Macquarie restated their hold rating on shares of Sprint Corporation (NYSE:S) in a research note published on Tuesday. The firm currently has a $6.50 price target on the cell phone carrier’s stock.

S has been the subject of a number of other research reports. Jefferies Group LLC reaffirmed a sell rating and set a $5.00 target price on shares of Sprint Corporation in a report on Friday, July 14th. Cowen and Company reaffirmed a hold rating and set a $6.50 target price on shares of Sprint Corporation in a report on Wednesday, July 19th. UBS AG reaffirmed a neutral rating and set a $9.00 target price on shares of Sprint Corporation in a report on Wednesday, August 2nd. Wells Fargo & Company reaffirmed an outperform rating on shares of Sprint Corporation in a report on Wednesday, August 2nd. Finally, Barclays PLC reaffirmed a neutral rating and set a $8.00 target price on shares of Sprint Corporation in a report on Wednesday, August 9th. Eight investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company. The company has a consensus rating of Hold and an average target price of $9.65.

Sprint Corporation (S) traded up $0.02 during trading hours on Tuesday, reaching $6.19. 13,845,682 shares of the company’s stock were exchanged, compared to its average volume of 20,775,172. The company has a quick ratio of 1.03, a current ratio of 1.10 and a debt-to-equity ratio of 1.80. Sprint Corporation has a 52 week low of $5.62 and a 52 week high of $9.65.

Sprint Corporation (NYSE:S) last posted its quarterly earnings data 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. The company had revenue of $7.93 billion during the quarter, compared to analysts’ expectations of $8.05 billion. Sprint Corporation had a negative net margin of 1.82% and a negative return on equity of 3.19%. The firm’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same period in the prior year, the business posted ($0.04) earnings per share. equities research analysts predict that Sprint Corporation will post -0.02 EPS for the current year.

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In other Sprint Corporation news, major shareholder Group Corp Softbank purchased 6,484,367 shares of Sprint Corporation stock in a transaction dated Tuesday, November 7th. The shares were acquired at an average price of $5.92 per share, with a total value of $38,387,452.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.18% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of S. Financial Counselors Inc. raised its holdings in Sprint Corporation by 1.7% in the second quarter. Financial Counselors Inc. now owns 12,173 shares of the cell phone carrier’s stock valued at $100,000 after acquiring an additional 201 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in Sprint Corporation by 2.2% in the second quarter. Advisors Asset Management Inc. now owns 14,809 shares of the cell phone carrier’s stock valued at $122,000 after acquiring an additional 318 shares in the last quarter. Ronald Blue & Co. LLC raised its holdings in Sprint Corporation by 1.5% in the second quarter. Ronald Blue & Co. LLC now owns 21,648 shares of the cell phone carrier’s stock valued at $178,000 after acquiring an additional 326 shares in the last quarter. Pacer Advisors Inc. raised its holdings in Sprint Corporation by 1.9% in the second quarter. Pacer Advisors Inc. now owns 26,256 shares of the cell phone carrier’s stock valued at $216,000 after acquiring an additional 500 shares in the last quarter. Finally, Advisory Services Network LLC raised its holdings in Sprint Corporation by 1.2% in the second quarter. Advisory Services Network LLC now owns 69,627 shares of the cell phone carrier’s stock valued at $572,000 after acquiring an additional 802 shares in the last quarter. 13.87% of the stock is currently owned by institutional investors and hedge funds.

About Sprint Corporation

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.

Analyst Recommendations for Sprint Corporation (NYSE:S)

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