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.

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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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