Analysts' Ratings Review: Sprint Corporation (S)

Cornelia Mascio
Novembre 22, 2017

At the end of 09/30/2017 reporting period, 137 institutional holders increased their position in Sprint Corporation (NYSE:S) by some 28,141,415 shares, 169 decreased positions by 31,860,989 and 83 held positions by 537,514,354. They presently have a $5.50 price objective on the cell phone carrier's stock. UBS AG's price target suggests a potential upside of 23.36% from the stock's previous close. S has been the subject of a number of research reports. Oppenheimer Holdings, Inc. reaffirmed a "hold" rating on shares of Sprint Corporation in a research report on Wednesday, September 20th. Barclays PLC reiterated a "neutral" rating and issued a $8.00 price target on shares of Sprint Corporation in a research report on Wednesday, August 9th. Cowen and Company reissued a "hold" rating and set a $6.50 price objective on shares of Sprint Corporation in a research note on Wednesday, July 19th. Finally, BidaskClub cut shares of Sprint Corporation from a "hold" rating to a "sell" rating in a report on Friday, August 11th. KeyCorp lowered shares of Sprint Corporation from a "sector weight" rating to an "underweight" rating and set a $5.50 price target on the stock.in a report on Monday, November 6th. Eight 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 stock.

On the other hand the company has Relative Strength Index (RSI 14) of 41.55 along with Average True Range (ATR 14) of 0.26, Consequently Sprint Corporation (NYSE:S)'s weekly and monthly volatility is 2.84%, 4.20% respectively. Summit Securities Group Ltd has 0.02% invested in Sprint Corp (NYSE:S) for 13,179 shares. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.10 and a quick ratio of 1.03. The highest EPS estimate is $0.01 and the lowest is ($0.10).

Thompson Davis & Co reported 0.01% in Sprint Corp (NYSE:S). The cell phone carrier reported ($0.01) earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of ($0.02) by $0.01.

Sprint Corporation (NYSE:S) gross margin percentage stands at 57.8% while its operating margin for the past trailing twelve month is 7.7 percent and its overall profit margin (ttm) is -1.8 Percent. During the same quarter in the previous year, the company earned ($0.04) EPS. If you are viewing this article on another publication, it was illegally copied and reposted in violation of USA and worldwide trademark and copyright law.

In other news, major shareholder Group Corp Softbank bought 6,484,367 shares of Sprint Corporation stock in a transaction on Tuesday, November 7th. The stock grabbed 36 new institutional investments totaling 5,417,787 shares while 51 institutional investors sold out their entire positions totaling 3,657,258 shares. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Tarek Robbiati sold 363,529 shares of the business's stock in a transaction dated Monday, November 13th.

In the transaction dated November 09, 2017, the great number of shares acquired came courtesy the 10% Owner; Softbank Group Corp added a total of 8,645,980 shares at an average price of $6.1, amounting to approximately $52,740,478. Following the completion of the transaction, the chief financial officer now owns 1,901,974 shares in the company, valued at $11,411,844. The disclosure for this sale can be found here.

The company's stock is now moving with a -ve distance from the 200 day SMA of approximately -23.01%, and has a solid year to date (YTD) performance of -26.01% which means that the stock is constantly adding to its value from the previous fiscal year end price. Vanguard Group Inc. now owns 37,971,867 shares of the cell phone carrier's stock valued at $311,749,000 after buying an additional 301,765 shares during the last quarter. Advisors Asset Management Inc. raised its stake in shares of Sprint Corporation by 2.2% during the 2nd quarter. Bluemountain Cap Mngmt Limited Co invested in 2,154 shares or 0% of the stock. Janus Henderson Group PLC now owns 7,179,430 shares of the cell phone carrier's stock valued at $58,944,000 after buying an additional 7,070,812 shares during the last quarter. Pacer Advisors Inc. now owns 26,256 shares of the cell phone carrier's stock worth $216,000 after purchasing an additional 500 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its position in Sprint Corporation by 17.6% in the second quarter. Advisory Services Network LLC now owns 69,627 shares of the cell phone carrier's stock worth $572,000 after purchasing an additional 802 shares during the last quarter.

Sprint Corporation is a holding company.

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