Sprint (NYSE:S)‘s stock had its “hold” rating reiterated by stock analysts at Barclays in a research report issued on Friday. They currently have a $5.00 price target on the cell phone carrier’s stock. Barclays’ price objective would indicate a potential downside of 8.59% from the company’s current price.

Several other brokerages have also recently commented on S. Zacks Investment Research cut Sprint from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Deutsche Bank cut their target price on shares of Sprint from $8.00 to $7.00 and set a “hold” rating on the stock in a research note on Tuesday, October 10th. KeyCorp restated a “hold” rating on shares of Sprint in a report on Wednesday, October 11th. ValuEngine cut shares of Sprint from a “hold” rating to a “sell” rating in a report on Monday, October 16th. Finally, Macquarie reiterated a “hold” rating and issued a $8.00 price objective on shares of Sprint in a report on Thursday, October 26th. Seven analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $6.52.

Shares of Sprint (NYSE:S) opened at $5.47 on Friday. The stock has a market capitalization of $21,880.00, a PE ratio of -36.47 and a beta of 0.79. Sprint has a 52-week low of $5.24 and a 52-week high of $9.65. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.03 and a current ratio of 1.10.

Sprint (NYSE:S) last issued its earnings results on Wednesday, October 25th. The cell phone carrier reported ($0.01) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.01. Sprint had a negative return on equity of 3.19% and a negative net margin of 1.82%. The company had revenue of $7.93 billion during the quarter, compared to the consensus estimate of $8.05 billion. During the same period in the previous year, the firm posted ($0.04) earnings per share. Sprint’s quarterly revenue was down 3.9% compared to the same quarter last year. research analysts predict that Sprint will post -0.01 EPS for the current year.

In other Sprint news, insider Jorge Enrique Gracia sold 112,959 shares of Sprint stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $6.18, for a total value of $698,086.62. Following the completion of the sale, the insider now owns 858,383 shares in the company, valued at approximately $5,304,806.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Tarek Robbiati sold 363,529 shares of Sprint stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $6.00, for a total transaction of $2,181,174.00. Following the completion of the sale, the chief financial officer now owns 1,901,974 shares of the company’s stock, valued at approximately $11,411,844. The disclosure for this sale can be found here. In the last quarter, insiders acquired 72,408,783 shares of company stock valued at $421,783,446 and sold 913,236 shares valued at $5,377,413. 0.18% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of Sprint by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 37,971,867 shares of the cell phone carrier’s stock valued at $311,749,000 after buying an additional 301,765 shares in the last quarter. Odey Asset Management Group Ltd raised its position in shares of Sprint by 107.3% in the 2nd quarter. Odey Asset Management Group Ltd now owns 8,124,955 shares of the cell phone carrier’s stock valued at $66,706,000 after buying an additional 4,204,955 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of Sprint by 6,509.8% in the 2nd quarter. Janus Henderson Group PLC now owns 7,179,430 shares of the cell phone carrier’s stock valued at $58,944,000 after buying an additional 7,070,812 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Sprint by 0.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,075,012 shares of the cell phone carrier’s stock valued at $58,083,000 after buying an additional 50,302 shares in the last quarter. Finally, FMR LLC raised its position in shares of Sprint by 3.1% in the 2nd quarter. FMR LLC now owns 3,835,837 shares of the cell phone carrier’s stock valued at $31,492,000 after buying an additional 115,192 shares in the last quarter. Institutional investors and hedge funds own 13.74% of the company’s stock.

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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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