Sprint Corporation (S) Rating Reiterated by KeyCorp

Sprint Corporation (NYSE:S)‘s stock had its “hold” rating restated by investment analysts at KeyCorp in a research note issued to investors on Wednesday.

Several other brokerages have also issued reports on S. Zacks Investment Research raised Sprint Corporation from a “hold” rating to a “buy” rating and set a $8.25 target price for the company in a research note on Tuesday. HSBC Holdings plc reaffirmed a “reduce” rating and issued a $7.20 target price on shares of Sprint Corporation in a research note on Friday, June 16th. Deutsche Bank AG cut their target price on Sprint Corporation from $8.00 to $7.00 and set a “hold” rating for the company in a research note on Tuesday. Cowen and Company reaffirmed a “market perform” rating and issued a $6.50 target price on shares of Sprint Corporation in a research note on Wednesday, August 2nd. Finally, BidaskClub lowered Sprint Corporation from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 15th. Six investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $10.10.

Shares of Sprint Corporation (NYSE S) opened at 7.14 on Wednesday. Sprint Corporation has a 1-year low of $5.83 and a 1-year high of $9.65. The stock has a 50 day moving average of $7.87 and a 200-day moving average of $8.21. The firm’s market capitalization is $28.54 billion.

Sprint Corporation (NYSE:S) last issued its quarterly earnings data on Tuesday, August 1st. The cell phone carrier reported $0.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.06. Sprint Corporation had a negative return on equity of 3.66% and a negative net margin of 2.08%. The company had revenue of $8.16 billion during the quarter, compared to analyst estimates of $8.14 billion. During the same quarter in the previous year, the firm earned ($0.08) earnings per share. Sprint Corporation’s revenue was up 1.8% on a year-over-year basis. On average, equities analysts expect that Sprint Corporation will post ($0.83) earnings per share for the current year.

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Institutional investors have recently made changes to their positions in the stock. Wetherby Asset Management Inc. bought a new position in shares of Sprint Corporation during the second quarter valued at approximately $100,000. Financial Counselors Inc. raised its holdings in shares of Sprint Corporation by 1.7% during the second quarter. Financial Counselors Inc. now owns 12,173 shares of the cell phone carrier’s stock valued at $100,000 after acquiring an additional 201 shares in the last quarter. Summit Securities Group LLC bought a new position in shares of Sprint Corporation during the second quarter valued at approximately $108,000. Advisors Asset Management Inc. raised its holdings in shares of Sprint Corporation by 2.2% during the second quarter. Advisors Asset Management Inc

Several other brokerages have also issued reports on S. Zacks Investment Research raised Sprint Corporation from a “hold” rating to a “buy” rating and set a $8.25 target price for the company in a research note on Tuesday. HSBC Holdings plc reaffirmed a “reduce” rating and issued a $7.20 target price on shares of Sprint Corporation in a research note on Friday, June 16th. Deutsche Bank AG cut their target price on Sprint Corporation from $8.00 to $7.00 and set a “hold” rating for the company in a research note on Tuesday. Cowen and Company reaffirmed a “market perform” rating and issued a $6.50 target price on shares of Sprint Corporation in a research note on Wednesday, August 2nd. Finally, BidaskClub lowered Sprint Corporation from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 15th. Six investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $10.10.

Shares of Sprint Corporation (NYSE S) opened at 7.14 on Wednesday. Sprint Corporation has a 1-year low of $5.83 and a 1-year high of $9.65. The stock has a 50 day moving average of $7.87 and a 200-day moving average of $8.21. The firm’s market capitalization is $28.54 billion.

Sprint Corporation (NYSE:S) last issued its quarterly earnings data on Tuesday, August 1st. The cell phone carrier reported $0.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.06. Sprint Corporation had a negative return on equity of 3.66% and a negative net margin of 2.08%. The company had revenue of $8.16 billion during the quarter, compared to analyst estimates of $8.14 billion. During the same quarter in the previous year, the firm earned ($0.08) earnings per share. Sprint Corporation’s revenue was up 1.8% on a year-over-year basis. On average, equities analysts expect that Sprint Corporation will post ($0.83) earnings per share for the current year.

TRADEMARK VIOLATION WARNING: This piece of content was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark law. The correct version of this piece of content can be read at https://ledgergazette.com/2017/10/13/sprint-corporation-s-rating-reiterated-by-keycorp.html.

Institutional investors have recently made changes to their positions in the stock. Wetherby Asset Management Inc. bought a new position in shares of Sprint Corporation during the second quarter valued at approximately $100,000. Financial Counselors Inc. raised its holdings in shares of Sprint Corporation by 1.7% during the second quarter. Financial Counselors Inc. now owns 12,173 shares of the cell phone carrier’s stock valued at $100,000 after acquiring an additional 201 shares in the last quarter. Summit Securities Group LLC bought a new position in shares of Sprint Corporation during the second quarter valued at approximately $108,000. Advisors Asset Management Inc. raised its holdings in shares of Sprint Corporation by 2.2% during the second quarter. Advisors Asset Management Inc. now owns 14,809 shares of the cell phone carrier’s stock valued at $122,000 after acquiring an additional 318 shares in the last quarter. Finally, Janney Montgomery Scott LLC bought a new position in shares of Sprint Corporation during the second quarter valued at approximately $125,000. Institutional investors 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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