Sprint Corporation (S) Receives Hold Rating from KeyCorp

KeyCorp reissued their hold rating on shares of Sprint Corporation (NYSE:S) in a research report sent to investors on Wednesday morning.

Several other research firms have also commented on S. J P Morgan Chase & Co restated a neutral rating on shares of Sprint Corporation in a report on Wednesday, June 28th. Oppenheimer Holdings, Inc. restated a hold rating on shares of Sprint Corporation in a report on Wednesday, September 20th. Zacks Investment Research upgraded shares of Sprint Corporation from a hold rating to a buy rating and set a $8.50 price objective for the company in a research note on Tuesday, October 3rd. Cowen and Company reiterated a market perform rating and set a $6.50 price objective on shares of Sprint Corporation in a research note on Wednesday, August 2nd. Finally, HSBC Holdings plc reiterated a reduce rating and set a $7.20 price objective on shares of Sprint Corporation in a research note on Friday, June 16th. Six analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the company. Sprint Corporation currently has a consensus rating of Hold and an average price target of $10.10.

Sprint Corporation (S) traded down 0.42% during midday trading on Wednesday, hitting $7.16. 6,318,558 shares of the stock were exchanged. The firm’s 50 day moving average price is $7.90 and its 200 day moving average price is $8.22. Sprint Corporation has a 12 month low of $5.83 and a 12 month high of $9.65. The company’s market cap is $28.62 billion.

Sprint Corporation (NYSE:S) last posted its quarterly earnings results on Tuesday, August 1st. The cell phone carrier reported $0.05 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $8.14 billion. During the same quarter in the previous year, the business posted ($0.08) EPS. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. On average, equities research analysts forecast that Sprint Corporation will post ($0.83) earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This story was originally reported by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this story on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The correct version of this story can be viewed at https://sportsperspectives.com/2017/10/12/sprint-corporation-s-receives-hold-rating-from-keycorp.html.

Several hedge funds have recently added to or reduced their stakes in the company. Financial Counselors Inc. boosted its holdings in shares of Sprint Corporation by 1.7% in the 2nd 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 during the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of Sprint Corporation by 2.2% in the 2nd 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 during the last quarter. Ronald Blue & Co. LLC boosted its holdings in shares of Sprint Corporation by 1.5% in the 2nd quarter. Ronald Blue & Co. LLC now owns 21,648 shares of the cell phone carrier’s stock valued at $178,000 after acquiring an additional 326 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Sprint Corporation by 1.9% in the 2nd quarter. Pacer Advisors Inc. now owns 26,256 shares of the cell phone carrier’s stock valued at $216,000 after acquiring an additional 500 shares during the last quarter. Finally, Advisory Services Network LLC boosted its holdings in shares of 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 valued at $572,000 after acquiring an additional 802 shares during the last quarter. 13.95% of the stock is currently owned by institutional investors and hedge funds.

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)

Receive News & Ratings for Sprint Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sprint Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply