Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Sprint Corporation (S) Stock Price
News coverage about Sprint Corporation (NYSE:S) has trended somewhat positive recently, Accern reports. Accern identifies negative and positive media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Sprint Corporation earned a media sentiment score of 0.05 on Accern’s scale. Accern also gave news articles about the cell phone carrier an impact score of 43.205023804293 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media stories that may have impacted Accern Sentiment’s scoring:
- Bulls and Bears: Sprint Corporation, (NYSE: S) – Stocks In The News (press release) (tradingnewsnow.com)
- Talk Of A T-Mobile/Sprint Tie-Up Makes Sense – Seeking Alpha (seekingalpha.com)
- From phones to Barbies: Former Qwest, Sprint exec joins toymaker Mattel as CFO (finance.yahoo.com)
- Altice Luxembourg S.A. — Moody’s: US telecom revenues cool just as demand recovery pushes European peers’ earnings higher (finance.yahoo.com)
- The Lack of Apple iPhone 8 Deals Means Less People Are Switching Wireless Carriers (finance.yahoo.com)
Sprint Corporation (NYSE:S) opened at 7.36 on Friday. Sprint Corporation has a 1-year low of $5.83 and a 1-year high of $9.65. The stock has a 50 day moving average of $7.98 and a 200 day moving average of $8.25. The stock’s market capitalization is $29.42 billion.
Sprint Corporation (NYSE:S) last released its earnings results on Tuesday, August 1st. The cell phone carrier reported $0.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.06. The company had revenue of $8.16 billion for the quarter, compared to analyst estimates of $8.14 billion. Sprint Corporation had a negative net margin of 2.08% and a negative return on equity of 3.66%. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.08) EPS. On average, analysts expect that Sprint Corporation will post ($0.83) earnings per share for the current year.
A number of research firms recently commented on S. Zacks Investment Research cut shares of Sprint Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Sprint Corporation in a research report on Wednesday, September 20th. BidaskClub cut shares of Sprint Corporation from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Barclays PLC reissued a “neutral” rating and set a $8.00 target price on shares of Sprint Corporation in a research report on Wednesday, August 9th. Finally, Cowen and Company reissued a “market perform” rating and set a $6.50 target price on shares of Sprint Corporation in a research report on Tuesday, August 8th. Six research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $10.16.
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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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