Sprint Corporation (S) Stock Rating Reaffirmed by KeyCorp

Sprint Corporation (NYSE:S)‘s stock had its “hold” rating reiterated by KeyCorp in a research report issued on Wednesday, October 11th.

S has been the subject of a number of other research reports. BidaskClub downgraded shares of Sprint Corporation from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Wells Fargo & Company reaffirmed an “outperform” rating on shares of Sprint Corporation in a report on Wednesday, June 28th. Zacks Investment Research downgraded shares of Sprint Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Cowen and Company reaffirmed a “market perform” rating and issued a $6.50 price objective on shares of Sprint Corporation in a report on Tuesday, August 8th. Finally, Barclays PLC reaffirmed a “neutral” rating and issued a $8.00 price objective on shares of Sprint Corporation in a report on Wednesday, August 9th. Seven equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $10.18.

Sprint Corporation (NYSE:S) opened at 6.93 on Wednesday. The firm’s market cap is $27.70 billion. The stock has a 50 day moving average of $7.65 and a 200 day moving average of $8.15. Sprint Corporation has a one year low of $5.83 and a one year high of $9.65.

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

TRADEMARK VIOLATION NOTICE: “Sprint Corporation (S) Stock Rating Reaffirmed by KeyCorp” was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this report on another website, it was copied illegally and reposted in violation of US and international copyright legislation. The correct version of this report can be accessed at https://ledgergazette.com/2017/10/22/sprint-corporation-s-rating-reiterated-by-keycorp.html.

Several hedge funds and other institutional investors have recently modified their holdings of S. BlackRock Inc. raised its stake in shares of Sprint Corporation by 4,924.2% during the first quarter. BlackRock Inc. now owns 39,211,547 shares of the cell phone carrier’s stock valued at $340,355,000 after purchasing an additional 38,431,100 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Sprint Corporation by 6,509.8% during the second quarter. Janus Henderson Group PLC now owns 7,179,430 shares of the cell phone carrier’s stock valued at $58,944,000 after purchasing an additional 7,070,812 shares in the last quarter. Odey Asset Management Group Ltd raised its stake in shares of Sprint Corporation by 107.3% during the second quarter. Odey Asset Management Group Ltd now owns 8,124,955 shares of the cell phone carrier’s stock valued at $66,706,000 after purchasing an additional 4,204,955 shares in the last quarter. Janus Capital Management LLC raised its stake in shares of Sprint Corporation by 94.3% during the first quarter. Janus Capital Management LLC now owns 6,689,392 shares of the cell phone carrier’s stock valued at $58,064,000 after purchasing an additional 3,247,400 shares in the las

S has been the subject of a number of other research reports. BidaskClub downgraded shares of Sprint Corporation from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Wells Fargo & Company reaffirmed an “outperform” rating on shares of Sprint Corporation in a report on Wednesday, June 28th. Zacks Investment Research downgraded shares of Sprint Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Cowen and Company reaffirmed a “market perform” rating and issued a $6.50 price objective on shares of Sprint Corporation in a report on Tuesday, August 8th. Finally, Barclays PLC reaffirmed a “neutral” rating and issued a $8.00 price objective on shares of Sprint Corporation in a report on Wednesday, August 9th. Seven equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $10.18.

Sprint Corporation (NYSE:S) opened at 6.93 on Wednesday. The firm’s market cap is $27.70 billion. The stock has a 50 day moving average of $7.65 and a 200 day moving average of $8.15. Sprint Corporation has a one year low of $5.83 and a one year high of $9.65.

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

TRADEMARK VIOLATION NOTICE: “Sprint Corporation (S) Stock Rating Reaffirmed by KeyCorp” was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this report on another website, it was copied illegally and reposted in violation of US and international copyright legislation. The correct version of this report can be accessed at https://ledgergazette.com/2017/10/22/sprint-corporation-s-rating-reiterated-by-keycorp.html.

Several hedge funds and other institutional investors have recently modified their holdings of S. BlackRock Inc. raised its stake in shares of Sprint Corporation by 4,924.2% during the first quarter. BlackRock Inc. now owns 39,211,547 shares of the cell phone carrier’s stock valued at $340,355,000 after purchasing an additional 38,431,100 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Sprint Corporation by 6,509.8% during the second quarter. Janus Henderson Group PLC now owns 7,179,430 shares of the cell phone carrier’s stock valued at $58,944,000 after purchasing an additional 7,070,812 shares in the last quarter. Odey Asset Management Group Ltd raised its stake in shares of Sprint Corporation by 107.3% during the second quarter. Odey Asset Management Group Ltd now owns 8,124,955 shares of the cell phone carrier’s stock valued at $66,706,000 after purchasing an additional 4,204,955 shares in the last quarter. Janus Capital Management LLC raised its stake in shares of Sprint Corporation by 94.3% during the first quarter. Janus Capital Management LLC now owns 6,689,392 shares of the cell phone carrier’s stock valued at $58,064,000 after purchasing an additional 3,247,400 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Sprint Corporation by 5.1% during the first quarter. Vanguard Group Inc. now owns 37,670,102 shares of the cell phone carrier’s stock valued at $326,977,000 after purchasing an additional 1,823,591 shares in the last quarter. Institutional investors and hedge funds own 13.95% of the company’s stock.

Sprint Corporation 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.

Analyst Recommendations for Sprint Corporation (NYSE:S)

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