Sprint (NYSE:S) Downgraded to “D+” at TheStreet

Share on StockTwits

TheStreet lowered shares of Sprint (NYSE:S) from a c- rating to a d+ rating in a research report sent to investors on Tuesday morning, TheStreetRatingsTable reports.

S has been the topic of a number of other research reports. ValuEngine cut shares of Sprint from a buy rating to a hold rating in a report on Tuesday, November 19th. Barclays reiterated a hold rating and issued a $6.00 price objective on shares of Sprint in a report on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $6.31.

S stock traded down $0.11 during midday trading on Tuesday, hitting $5.54. The stock had a trading volume of 343,237 shares, compared to its average volume of 17,515,768. The business has a 50-day moving average of $6.07 and a two-hundred day moving average of $6.63. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.78 and a quick ratio of 0.71. The firm has a market cap of $23.35 billion, a price-to-earnings ratio of 553.50 and a beta of 0.29. Sprint has a 52-week low of $5.44 and a 52-week high of $8.06.

Sprint (NYSE:S) last issued its quarterly earnings results on Monday, November 4th. The cell phone carrier reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.05). The company had revenue of $7.80 billion during the quarter, compared to the consensus estimate of $8.17 billion. Sprint had a negative return on equity of 2.63% and a negative net margin of 8.19%. The business’s revenue for the quarter was down 7.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.05 earnings per share. Research analysts predict that Sprint will post -0.14 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in the company. Rational Advisors LLC raised its holdings in Sprint by 7,285.3% in the second quarter. Rational Advisors LLC now owns 5,022 shares of the cell phone carrier’s stock worth $33,000 after purchasing an additional 4,954 shares in the last quarter. CSat Investment Advisory L.P. purchased a new position in Sprint in the second quarter worth $34,000. NuWave Investment Management LLC increased its position in shares of Sprint by 85.8% during the third quarter. NuWave Investment Management LLC now owns 9,329 shares of the cell phone carrier’s stock worth $58,000 after purchasing an additional 4,307 shares in the last quarter. Ballentine Partners LLC acquired a new position in shares of Sprint during the third quarter worth $62,000. Finally, Corient Capital Partners LLC acquired a new stake in shares of Sprint in the 2nd quarter worth $71,000. Hedge funds and other institutional investors own 14.23% of the company’s stock.

About Sprint

Sprint Corporation, together with its subsidiaries, provides various wireless and wireline communications products and services to consumers, businesses, government subscribers, and resellers in the United States, Puerto Rico, and the United States Virgin Islands. It operates in two segments, Wireless and Wireline.

Recommended Story: Cash Flow Analysis in Stock Selection

Analyst Recommendations for Sprint (NYSE:S)

Receive News & Ratings for Sprint Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sprint and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2020 BBNS.