Sprint Corporation (NYSE: S) recently received a number of ratings updates from brokerages and research firms:

  • 10/26/2017 – Sprint Corporation had its “neutral” rating reaffirmed by analysts at Nomura. They now have a $7.00 price target on the stock, down previously from $8.00.
  • 10/26/2017 – Sprint Corporation had its “hold” rating reaffirmed by analysts at Macquarie. They now have a $8.00 price target on the stock. They wrote, “We model FY3Q/17 postpaid phone net adds, churn, and ARPU of 308k/725k, 1.63%/1.57%, and US$45.72/US$46.12. Soft iPhone 8 demand was likely the catalyst for its latest round of promos which could be enhanced by the holiday season/iPhone X. Prepaid momentum is ongoing with 95k net adds, a 544k improvement YoY. The Boost brand is strong, with promos like five lines for US$100/mo, while efforts to refresh Virgin’s offers continue. Prepaid ARPU grew despite Boost’s new taxes/fees inclusive plans; we model FY3Q/17 prepaid ARPU of US$37.27/US$37.89, reflecting expectations that this promo will dilute ARPU sequentially in FY3Q. 3Q Adj. EBITDA was US$2.7bn as management focused on cost controls with US$750m+ in savings from EIP mix, labor, backhaul, and wireline expenses.””
  • 10/18/2017 – Sprint Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Sprint is on track with its network modernization and integration efforts, to fortify its position in the wireless industry. Sprint’s prepaid subsidiary has extended its unlimited offerings to its existing iPhone owners and has also inked deal with Apple to relaunch itself as an exclusive iPhone carrier. Sprint also offers attractive unlimited data plans to lure customers from rivals. We believe these efforts have driven the huge wireless subscribers. Sprint unveiled its Sprint MultiLine solution which allows businesses to add a company-owned number to their employees' personal phones for better businesses. For full-year 2017, Sprint has raised its outlook. Over the past three months, the stock price underperformed its industry. However, high cash burn from promotional offers and discounts, debt-laden balance sheet and decreasing cash flow have led to losses for Sprint. Further, Sprint operates in a highly competitive wireless market.”
  • 10/18/2017 – Sprint Corporation had its price target raised by analysts at BTIG Research from $3.85 to $4.00. They now have a “sell” rating on the stock.
  • 10/18/2017 – Sprint Corporation was downgraded by analysts at Macquarie from an “outperform” rating to a “neutral” rating.
  • 10/16/2017 – Sprint Corporation was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 10/12/2017 – Sprint Corporation had its “sell” rating reaffirmed by analysts at Moffett Nathanson.
  • 10/11/2017 – Sprint Corporation had its “hold” rating reaffirmed by analysts at KeyCorp.
  • 10/10/2017 – Sprint Corporation had its price target lowered by analysts at Deutsche Bank AG from $8.00 to $7.00. They now have a “hold” rating on the stock.
  • 10/10/2017 – Sprint Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $8.25 price target on the stock. According to Zacks, “Sprint is on track with its network modernization and integration efforts, to fortify its position in the wireless industry. Sprint’s prepaid subsidiary has extended its unlimited offerings to its existing iPhone owners and has also inked deal with Apple to relaunch itself as an exclusive iPhone carrier. Sprint also offers attractive unlimited data plans to lure customers from rivals. We believe these efforts have driven the huge wireless subscribers. Sprint unveiled its Sprint MultiLine solution which allows businesses to add a company-owned number to their employees' personal phones for better businesses. For full-year 2017, Sprint has raised its outlook. Over the past three months, the stock price underperformed its industry. However, high cash burn from promotional offers and discounts, debt-laden balance sheet and decreasing cash flow have led to losses for Sprint. Further, Sprint operates in a highly competitive wireless market.”
  • 10/4/2017 – Sprint Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Sprint is on track with its network modernization and integration efforts, to fortify its position in the wireless industry. Sprint’s prepaid subsidiary has extended its unlimited offerings to its existing iPhone owners and has also inked deal with Apple to relaunch itself as an exclusive iPhone carrier. Sprint also offers attractive unlimited data plans to lure customers from rivals. We believe these efforts have driven the huge wireless subscribers. Sprint unveiled its Sprint MultiLine solution which allows businesses to add a company-owned number to their employees' personal phones for better businesses. For full-year 2017, Sprint has raised its outlook. Over the past one month, the stock price underperformed its industry. However, high cash burn from promotional offers and discounts, debt-laden balance sheet and decreasing cash flow have led to losses for Sprint. Further, Sprint operates in a highly competitive wireless market.”
  • 10/3/2017 – Sprint Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $8.50 price target on the stock. According to Zacks, “Sprint is on track with its network modernization and integration efforts, to fortify its position in the wireless industry. Sprint’s prepaid subsidiary has extended its unlimited offerings to its existing iPhone owners and has also inked deal with Apple to relaunch itself as an exclusive iPhone carrier. Sprint also offers attractive unlimited data plans to lure customers from rivals. We believe these efforts have driven the huge wireless subscribers. Sprint unveiled its Sprint MultiLine solution which allows businesses to add a company-owned number to their employees' personal phones for better businesses. For full-year 2017, Sprint has raised its outlook. Over the past three months, the stock price underperformed its industry. However, high cash burn from promotional offers and discounts, debt-laden balance sheet and decreasing cash flow have led to losses for Sprint. Further, Sprint operates in a highly competitive wireless market.”
  • 9/20/2017 – Sprint Corporation had its “hold” rating reaffirmed by analysts at Oppenheimer Holdings, Inc..

Sprint Corporation (S) opened at 6.54 on Wednesday. The firm has a 50 day moving average of $7.44 and a 200-day moving average of $8.07. Sprint Corporation has a one year low of $5.83 and a one year high of $9.65. The firm’s market cap is $26.14 billion.

Sprint Corporation (NYSE:S) last released its quarterly earnings data on Wednesday, October 25th. The cell phone carrier reported ($0.01) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.01. The firm had revenue of $7.93 billion for the quarter, compared to analyst estimates of $8.05 billion. Sprint Corporation had a negative net margin of 1.82% and a negative return on equity of 3.19%. The company’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.04) EPS. Equities research analysts forecast that Sprint Corporation will post ($0.83) EPS for the current fiscal year.

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.

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