Somewhat Positive News Coverage Somewhat Unlikely to Impact Sprint Corporation (S) Stock Price
News articles about Sprint Corporation (NYSE:S) have been trending somewhat positive this week, Accern reports. The research firm identifies negative and positive news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Sprint Corporation earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned media stories about the cell phone carrier an impact score of 44.4301729059123 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- Stock Traders Buy Large Volume of Sprint Corporation Put Options (S) (americanbankingnews.com)
- Judge tosses Sprint sales workers’ joint employer, misclassification claims (reuters.com)
- Analyst: No rush for T-Mobile to strike a deal with Sprint (bizjournals.com)
- Should You Be Holding Sprint Corporation (S) Right Now? (finance.yahoo.com)
- Newsmaker: Sprint’s HR chief enjoys the fast pace — and slowing down (bizjournals.com)
Sprint Corporation (S) traded up 0.39% on Friday, hitting $7.78. 13,763,863 shares of the company were exchanged. The stock’s market capitalization is $31.10 billion. Sprint Corporation has a 52 week low of $5.83 and a 52 week high of $9.65. The company has a 50 day moving average price of $8.20 and a 200-day moving average price of $8.31.
Sprint Corporation (NYSE:S) last announced its earnings results on Tuesday, August 1st. The cell phone carrier reported $0.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.06. Sprint Corporation had a negative return on equity of 3.66% and a negative net margin of 2.08%. The business had revenue of $8.16 billion during the quarter, compared to the consensus estimate of $8.14 billion. During the same period in the prior year, the company posted ($0.08) EPS. The business’s quarterly revenue was up 1.8% on a year-over-year basis. On average, equities analysts expect that Sprint Corporation will post ($0.83) earnings per share for the current fiscal year.
S has been the subject of several recent analyst reports. Wells Fargo & Company restated an “outperform” rating on shares of Sprint Corporation in a research report on Wednesday, June 28th. BidaskClub cut Sprint Corporation from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 15th. Cowen and Company reiterated a “hold” rating and issued a $6.50 target price on shares of Sprint Corporation in a research report on Wednesday, July 19th. Jefferies Group LLC reiterated a “sell” rating and issued a $5.00 target price on shares of Sprint Corporation in a research report on Friday, July 14th. Finally, Goldman Sachs Group, Inc. (The) reissued a “neutral” rating on shares of Sprint Corporation in a research note on Wednesday, June 28th. Six investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $10.26.
TRADEMARK VIOLATION WARNING: “Somewhat Positive News Coverage Somewhat Unlikely to Impact Sprint Corporation (S) Stock Price” was published by Watch List News and is owned by of Watch List News. If you are accessing this piece on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this piece can be read at https://www.watchlistnews.com/somewhat-positive-news-coverage-somewhat-unlikely-to-impact-sprint-corporation-s-stock-price/1601831.html.
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.
Receive News & Ratings for Sprint Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sprint Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.