Sprint (S) Rating Reiterated by Macquarie

Macquarie reiterated their hold rating on shares of Sprint (NYSE:S) in a research report released on Sunday morning, AnalystRatings.com reports. They currently have a $5.50 target price on the cell phone carrier’s stock.

Several other brokerages also recently weighed in on S. Raymond James downgraded Sprint from an outperform rating to a market perform rating and set a $5.57 price objective for the company. in a research report on Monday, April 29th. ValuEngine cut Sprint from a buy rating to a hold rating in a research note on Tuesday, January 15th. William Blair reissued an underperform rating on shares of Sprint in a research note on Monday, February 11th. Finally, Cowen reissued a hold rating and set a $4.50 target price on shares of Sprint in a research note on Monday, February 4th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. Sprint currently has a consensus rating of Hold and a consensus target price of $5.71.

Shares of S stock opened at $6.07 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.06 and a debt-to-equity ratio of 1.35. Sprint has a fifty-two week low of $5.04 and a fifty-two week high of $6.61. The company has a market capitalization of $23.78 billion, a price-to-earnings ratio of 607.00 and a beta of 0.47.

Sprint (NYSE:S) last announced its quarterly earnings data on Tuesday, May 7th. The cell phone carrier reported ($0.04) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.02). Sprint had a negative net margin of 5.78% and a positive return on equity of 0.21%. The company had revenue of $8.44 billion during the quarter, compared to the consensus estimate of $8.19 billion. During the same quarter in the previous year, the firm posted $0.02 EPS. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, equities analysts predict that Sprint will post -0.03 EPS for the current year.

In other news, CTO John Saw sold 62,444 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $5.96, for a total transaction of $372,166.24. Following the transaction, the chief technology officer now directly owns 1,090,096 shares of the company’s stock, valued at $6,496,972.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.39% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Private Capital Group LLC grew its stake in Sprint by 51.7% in the fourth quarter. Private Capital Group LLC now owns 6,002 shares of the cell phone carrier’s stock worth $35,000 after purchasing an additional 2,045 shares during the period. Quantamental Technologies LLC purchased a new stake in Sprint in the fourth quarter worth $36,000. Bristlecone Advisors LLC purchased a new stake in Sprint in the fourth quarter worth $58,000. Econ Financial Services Corp purchased a new stake in Sprint in the fourth quarter worth $59,000. Finally, NuWave Investment Management LLC grew its stake in Sprint by 1,200.7% in the first quarter. NuWave Investment Management LLC now owns 10,991 shares of the cell phone carrier’s stock worth $62,000 after purchasing an additional 10,146 shares during the period. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Sprint Company Profile

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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Analyst Recommendations for Sprint (NYSE:S)

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