Barclays Reiterates Hold Rating for Sprint (S)

Barclays restated their hold rating on shares of Sprint (NYSE:S) in a research note released on Friday morning. Barclays currently has a $5.00 price objective on the cell phone carrier’s stock.

S has been the topic of several other research reports. Zacks Investment Research raised Sprint from a hold rating to a buy rating and set a $8.25 price target on the stock in a report on Tuesday, October 10th. BTIG Research lifted their target price on Sprint from $3.85 to $4.00 and gave the company a sell rating in a research note on Wednesday, October 18th. KeyCorp downgraded Sprint from a sector weight rating to an underweight rating and set a $5.50 target price on the stock. in a research note on Monday, November 6th. Deutsche Bank cut their target price on Sprint from $8.00 to $7.00 and set a hold rating on the stock in a research note on Tuesday, October 10th. Finally, TheStreet downgraded Sprint from a c- rating to a d+ rating in a research note on Tuesday, December 19th. Seven investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company’s stock. Sprint currently has an average rating of Hold and a consensus price target of $6.52.

Shares of Sprint (NYSE S) opened at $5.32 on Friday. The stock has a market capitalization of $21,280.00, a P/E ratio of -35.47 and a beta of 0.79. Sprint has a 1-year low of $5.24 and a 1-year high of $9.65. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.10 and a quick ratio of 1.03.

Sprint (NYSE:S) last announced its quarterly earnings results on Wednesday, October 25th. The cell phone carrier reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.01. The business had revenue of $7.93 billion for the quarter, compared to the consensus estimate of $8.05 billion. Sprint had a negative return on equity of 3.19% and a negative net margin of 1.82%. The business’s revenue was down 3.9% on a year-over-year basis. During the same quarter last year, the business posted ($0.04) EPS. analysts forecast that Sprint will post -0.01 earnings per share for the current year.

In other news, major shareholder Group Corp Softbank purchased 6,484,367 shares of the stock in a transaction dated Tuesday, November 7th. The shares were bought at an average cost of $5.92 per share, for a total transaction of $38,387,452.64. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Dow Draper sold 292,707 shares of Sprint stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $5.71, for a total value of $1,671,356.97. Following the transaction, the insider now owns 1,165,158 shares in the company, valued at $6,653,052.18. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 72,408,783 shares of company stock worth $421,783,446 and have sold 913,236 shares worth $5,377,413. 0.18% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of S. Commerce Bank acquired a new position in shares of Sprint in the 3rd quarter worth $100,000. Crossmark Global Holdings Inc. acquired a new position in shares of Sprint in the 3rd quarter worth $141,000. Americafirst Capital Management LLC acquired a new position in shares of Sprint in the 3rd quarter worth $156,000. Capital Bank & Trust Co grew its holdings in shares of Sprint by 10,821.7% in the 3rd quarter. Capital Bank & Trust Co now owns 21,625 shares of the cell phone carrier’s stock worth $168,000 after acquiring an additional 21,427 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in shares of Sprint by 52.7% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 21,976 shares of the cell phone carrier’s stock worth $180,000 after acquiring an additional 7,585 shares during the last quarter. Institutional investors own 13.73% of the company’s stock.

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Sprint 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 (NYSE:S)

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