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.

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