Sprint Corp. (NYSE:S) had its price target upped by Citigroup Inc. from $6.00 to $7.00 in a research note released on Thursday. The firm currently has a neutral rating on the cell phone carrier’s stock.

A number of other research analysts have also recently issued reports on the company. Argus reiterated a hold rating on shares of Sprint Corp. in a research note on Tuesday, July 26th. Robert W. Baird reiterated a neutral rating and set a $3.00 price objective on shares of Sprint Corp. in a research note on Tuesday, June 28th. Royal Bank Of Canada lifted their price objective on Sprint Corp. from $5.00 to $6.00 and gave the company a sector perform rating in a research note on Tuesday, July 26th. Oppenheimer Holdings Inc. restated a market perform rating on shares of Sprint Corp. in a research note on Tuesday, July 26th. Finally, Barclays PLC boosted their price target on Sprint Corp. from $4.00 to $5.00 and gave the stock an equal weight rating in a research note on Tuesday, July 26th. Nine investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $4.48.

Sprint Corp. (NYSE:S) opened at 6.21 on Thursday. Sprint Corp. has a 1-year low of $2.18 and a 1-year high of $7.03. The stock’s 50 day moving average price is $6.28 and its 200 day moving average price is $4.54. The company’s market cap is $24.71 billion.

Sprint Corp. (NYSE:S) last released its quarterly earnings results on Monday, July 25th. The cell phone carrier reported ($0.08) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.00. Sprint Corp. had a negative return on equity of 10.53% and a negative net margin of 7.08%. The company had revenue of $8 billion for the quarter, compared to analyst estimates of $8.69 billion. During the same period in the previous year, the company posted ($0.46) earnings per share. The firm’s revenue was down .2% on a year-over-year basis. On average, equities analysts anticipate that Sprint Corp. will post ($0.83) earnings per share for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement Association of Colorado raised its position in Sprint Corp. by 0.3% in the second quarter. Public Employees Retirement Association of Colorado now owns 190,438 shares of the cell phone carrier’s stock worth $863,000 after buying an additional 481 shares during the last quarter. Commonwealth Equity Services Inc raised its position in Sprint Corp. by 0.9% in the second quarter. Commonwealth Equity Services Inc now owns 63,329 shares of the cell phone carrier’s stock worth $287,000 after buying an additional 547 shares during the last quarter. Calvert Investment Management Inc. raised its position in Sprint Corp. by 1.6% in the second quarter. Calvert Investment Management Inc. now owns 33,840 shares of the cell phone carrier’s stock worth $153,000 after buying an additional 548 shares during the last quarter. NN Investment Partners Holdings N.V. raised its position in Sprint Corp. by 2.2% in the second quarter. NN Investment Partners Holdings N.V. now owns 27,801 shares of the cell phone carrier’s stock worth $126,000 after buying an additional 600 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its position in Sprint Corp. by 3.5% in the second quarter. Metropolitan Life Insurance Co. NY now owns 22,411 shares of the cell phone carrier’s stock worth $102,000 after buying an additional 758 shares during the last quarter. Institutional investors and hedge funds own 14.92% of the company’s stock.

Sprint Corp. Company Profile

Sprint Corporation is a holding company. The Company, along with its subsidiaries is a wireless communications company offering a range of wireless and wireline communications products and services. The Company operates in two segments: Wireless and Wireline. Its services are provided through its ownership of wireless networks, an all-digital global wireline network and a Tier 1 Internet backbone.

5 Day Chart for NYSE:S

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