Sprint Corporation (S) Earning Somewhat Favorable Media Coverage, Study Shows

Media headlines about Sprint Corporation (NYSE:S) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group rates the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Sprint Corporation earned a news impact score of 0.01 on Accern’s scale. Accern also gave news headlines about the cell phone carrier an impact score of 43.1894177500055 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:

Several equities analysts recently commented on S shares. Zacks Investment Research upgraded shares of 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 reiterated a “reduce” rating and set 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 shares of 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 reiterated a “market perform” rating and set a $6.50 target price on shares of Sprint Corporation in a research note on Wednesday, August 2nd. Finally, BidaskClub cut shares of Sprint Corporation from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 15th. Six research analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the company. The company currently 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 Friday. Sprint Corporation has a 12-month low of $5.83 and a 12-month 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 company’s market cap is $28.54 billion.

Sprint Corporation (NYSE:S) last released its earnings results on Tuesday, August 1st. The cell phone carrier reported $0.05 earnings per share (EPS) for the quarter, beating the Zacks’ 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 firm had revenue of $8.16 billion for the quarter, compared to analysts’ expectations of $8.14 billion. During the same quarter in the previous year, the business posted ($0.08) earnings per share. The business’s revenue for the quarter 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 fiscal year.

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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.

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