Sprint Corporation (S) Stock Rating Reaffirmed by KeyCorp

An issue of Sprint Corporation (NYSE:S) bonds fell 0.9% against their face value during trading on Wednesday after Deutsche Bank AG lowered their price target on the stock from $8.00 to $7.00. Zacks Investment Research now has $8.25 price objective on the cell phone carrier's stock. Sprint's prepaid subsidiary has extended its unlimited offerings to its existing iPhone owners and has also inked deal with Apple to relaunch itself as an exclusive iPhone carrier. Hedge funds and other institutional investors own 13.95% of the company's stock. Yearly performance of the stock shows a bullish trend of 6.09% while year-to-date (YTD) performance reflected -15.2% negative outlook. The stock now has Weekly Volatility of 4.22% and Monthly Volatility of 3.91%. "Further, Sprint operates in a highly competitive wireless market". Wells Fargo maintained the stock with "Outperform" rating in Wednesday, August 5 report. Cowen and Company decreased their price objective on Sprint Corp from $7.50 to $6.50 and set a "market perform" rating on the stock in a report on Thursday, May 4th.

Sprint Corporation's average Free Cash Flow per Share Growth Rate was 0 percent during the past 12 months. Six analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the stock. The stock now has a consensus rating of "Hold" and an average price target of $10.10. Oppenheimer upgraded Sprint Corp (NYSE:S) on Wednesday, January 27 to "Perform" rating. Sprint Corporation has a 12 month low of $5.83 and a 12 month high of $9.65. The company's market cap is $28.54 billion. Its opening price on the last trading day was $7.14. The cell phone carrier reported $0.05 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of ($0.01) by $0.06.

While having a peek at profitability ratios Sprint Corporation (NYSE:S) has trailing twelve month gross margin at 56.2%, its trailing twelve month operating margin stands at 7.7% whereas its trailing twelve month net profit margin spots at -2.1%. During the same quarter in the previous year, the company posted ($0.08) EPS.

The company's quick ratio for most recent quarter is 1 along with current ratio for most recent quarter of 1.1. They expect $-0.03 earnings per share, up 25.00% or $0.01 from last year's $-0.04 per share.

Sprint Corporation (S) reported sales (ttm) of 33.49 Billion, whereas, 18 number of analysts estimated the mean sale of 7933.5 million. If you are reading this story on another publication, it was stolen and republished in violation of USA and global copyright & trademark legislation. The correct version of this news story can be viewed at https://www.truebluetribune.com/2017/10/11/sprint-corporation-s-upgraded-to-buy-by-zacks-investment-research.html.

A number of large investors have recently modified their holdings of the business. Focused Wealth Management Inc increased its position in shares of Sprint Corp by 65.7% in the first quarter. 6,047,470 shares of the company's stock were exchanged. Finally, Janney Montgomery Scott LLC acquired a new position in shares of Sprint Corporation during the second quarter worth approximately $125,000. Prudential Financial Inc. now owns 1,589,645 shares of the cell phone carrier's stock valued at $13,798,000 after buying an additional 1,542,400 shares in the last quarter.

Sprint Corp (NYSE:S) institutional sentiment increased to 1.06 in Q2 2017. Gateway Investment Advisers LLC now owns 97,701 shares of the cell phone carrier's stock worth $802,000 after purchasing an additional 55,704 shares during the period. Dai Ichi Life Insurance Company Ltd increased its position in shares of Sprint Corp by 996.2% in the first quarter. Odey Asset Management Group Ltd now owns 8,124,955 shares of the cell phone carrier's stock worth $66,706,000 after purchasing an additional 4,204,955 shares during the period. Swiss National Bank raised its position in shares of Sprint Corporation by 3.0% during the second quarter. Janus Henderson Group PLC now owns 7,179,430 shares of the cell phone carrier's stock worth $58,944,000 after purchasing an additional 7,070,812 shares during the period.

Sprint Corporation (S) now the company's industry has 13.86 P/E and the sector P/E is 16.24.

Related News:

  • Clemson's Dabo Swinney to attend celebration of Alabama 1992 title, per report

    Swinney was born in Birmingham, and later coached Alabama as an assistant from 1993-2000. At that point, Swinney was named interim head coach and later full-time head coach.
    Malaysia, Indonesia, Philippines launch joint operations to tackle terrorism

    Malaysia, Indonesia, Philippines launch joint operations to tackle terrorism

    The air patrol will rotate monthly among the countries, with Malaysia leading the operations first using Royal Malaysian Air Force aircraft.
    Life is Strange: Before the Storm Episode 2 Gets a Release Date

    Life is Strange: Before the Storm Episode 2 Gets a Release Date

    Chloe Price and Rachel Amber are forging an unlikely friendship and a family secret is threatening to tear everything apart. In fact, you'll probably appreciate Life is unusual more going into it after playing this prequel.
  • Transocean Inc (NYSE:RIG) Institutional Investors Sentiment Increased in 2017 Q2

    Transocean Inc (NYSE:RIG) Institutional Investors Sentiment Increased in 2017 Q2

    Ameritas Inv Prns reported 0% in Transocean LTD (NYSE: RIG ). 39,084 are held by Regentatlantic Cap Ltd Liability Corporation. Narrowing in a bit closer, the 5 month price index is 0.92549, the 3 month is 1.28234, and the 1 month is now 1.21724.
    India ranks 100 of 119 countries on Global Hunger Index

    India ranks 100 of 119 countries on Global Hunger Index

    However, he said that the on-going efforts are expected to make significant changes in improving the existing situation. However, as for the prevalence of wasting in children under five years, there is, however, no improvement.

    Analyzing the Insider Data for Incyte Corporation (INCY)

    A month ago, they told us to expect earnings of US$0.08 per share while three months ago their EPS consensus estimate was US$0.13. After $-0.06 actual EPS reported by Incyte Corporation for the previous quarter, Wall Street now forecasts -133.33 % EPS growth.
  • Notable Stock Analysts Ratings Eldorado Gold Corporation (EGO)

    Traders often add the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of a trend. It represents a security's price that, if achieved, results in a trader recognizing the best possible outcome for his investment.

    Southern Copper Corp (NYSE:SCCO) Institutional Investor Positioning

    Manning & Napier Advisors LLC acquired a new position in Southern Copper Corp during the first quarter valued at $57,717,000. The stock of Southern Copper Corp (NYSE:SCCO) has "Market Perform" rating given on Thursday, February 18 by Cowen & Co.
    Student charged with felony in Powhatan school threat

    Student charged with felony in Powhatan school threat

    Dinwiddie High School and nearby Dinwiddle Middle School were both put on lock down Wednesday morning following a gun scare. He said this is a lesson to all students to be careful what you post.
  • Samsung Expects Record Q3 Operating Profit

    Samsung Expects Record Q3 Operating Profit

    It is also a 3 percent rise from this year's second quarter - its previous highest - of 14.07 trillion won in profits. The company also estimates third-quarter sales of 62 trillion won compared to 47.82 trillion won past year .

    Box unveils framework for applying machine learning to content, Box Skills

    There's also a skill for helping Box recognise pictures of a company's own products. "This will allow them to stay 'AI-neutral'". The audio intelligence skill uses audio files to create and index a text transcript that can be easily searched and manipulated.

    TD Ameritrade Holding Corp (NYSE:AMTD) Institutional Investor Sentiment Is 1.05

    Atlantic Trust Group Llc decreased Ishares Intermediate (GVI) stake by 8,192 shares to 128,249 valued at $14.19 million in 2017Q2. The price earnings ratio (P/E) ratio helps investors analyze how much they should pay for a stock based on its current earnings.


Most liked

Famous climber kills himself after girlfriend dies in Montana avalance
Kennedy wrote on the "Evening Sends" blog that it's the painful reality of the sport and that " climbing is either a lovely gift or a curse".

(PAG) is down at $45.27 Penske Automotive Group To Host Third…
BidaskClub lowered Group 1 Automotive from a "sell" rating to a "strong sell" rating in a research report on Saturday, August 5th. Ameritas Investment Partners Inc. acquired a new stake in shares of Group 1 Automotive in the 1st quarter valued at $133,000.

Amc Networks Inc (NASDAQ:AMCX) Institutional Investors Sentiment
Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest Management reported 14,781 shares. AMC Networks Inc. (NASDAQ:AMCX)'s market cap, the total dollar value of all of their outstanding shares, is 3673.94m.

Jane Fonda Admits She Knew About Weinstein Rumors And Stayed Silent
Explaining why she stayed silent, Fonda said, "Because I guess it hadn't happened to me and so I didn't feel it was my place". But Arquette is among the handful of actresses whose experiences with Weinstein were detailed in the New Yorker this week.

Nike, Inc. (NYSE:NKE) Sale Analysis
The State Of Tennessee Treasury Department holds 886,701 shares with $52.32 million value, down from 926,263 last quarter. Following the completion of the transaction, the director now owns 25,660 shares in the company, valued at $1,371,527.

Family of Tewksbury mom killed in Vegas delivers statement
Visiting hours for LeRocque will be held at the Nichols Funeral Home, 187 Middlesex Ave., Wilmington, on Friday from 2 to 8 p.m. The family said Rhonda and her husband took pride in helping disaster victims in Louisiana, Mississippi, Florida and Jamaica.

Jury recommends death for Nolen
Nolen's trial had been delayed to determine if he was mentally competent to face the murder charge before a jury. A jury has recommended the death penalty for an Oklahoma man convicted of beheading a co-worker in 2014.

Chartist Trimmed Suntrust Banks (STI) Position; Comcast (CMCSA)'s Sentiment Is 1.01
The market capitalization (Stock Price Multiply by Total Number of Outstanding Shares) for the company is reported at $177.48B. Artisan Partners Limited Partnership boosted its stake in shares of Comcast Corporation by 100.9% during the 1st quarter.

Jason Momoa's Tasteless 'Game Of Thrones' Rape Joke Resurfaces Amid Weinstein Scandal
After the video surfaced on Twitter, fans of Mamoa and of " Game of Thrones " immediately went nuclear. Momoa elaborated on the comments in an interview with the New York Post .

Micron Technology, Inc. (NASDAQ:MU) Sale Analysis
Moreover, Captrust Financial Advsrs has 0.01% invested in Micron Technology , Inc. $1.46M worth of Micron Technology , Inc. The volume of MU witnessed a shift from 52.03 million shares, based on a 50-day average, to 29.67 million shares.

Cheaper Honda Civic Type R Appears Imminent
Could be, but does Honda need a less expensive, under equipped Civic Type-R to carry the line? The two trims shown are " Civic Type R " and "Touring".

More than 500000 child seats recalled
Alternatively, concerned customers may call Diono's customer support line toll-free at 1-855-463-4666. You will be able to locate this information on the manufacturer's label on the product.

Badly injured puppy euthanized after found suffering in Calgary dumpster
A southern Wisconsin animal shelter is trying to help a dog who was reportedly thrown from a bridge in Janesville. The dog was able to swim to shore where he was later taken to the shelter to be cared for.

Middle-earth: Shadow of War has been cracked already
That's according to reports by DSOGaming.com , which claim that the Denuvo anti-tamper tech has been cracked. And since this tech is unable to protect - and guarantee - the first week sales, it's entirely worthless.

'Roswell' Series Reboot in Development at CW
It's heading to the CW with a new script from Carina MacKenzie, producer of Vampire Diaries spin-off The Originals . The original Roswell series debuted on the WB network in 1999 before moving to UPN for its third and final season.