Services Network LLC now owns 69,627 shares of the cell phone carrier’s stock worth $572,000 after purchasing an additional 802 shares in the last quarter. WINTON GROUP Ltd acquired a new stake in Sprint Corporation in the 2nd quarter worth about $341,000. Public Employees Retirement System of Ohio raised its stake in Sprint Corporation by 24.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 432,391 shares of the cell phone carrier’s stock worth $3,550,000 after purchasing an additional 85,526 shares in the last quarter. Koch Industries Inc. acquired a new stake in Sprint Corporation in the 2nd quarter worth about $434,000. Finally, Piedmont Investment Advisors LLC acquired a new stake in Sprint Corporation in the 2nd quarter worth about $1,088,000. Institutional investors and hedge funds own 13.95% of the company’s stock.

About Sprint Corporation

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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