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.
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.
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.
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