Cowen reaffirmed their hold rating on shares of Sprint (NYSE:S) in a report released on Monday morning.

S has been the subject of a number of other research reports. Robert W. Baird reaffirmed a hold rating and set a $6.00 price objective on shares of Sprint in a research note on Friday. Moffett Nathanson reaffirmed a sell rating on shares of Sprint in a research note on Thursday, October 12th. KeyCorp reaffirmed a hold rating on shares of Sprint in a research note on Wednesday, October 11th. ValuEngine downgraded shares of Sprint from a hold rating to a sell rating in a research note on Monday, October 16th. Finally, Macquarie reaffirmed a hold rating and set a $6.50 price objective on shares of Sprint in a research note on Tuesday, November 7th. Nine research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the stock. Sprint has an average rating of Hold and an average price target of $6.08.

Sprint (NYSE:S) opened at $5.03 on Monday. The stock has a market cap of $21,441.86, a PE ratio of 2.97 and a beta of 0.64. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 1.25. Sprint has a 1-year low of $4.91 and a 1-year high of $9.44.

Sprint (NYSE:S) last released its earnings results on Friday, February 2nd. The cell phone carrier reported ($0.02) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.02. The company had revenue of $8.24 billion for the quarter, compared to analyst estimates of $8.19 billion. Sprint had a net margin of 21.41% and a negative return on equity of 0.94%. The firm’s quarterly revenue was down 3.6% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.46) EPS. equities research analysts predict that Sprint will post -0.01 earnings per share for the current year.

In other Sprint news, VP Paul W. Schieber, Jr. sold 144,041 shares of the stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $5.74, for a total value of $826,795.34. Following the completion of the sale, the vice president now owns 204,168 shares of the company’s stock, valued at $1,171,924.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Group Corp Softbank acquired 6,149,090 shares of the stock in a transaction on Tuesday, January 16th. The stock was purchased at an average cost of $5.68 per share, with a total value of $34,926,831.20. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 65,924,416 shares of company stock valued at $383,395,993 and have sold 913,236 shares valued at $5,377,413. 0.18% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its position in Sprint by 0.8% in the second quarter. Vanguard Group Inc. now owns 37,971,867 shares of the cell phone carrier’s stock valued at $311,749,000 after acquiring an additional 301,765 shares in the last quarter. Janus Henderson Group PLC grew its position in Sprint by 6,509.8% in the second quarter. Janus Henderson Group PLC now owns 7,179,430 shares of the cell phone carrier’s stock valued at $58,944,000 after acquiring an additional 7,070,812 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Sprint by 0.7% in the second quarter. Dimensional Fund Advisors LP now owns 7,075,012 shares of the cell phone carrier’s stock valued at $58,083,000 after acquiring an additional 50,302 shares in the last quarter. FMR LLC grew its position in Sprint by 3.1% in the second quarter. FMR LLC now owns 3,835,837 shares of the cell phone carrier’s stock valued at $31,492,000 after acquiring an additional 115,192 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in Sprint by 1.5% in the third quarter. Bank of New York Mellon Corp now owns 3,595,501 shares of the cell phone carrier’s stock valued at $27,973,000 after acquiring an additional 54,865 shares in the last quarter. 13.76% of the stock is owned by institutional investors.

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Sprint 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.

Analyst Recommendations for Sprint (NYSE:S)

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