Positive News Coverage Somewhat Unlikely to Affect Sprint Corporation (S) Share Price
News stories about Sprint Corporation (NYSE:S) have been trending positive on Wednesday, Accern reports. Accern scores the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Sprint Corporation earned a coverage optimism score of 0.26 on Accern’s scale. Accern also gave news articles about the cell phone carrier an impact score of 46.728675655935 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
- A Head-to-head Comparison of Sprint Corporation (S) and Rockwell … – Economic News (economicsandmoney.com)
- Sprint: Compelling Short With Multiple Ways To Win – Seeking Alpha (seekingalpha.com)
- How AT&T Improved Its International Segment’s Margins (finance.yahoo.com)
- Sprint Corporation (S) Short Interest Down 3.8% in August (americanbankingnews.com)
- Financial Survey: Sprint Corporation (S) and United States Cellular Corporation (USM) (americanbankingnews.com)
Several research analysts have recently commented on the company. BidaskClub lowered Sprint Corporation from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 15th. TheStreet upgraded Sprint Corporation from a “d+” rating to a “c+” rating in a research report on Wednesday, May 3rd. Cowen and Company restated a “hold” rating and set a $6.50 price target on shares of Sprint Corporation in a research report on Wednesday, July 19th. Royal Bank Of Canada restated a “hold” rating and set a $8.00 price target on shares of Sprint Corporation in a research report on Sunday, July 9th. Finally, ValuEngine upgraded Sprint Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Six research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $10.26.
Sprint Corporation (NYSE S) traded down 0.24% during trading on Wednesday, hitting $8.25. The company had a trading volume of 4,711,255 shares. The company’s market cap is $32.97 billion. Sprint Corporation has a 12 month low of $5.83 and a 12 month high of $9.65. The company’s 50 day moving average price is $8.36 and its 200-day moving average price is $8.42.
Sprint Corporation (NYSE:S) last announced its quarterly earnings results on Tuesday, August 1st. The cell phone carrier reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.06. Sprint Corporation had a negative net margin of 2.08% and a negative return on equity of 3.66%. The firm had revenue of $8.16 billion during the quarter, compared to the consensus estimate of $8.14 billion. During the same period last year, the firm posted ($0.08) EPS. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. Equities analysts expect that Sprint Corporation will post ($0.83) earnings per share for the current year.
In other Sprint Corporation news, VP Paul W. Schieber, Jr. sold 24,465 shares of the business’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $8.22, for a total value of $201,102.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.18% of the company’s stock.
Sprint Corporation Company Profile
Sprint Corporation (Sprint) is a holding company. The Company, along with its subsidiaries, is a communications company offering a range of wireless and wireline communications products and services that are designed to meet the needs of consumers, businesses, government subscribers and resellers. It operates through two segments: Wireless and Wireline.
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