Sprint Corporation (S) Debt Trading 1.4% Higher
An issue of Sprint Corporation (NYSE:S) debt rose 1.4% as a percentage of its face value during trading on Friday. The debt issue has a 8.75% coupon and will mature on March 15, 2032. The debt is now trading at $122.50 and was trading at $125.25 one week ago. Price moves in a company’s debt in credit markets often predict parallel moves in its stock price.
Several analysts recently commented on S shares. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Sprint Corporation in a research report on Wednesday, September 20th. Zacks Investment Research upgraded shares of Sprint Corporation from a “hold” rating to a “buy” rating and set a $8.50 price target for the company in a research report on Tuesday, October 3rd. Vetr downgraded shares of Sprint Corporation from a “strong-buy” rating to a “buy” rating and set a $7.10 price target for the company. in a research report on Thursday. Cowen and Company reiterated a “market perform” rating and issued a $6.50 price target on shares of Sprint Corporation in a research report on Wednesday, August 2nd. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $8.00 price target on shares of Sprint Corporation in a research report on Sunday, July 9th. Seven equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $10.13.
Sprint Corporation (NYSE S) traded up $0.24 during trading hours on Friday, hitting $6.67. 15,286,421 shares of the stock were exchanged, compared to its average volume of 17,358,266. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.03 and a current ratio of 1.10. Sprint Corporation has a fifty-two week low of $6.05 and a fifty-two week high of $9.65.
Sprint Corporation (NYSE:S) last posted its quarterly earnings results on Wednesday, October 25th. The cell phone carrier reported ($0.01) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.01. Sprint Corporation had a negative net margin of 1.82% and a negative return on equity of 3.19%. The business had revenue of $7.93 billion for the quarter, compared to analysts’ expectations of $8.05 billion. During the same period in the prior year, the company posted ($0.04) EPS. The business’s revenue for the quarter was down 3.9% on a year-over-year basis. equities research analysts expect that Sprint Corporation will post -0.02 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of S. Principal Financial Group Inc. grew its stake in Sprint Corporation by 47.0% in the 1st quarter. Principal Financial Group Inc. now owns 149,887 shares of the cell phone carrier’s stock valued at $1,301,000 after acquiring an additional 47,953 shares during the last quarter. FMR LLC grew its stake in Sprint Corporation by 11.9% in the 1st quarter. FMR LLC now owns 3,720,645 shares of the cell phone carrier’s stock valued at $32,295,000 after acquiring an additional 396,100 shares during the last quarter. Teachers Advisors LLC grew its stake in Sprint Corporation by 2.8% in the 1st quarter. Teachers Advisors LLC now owns 1,446,776 shares of the cell phone carrier’s stock valued at $12,558,000 after acquiring an additional 39,603 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Sprint Corporation by 2.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,024,710 shares of the cell phone carrier’s stock valued at $60,959,000 after acquiring an additional 188,345 shares during the last quarter. Finally, Amalgamated Bank grew its stake in Sprint Corporation by 9.4% in the 1st quarter. Amalgamated Bank now owns 41,139 shares of the cell phone carrier’s stock valued at $357,000 after acquiring an additional 3,540 shares during the last quarter. 13.90% of the stock is currently owned by hedge funds and other institutional investors.
TRADEMARK VIOLATION NOTICE: This news story was first reported by Watch List News and is the property of of Watch List News. If you are accessing this news story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright laws. The legal version of this news story can be read at https://www.watchlistnews.com/sprint-corporation-s-debt-trading-1-4-higher/1680851.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.