Sprint (NYSE:S) Upgraded at ValuEngine

ValuEngine upgraded shares of Sprint (NYSE:S) from a hold rating to a buy rating in a research note released on Friday, ValuEngine reports.

S has been the subject of several other reports. Barclays reissued a hold rating and set a $6.00 price target on shares of Sprint in a report on Tuesday, October 15th. UBS Group raised shares of Sprint from a neutral rating to a buy rating and lifted their price target for the company from $6.50 to $10.00 in a report on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $6.43.

Shares of S stock opened at $5.91 on Friday. Sprint has a 12-month low of $5.44 and a 12-month high of $8.06. The company has a market capitalization of $24.97 billion, a P/E ratio of 591.00 and a beta of 0.28. The firm has a 50-day moving average price of $6.26 and a 200 day moving average price of $6.62. The company has a quick ratio of 0.87, a current ratio of 0.78 and a debt-to-equity ratio of 1.50.

Sprint (NYSE:S) last announced its quarterly earnings results on Monday, November 4th. The cell phone carrier reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.05). Sprint had a negative net margin of 8.19% and a negative return on equity of 2.63%. The firm had revenue of $7.80 billion for the quarter, compared to the consensus estimate of $8.17 billion. During the same period in the prior year, the business earned $0.05 earnings per share. The company’s revenue for the quarter was down 7.6% on a year-over-year basis. As a group, research analysts expect that Sprint will post -0.1 earnings per share for the current year.

In other Sprint news, CTO John Saw sold 189,531 shares of the firm’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $6.83, for a total value of $1,294,496.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.39% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of S. Atwood & Palmer Inc. grew its position in shares of Sprint by 64.7% during the 2nd quarter. Atwood & Palmer Inc. now owns 4,260 shares of the cell phone carrier’s stock worth $28,000 after buying an additional 1,674 shares during the period. Rational Advisors LLC grew its position in shares of Sprint by 7,285.3% during the 2nd quarter. Rational Advisors LLC now owns 5,022 shares of the cell phone carrier’s stock worth $33,000 after buying an additional 4,954 shares during the period. CSat Investment Advisory L.P. acquired a new stake in shares of Sprint during the 2nd quarter worth approximately $34,000. NuWave Investment Management LLC grew its position in shares of Sprint by 85.8% during the 3rd quarter. NuWave Investment Management LLC now owns 9,329 shares of the cell phone carrier’s stock worth $58,000 after buying an additional 4,307 shares during the period. Finally, Strategic Advisors LLC acquired a new stake in shares of Sprint during the 2nd quarter worth approximately $65,000. Hedge funds and other institutional investors own 14.19% of the company’s stock.

About Sprint

Sprint Corporation, together with its subsidiaries, provides various wireless and wireline communications products and services to consumers, businesses, government subscribers, and resellers in the United States, Puerto Rico, and the United States Virgin Islands. It operates in two segments, Wireless and Wireline.

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